Markets Actual Q3 Q4 Q1 Q2 2021
Currency 23174.00 23173 23173 23173 23173 23173
Stock Market (points) 843.08 827 811 795 780 749
Government Bond 10y (%) 2.88 2.9 2.94 2.97 3.01 3.08

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 0.36 2.5 4.4 6.5 8.5 6.5
Unemployment Rate (%) 2.73 3 3.2 3.5 3.3 3.2
Inflation Rate (%) 3.39 4.1 4 3.4 6.5 5
Interest Rate (%) 4.50 4 4 4 4 4.25
Balance of Trade (USD Billion) 1.00 0.6 1.5 1 2.1 1.1
Current Account (USD Million) 4153.00 1900 2300 2700 2500 2730
Current Account to GDP (%) 5.00 -0.5 -0.5 1 1 1
Government Debt to GDP (%) 57.50 62 62 67 67 67
Government Budget (% of GDP) -4.40 -7.5 -7.5 -7 -7 -7
Manufacturing PMI (points) 47.60 51 51 52 51 50.9
Corporate Tax Rate (%) 20.00 20 20 17 17 17
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 0.36 2.5 4.4 6.5 8.5 6.5
GDP (USD Billion) 261.92 210 210 250 250 250
GDP Constant Prices (VND Billion) 1594140.00 2554515 3848198 753192 767337 4098330
Gross National Product (VND Billion) 5154552.00 5218984 5305735 5489598 5592689 5650608
Gross Fixed Capital Formation (VND Billion) 1321905.90 1338430 1360677 1407830 1434268 1449121
GDP per capita (USD) 2082.20 1990 1990 2030 2030 2030
GDP per capita PPP (USD) 8041.20 7400 7400 7800 7800 7800
GDP From Agriculture (VND Billion) 230920.00 357107 525609 77112 78561 559773
GDP From Construction (VND Billion) 89659.00 150753 252073 38166 38883 268457
GDP From Manufacturing (VND Billion) 321343.00 501866 733343 156718 159661 781010
GDP From Mining (VND Billion) 84385.00 136325 216637 40242 40998 230718
GDP From Public Administration (VND Billion) 45309.00 66737 100994 20949 21342 107558
GDP From Services (VND Billion) 599315.00 989477 1496313 304552 310271 1593574
GDP From Transport (VND Billion) 45283.00 76413 114959 22871 23300 122431
GDP From Utilities (VND Billion) 10207.00 15991 22813 4993 5086 24296

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 2.73 3 3.2 3.5 3.3 3.2
Employed Persons (Million ) 53.15 53.2 53 53.5 54 54
Unemployed Persons (Million ) 1.10 1.2 1.3 1.3 1.3 1.3
Minimum Wages (VND Thousand/Month) 4420.00 4420 4420 4650 4650 4650
Population (Million) 96.48 97.6 97.6 98.7 98.7 98.7
Labor Force Participation Rate (%) 76.60 76.6 76.6 77.8 77.8 77.8
Wages (VND Thousand/Month) 5981.00 5900 6000 6400 6400 6200
Wages In Manufacturing (VND Thousand/Month) 5874.00 5800 5900 6400 6400 6100
Youth Unemployment Rate (%) 6.98 7.3 7.5 7.5 7.2 7
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 3.39 4.1 4 3.4 6.5 5
Consumer Price Index CPI (points) 116.43 118 121 121 124 127
Core Inflation Rate (%) 2.31 1.6 1.7 1.7 1.7 1.7
GDP Deflator (points) 158.65 165 165 164 169 173
Export Prices (points) 113.30 107 107 107 107 107
Import Prices (points) 111.20 108 108 108 108 108
Inflation Rate Mom (%) 0.40 0.4 0.4 0.3 0.3 0.3
CPI Transportation (points) 80.62 95.99 96.72 89.8 82.63 102
Food Inflation (%) 5.08 1.9 3 2.5 2.5 3
Producer Prices (points) 98.31 103 106 106 106 104

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.50 4 4 4 4 4.25
Money Supply M0 (VND Billion) 1085018.14 925000 925000 925000 925000 925000
Money Supply M1 (VND Billion) 2174032.77 2550000 2550000 2550000 2550000 2550000
Interbank Rate (%) 1.76 1.55 1.55 1.55 1.55 1.8
Money Supply M2 (VND Billion) 9211848.05 9150000 9150000 9150000 9150000 9150000
Foreign Exchange Reserves (USD Million) 82842.80 78505 81172 83840 83840 91841
Deposit Interest Rate (%) 4.98 4.48 4.48 4.48 4.48 4.73

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Billion) 1.00 0.6 1.5 1 2.1 1.1
Current Account (USD Million) 4153.00 1900 2300 2700 2500 2730
Current Account to GDP (%) 5.00 -0.5 -0.5 1 1 1
Imports (USD Billion) 22.00 17.9 19.1 21.6 20.4 21.5
Exports (USD Billion) 23.00 18.5 20.6 22.6 22.5 22.6
External Debt (USD Million) 108118.10 150000 150000 150000 150000 160000
Foreign Direct Investment (USD Billion) 10.12 15.1 22.5 22.5 22.5 27
Capital Flows (USD Million) 835.00 2500 700 700 700 700
Crude Oil Production (BBL/D/1K) 201.00 260 280 280 280 280
Tourist Arrivals (Thousand) 13.90 550 1800 1400 1400 1950

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 57.50 62 62 67 67 67
Government Budget (% of GDP) -4.40 -7.5 -7.5 -7 -7 -7
Government Budget Value (VND Billion) -191500.00 -120000 -120000 -120000 -120000 -120000
Government Spending (VND Billion) 358592.00 363074 369110 381900 389072 393102
Government Revenues (VND Billion) 1424914.00 1450000 1450000 1450000 1450000 1450000
Fiscal Expenditure (VND Billion) 1616414.00 1570000 1570000 1570000 1570000 1570000
Military Expenditure (USD Million) 5451.00 5800 5800 5800 5800 5800

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 20.00 20 20 17 17 17
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 2021
Manufacturing PMI (points) 47.60 51 51 52 51 50.9
Industrial Production (%) 1.10 9.5 6.9 6.9 6.9 6.9
Manufacturing Production (%) 10.30 10.5 9.6 9.6 9.6 9.8
Changes in Inventories (VND Billion) 148644.00 159000 159000 159000 159000 159000
Car Registrations 23324.00 26000 31200 31200 31200 31200
Electricity Production (Gigawatt-hour) 21700.00 19500 20500 20500 20500 21500
Mining Production (%) -8.90 3.5 3.3 3.3 3.3 3.3

Consumer Actual Q3 Q4 Q1 Q2 2021
Retail Sales Yoy (%) 4.30 11.5 10.6 10.6 10.6 10.6
Consumer Spending (VND Billion) 3745063.00 3791876 3854906 3988492 4063393 4105475
Consumer Confidence (points) 117.00 115 116 116 116 120
Gasoline Prices (USD/Liter) 0.62 0.58 0.55 0.52 0.5 0.47
Retail Sales Mom (%) 18.50 0.6 2.3 2.3 2.3 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.