Markets Actual Q2 Q3 Q4 Q1 2023
Currency 23210.00 23160 23160 23160 23160 23160
Stock Market (points) 1233.38 1198 1157 1117 1079 1006
Government Bond 10y (%) 3.24 3.31 3.38 3.45 3.52 3.66

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 5.03 3 11.3 6.4 6.1 6.3
Unemployment Rate (%) 2.46 3.1 2.8 2.5 2.4 2.5
Inflation Rate (%) 2.64 2.7 3 2.7 2.6 2.5
Interest Rate (%) 4.00 4.5 4.5 4.75 4.75 4.75
Balance of Trade (USD Billion) 0.85 0.8 0.8 1.8 1.8 1.8
Current Account (USD Million) 3998.00 1500 4800 4800 4800 2730
Current Account to GDP (% of GDP) 5.00 1 1 1 1 0.5
Government Debt to GDP (% of GDP) 46.70 47 47 46 46 46
Government Budget (% of GDP) -5.80 -4.5 -4.5 -4.5 -4.5 -4
Manufacturing PMI (points) 51.70 50 50 52 52 51
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 5.03 3 11.3 6.4 6.1 6.3
GDP (USD Billion) 271.16 310 310 310 310 340
GDP Constant Prices (VND Billion) 1255312.00 2516483 4055552 5443217 1331886 5786139
Gross National Product (VND Billion) 5930690.00 6256878 6108611 6600858 6286531 6682583
Gross Fixed Capital Formation (VND Billion) 1533217.00 1617544 1579214 1706471 1625210 1727598
GDP per capita (USD) 2655.77 2070 2070 2070 2070 2070
GDP per capita PPP (USD) 8200.33 7800 7800 8200 8200 8200
GDP From Agriculture (VND Billion) 130990.00 272958 468447 615372 138980 654140
GDP From Construction (VND Billion) 68401.00 151046 254407 360818 72573 383550
GDP From Manufacturing (VND Billion) 304815.00 608814 971424 1295690 323409 1377319
GDP From Mining (VND Billion) 37038.00 77040 125832 164902 39297 175291
GDP From Public Administration (VND Billion) 21067.00 48655 80907 114867 22352 122104
GDP From Services (VND Billion) 535754.00 1058355 1678984 2284336 568435 2428249
GDP From Transport (VND Billion) 69373.00 128736 200367 272476 73605 289641
GDP From Utilities (VND Billion) 7527.00 14133 23137 30340 7986 32251

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 2.46 3.1 2.8 2.5 2.4 2.5
Employed Persons (Million ) 53.37 54 54 55 55 55
Unemployed Persons (Million ) 1.20 1.3 1.3 1.2 1.2 1.2
Minimum Wages (VND Thousand/Month) 4420.00 4650 4650 4650 4650 4650
Population (Million) 97.58 99.7 99.7 99.7 99.7 99.7
Labor Force Participation Rate (%) 67.70 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) 6400.00 7500 7500 7340 7340 7550
Wages In Manufacturing (VND Thousand/Month) 7139.00 7400 7400 7250 7250 7500
Youth Unemployment Rate (%) 8.78 7 7 7 7 7

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 2.64 2.7 3 2.7 2.6 2.5
Consumer Price Index CPI (points) 107.28 108 108 108 110 111
Core Inflation Rate (%) 1.47 1.5 1.5 2 2 2
GDP Deflator (points) 163.58 168 168 168 168 172
Export Prices (points) 107.00 115 115 115 115 115
Import Prices (points) 103.60 110 110 110 110 110
Inflation Rate Mom (%) 0.18 0.3 0.1 0 0.5 0.3
Food Inflation (%) 2.05 2.5 2.5 2.5 2.5 3
CPI Transportation (points) 114.49 115 115 115 116 116
Producer Prices (points) 104.39 104 104 104 104 104

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 4.00 4.5 4.5 4.75 4.75 4.75
Interbank Rate (%) 2.48 2.98 2.98 3.23 3.23 3.23
Money Supply M0 (VND Billion) 1280888.00 1528454 1528454 1528454 1528454 1627189
Money Supply M1 (VND Billion) 2627819.00 3072013 3072013 3072013 3072013 3143979
Money Supply M2 (VND Billion) 11485845.00 14315724 14315724 14315724 14315724 15179361
Foreign Exchange Reserves (USD Million) 108975.50 113435 113435 125975 125975 142741
Deposit Interest Rate (%) 3.38 3.88 3.88 4.13 4.13 4.13

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (USD Billion) 0.85 0.8 0.8 1.8 1.8 1.8
Current Account (USD Million) 3998.00 1500 4800 4800 4800 2730
Current Account to GDP (% of GDP) 5.00 1 1 1 1 0.5
Imports (USD Billion) 32.47 23.1 23.1 23.6 23.6 23.6
Exports (USD Billion) 33.32 23.9 23.9 25.4 25.4 25.4
External Debt (USD Million) 130119.00 110000 110000 110000 110000 110000
Foreign Direct Investment (USD Billion) 5.92 9 9 25 25 25
Capital Flows (USD Million) 6921.00 1100 1100 1500 1500 1500
Crude Oil Production (BBL/D/1K) 183.00 180 170 166 160 160
Tourist Arrivals (Thousand) 101.37 28 35 355 355 650

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 46.70 47 47 46 46 46
Government Budget (% of GDP) -5.80 -4.5 -4.5 -4.5 -4.5 -4
Government Budget Value (VND Billion) -280105.00 -239474 -239474 -239474 -239474 -239474
Government Spending (VND Billion) 422452.00 445687 435126 470189 447799 476010
Government Revenues (VND Billion) 1507845.00 1804401 1804401 1804401 1804401 1804401
Fiscal Expenditure (VND Billion) 1787950.00 2118237 2118237 2118237 2118237 2118237
Military Expenditure (USD Million) 5603.00 5500 5500 5600 5600 5600

Taxes Actual Q2 Q3 Q4 Q1 2023
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 Q2 Q3 Q4 Q1 2023
Manufacturing PMI (points) 51.70 50 50 52 52 51
Industrial Production (%) 9.40 3.1 5.5 5.5 5.5 6.9
Manufacturing Production (%) 9.60 5.5 5.5 8.7 8.7 8.7
Changes in Inventories (VND Billion) 166647.00 160000 160000 160000 160000 160000
Car Registrations 38134.00 29500 29500 32500 32500 32500
Electricity Production (Gigawatt-hour) 21600.00 21500 21500 21500 21500 21500
Mining Production (%) 2.70 2.5 2.5 4 4 4

Consumer Actual Q2 Q3 Q4 Q1 2023
Retail Sales Yoy (%) 12.10 5.5 5.5 5 5 5
Consumer Spending (VND Billion) 4270222.00 4505084 4398329 4752757 4526435 4811601
Gasoline Prices (USD/Liter) 1.18 1.22 1.26 1.31 1.35 1.35
Consumer Confidence (points) 113.00 121 121 121 121 120


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Vietnam Forecast - was last updated on Tuesday, May 24, 2022.