Markets Actual Q3 Q4 Q1 Q2 2022
Currency 22759.00 22757 22757 22757 22757 22757
Stock Market (points) 1339.70 1298 1252 1208 1165 1084
Government Bond 10y (%) 2.05 2.1 2.15 2.19 2.24 2.33

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 6.61 4.5 6.5 6.3 5 6.5
Unemployment Rate (%) 2.62 3.1 3.2 2.9 2.9 3.3
Inflation Rate (%) 2.82 3.2 3.6 3.4 3.3 3.5
Interest Rate (%) 4.00 4 4.25 4.25 4.5 4.75
Balance of Trade (USD Billion) -1.30 2.1 1600 0.8 0.8 1.8
Current Account (USD Million) 350.00 2650 2650 1500 1500 2730
Current Account to GDP (% of GDP) 5.00 1.5 1.5 1 1 1
Government Debt to GDP (% of GDP) 46.70 47 47 47 47 46
Government Budget (% of GDP) -5.80 -5 -5 -4.5 -4.5 -4.5
Manufacturing PMI (points) 40.20 55 53 53 51 53
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 6.61 4.5 6.5 6.3 5 6.5
GDP (USD Billion) 271.16 250 290 310 310 310
GDP Constant Prices (VND Billion) 2443187.00 1707324 4009339 4097249 1264137 4363570
Gross National Product (VND Billion) 5930690.00 5942899 6316185 6304323 6227225 6726737
Gross Fixed Capital Formation (VND Billion) 1533217.00 1528828 1632876 1629810 1609878 1739013
GDP per capita (USD) 2123.46 2030 2030 2070 2070 2070
GDP per capita PPP (USD) 8200.33 7800 7800 7800 7800 8200
GDP From Agriculture (VND Billion) 265008.00 247315 574496 558407 133417 594704
GDP From Construction (VND Billion) 146647.00 96025 257615 278439 70104 296537
GDP From Manufacturing (VND Billion) 591082.00 344158 734719 802946 298156 855138
GDP From Mining (VND Billion) 74796.00 90376 238472 211547 43600 225298
GDP From Public Administration (VND Billion) 47238.00 48526 108130 111055 21760 118274
GDP From Services (VND Billion) 1027529.00 641866 1554886 1584322 540745 1687303
GDP From Transport (VND Billion) 124986.00 48498 117465 116706 71502 124292
GDP From Utilities (VND Billion) 13721.00 10932 23613 24904 6684 26523

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 2.62 3.1 3.2 2.9 2.9 3.3
Employed Persons (Million ) 53.37 54 54 54 54 55
Unemployed Persons (Million ) 1.20 1.3 1.3 1.3 1.3 1.2
Minimum Wages (VND Thousand/Month) 4420.00 4420 4420 4650 4650 4650
Population (Million) 97.58 98.7 98.7 99.7 99.7 99.7
Labor Force Participation Rate (%) 68.50 77 77 77 77 77.8
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Wages (VND Thousand/Month) 6340.00 6890 7150 7500 7500 7340
Wages In Manufacturing (VND Thousand/Month) 6154.00 6890 6950 7400 7400 7250
Youth Unemployment Rate (%) 7.47 7.2 7 7 7 7

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 2.82 3.2 3.6 3.4 3.3 3.5
Consumer Price Index CPI (points) 105.79 106 119 108 108 111
Core Inflation Rate (%) 0.98 2.2 2 1.5 1.5 2
GDP Deflator (points) 163.58 167 169 169 169 175
Export Prices (points) 108.40 110 110 115 115 115
Import Prices (points) 106.80 108 108 110 110 110
Inflation Rate Mom (%) 0.25 0.5 0.3 0.3 0.3 0.3
CPI Transportation (points) 102.31 92.81 85.1 101 103 88.08
Food Inflation (%) 5.09 4.5 4.5 2.5 2.5 3
Producer Prices (points) 103.39 110 105 104 104 104

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 4.00 4 4.25 4.25 4.5 4.75
Interbank Rate (%) 1.57 1.57 1.82 1.82 2.07 2.07
Money Supply M0 (VND Billion) 1280888.00 1418723 1418723 1528454 1528454 1528454
Money Supply M1 (VND Billion) 2627819.00 2908079 2908079 3072013 3072013 3072013
Money Supply M2 (VND Billion) 11485845.00 13044221 13044221 14315724 14315724 14315724
Foreign Exchange Reserves (USD Million) 101261.20 105074 109254 113435 113435 125975
Deposit Interest Rate (%) 4.12 4.12 4.12 4.37 4.37 4.62

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Billion) -1.30 2.1 1600 0.8 0.8 1.8
Current Account (USD Million) 350.00 2650 2650 1500 1500 2730
Current Account to GDP (% of GDP) 5.00 1.5 1.5 1 1 1
Imports (USD Billion) 27.50 23.3 22.5 23.1 23.1 23.6
Exports (USD Billion) 26.20 25.4 23.6 23.9 23.9 25.4
External Debt (USD Million) 108118.10 130000 130000 110000 110000 110000
Foreign Direct Investment (USD Billion) 11.58 15 22 5 9 25
Capital Flows (USD Million) 5284.00 2000 1500 1100 1100 1500
Crude Oil Production (BBL/D/1K) 184.00 210 210 210 210 200
Tourist Arrivals (Thousand) 9.30 450 650 900 900 1100

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 46.70 47 47 47 47 46
Government Budget (% of GDP) -5.80 -5 -5 -4.5 -4.5 -4.5
Government Budget Value (VND Billion) -280105.00 -241029 -241029 -239474 -239474 -239474
Government Spending (VND Billion) 422452.00 407603 449911 449066 443575 479156
Government Revenues (VND Billion) 1507845.00 1700746 1700746 1804401 1804401 1804401
Fiscal Expenditure (VND Billion) 1787950.00 1994895 1994895 2118237 2118237 2118237
Military Expenditure (USD Million) 5603.00 5500 5500 5500 5500 5600

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 32.00 32 32 32 32 32
Social Security Rate For Companies (%) 21.50 21.5 21.5 21.5 21.5 21.5
Social Security Rate For Employees (%) 10.50 10.5 10.5 10.5 10.5 10.5

Business Actual Q3 Q4 Q1 Q2 2022
Manufacturing PMI (points) 40.20 55 53 53 51 53
Industrial Production (%) -7.40 6.5 6.5 5.5 5.5 6.9
Manufacturing Production (%) 2.90 9.5 9.8 5.5 5.5 8.7
Changes in Inventories (VND Billion) 166647.00 159000 159000 160000 160000 160000
Car Registrations 14457.00 27000 27000 29500 29500 32500
Electricity Production (Gigawatt-hour) 20990.00 21000 21500 21500 21500 21500
Mining Production (%) -8.00 4.5 3.5 2.5 2.5 4

Consumer Actual Q3 Q4 Q1 Q2 2022
Retail Sales Yoy (%) -33.70 7.7 7.7 3.5 5.5 5
Consumer Spending (VND Billion) 4270222.00 4300370 4547786 4539246 4483733 4843393
Consumer Confidence (points) 117.00 123 120 121 121 120
Gasoline Prices (USD/Liter) 0.87 0.83 0.79 0.75 0.71 0.67
Retail Sales Mom (%) -3.20 0.5 0.5 1.5 1.5 2.3


This page has economic forecasts for Vietnam including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Vietnam economy.