Markets Actual Q3 Q4 Q1 Q2 2023
Currency 23670.00 23726 23801 23877 23955 24108
Stock Market (points) 1218.93 1193 1154 1116 1079 1008
Government Bond 10Y (%) 3.94 3.98 4.06 4.14 4.22 4.39

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 7.72 7.2 7 4.8 4.2 5
Unemployment Rate (%) 2.46 2.8 2.5 2.4 2.4 2.5
Inflation Rate (%) 2.89 3 2.7 2.6 2 2.5
Interest Rate (%) 4.00 4.5 4.75 4.75 4.75 4.75
Balance of Trade (USD Billion) 2.42 1.2 1.8 1.8 1.8 1.8
Current Account (USD Million) -1541.00 4800 4800 4800 4800 2730
Current Account to GDP (% of GDP) 3.60 3 3 3 1 0.5
Government Debt to GDP (% of GDP) 46.70 47 46 46 46 46
Government Budget (% of GDP) -3.41 -4.5 -4.5 -4.5 -4.5 -4
Manufacturing PMI (points) 52.70 50 52 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 Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 7.72 7.2 7 4.8 4.2 5
GDP (USD Billion) 362.64 310 310 310 310 340
GDP Constant Prices (VND Billion) 2602382.00 3906156 5473911 1315567 2711682 5747607
Gross National Product (VND Billion) 8025800.00 6357700 8587606 8411038 8362884 9016986
Gross Fixed Capital Formation (VND Billion) 2655168.80 1643609 2841031 2782617 2766686 2983082
GDP per Capita (USD) 3373.08 2070 2070 2070 2070 2070
GDP per Capita PPP (USD) 10516.22 7800 8200 8200 8200 8200
GDP from Agriculture (VND Billion) 272241.00 451191 618842 137278 283675 649784
GDP from Construction (VND Billion) 153351.00 245036 362853 71684 159792 380996
GDP from Manufacturing (VND Billion) 646768.00 935639 1302997 319446 673932 1368147
GDP from Mining (VND Billion) 76502.00 121197 165832 38816 79715 174123
GDP from Public Administration (VND Billion) 48542.00 77927 115515 22078 50581 121291
GDP from Services (VND Billion) 1094980.00 1617135 2297217 561470 1140969 2412078
GDP from Transport (VND Billion) 135144.00 192986 274012 72703 140820 287713
GDP from Utilities (VND Billion) 14587.00 22285 30511 7888 15200 32037

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 2.46 2.8 2.5 2.4 2.4 2.5
Employed Persons (Million ) 50.50 54 55 55 55 55
Unemployed Persons (Million ) 1.20 1.3 1.2 1.2 1.2 1.2
Minimum Wages (VND Thousand/Month) 4680.00 4680 4680 4680 4720 4720
Population (Million) 98.51 99.7 99.7 99.7 99.7 99.7
Retirement Age Men 60.30 60 60 60 60 60
Retirement Age Women 55.40 55 55 55 55 55
Wages (VND Thousand/Month) 7500.00 7500 7340 7340 7340 7550
Wages in Manufacturing (VND Thousand/Month) 7139.00 7400 7250 7250 7250 7500
Youth Unemployment Rate (%) 7.93 7 7 7 7 7
Labor Force Participation Rate (%) 68.10 77 77 77 77 77.8

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 2.89 3 2.7 2.6 2 2.5
Consumer Price Index CPI (points) 108.85 108 108 110 111 111
Core Inflation Rate (%) 1.64 1.5 2 2 2 2
GDP Deflator (points) 164.17 168 169 168 167 173
Export Prices (points) 118.90 115 115 115 115 115
Import Prices (points) 126.70 110 110 110 110 110
Producer Prices (points) 105.11 104 104 104 104 104
Inflation Rate MoM (%) 0.05 0.1 0 0.5 0.5 0.3
Food Inflation (%) 2.31 4 3.5 2.5 2.5 3
CPI Transportation (points) 111.46 112 112 112 113 113

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 4.00 4.5 4.75 4.75 4.75 4.75
Money Supply M0 (VND Billion) 1519726.00 1528454 1528454 1528454 1528454 1627189
Money Supply M1 (VND Billion) 3528607.00 3072013 3072013 3072013 3072013 3143979
Interbank Rate (%) 5.65 6.15 6.4 6.4 6.4 6.4
Money Supply M2 (VND Billion) 13402097.00 14315724 14315724 14315724 14315724 15179361
Foreign Exchange Reserves (USD Million) 101426.30 113435 125975 125975 125975 142741
Deposit Interest Rate (%) 3.38 3.88 3.88 4.13 4.13 4.13

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Billion) 2.42 1.2 1.8 1.8 1.8 1.8
Current Account (USD Million) -1541.00 4800 4800 4800 4800 2730
Current Account to GDP (% of GDP) 3.60 3 3 3 1 0.5
Imports (USD Billion) 30.96 23.1 23.6 23.6 23.6 23.6
Exports (USD Billion) 33.38 23.9 25.4 25.4 25.4 25.4
External Debt (USD Million) 130119.00 110000 110000 110000 110000 110000
Foreign Direct Investment (USD Billion) 12.80 13.7 25 25 25 25
Tourist Arrivals (Thousand) 486.41 35 355 355 355 650
Capital Flows (USD Million) 3504.00 1100 1500 1500 1500 1500
Crude Oil Production (BBL/D/1K) 180.00 170 166 160 160 160

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 46.70 47 46 46 46 46
Government Budget (% of GDP) -3.41 -4.5 -4.5 -4.5 -4.5 -4
Government Budget Value (VND Billion) -286487.00 -239474 -239474 -239474 -239474 -239474
Government Spending (VND Billion) 784651.87 452869 839578 822315 817607 881556
Government Revenues (VND Billion) 1568453.00 1804401 1804401 1804401 1804401 1804401
Fiscal Expenditure (VND Billion) 1854940.00 2118237 2118237 2118237 2118237 2118237
Military Expenditure (USD Million) 5603.00 5500 5600 5600 5600 5600

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2023
Manufacturing PMI (points) 52.70 50 52 52 52 51
Industrial Production (%) 15.60 11 5.5 5.5 5.5 6.9
Manufacturing Production (%) 13.10 5.5 8.7 8.7 8.7 8.7
Changes in Inventories (VND Billion) 148762.62 160000 160000 160000 160000 160000
Car Registrations 26267.00 29500 32500 32500 32500 32500
Mining Production (%) 3.30 2.5 4 4 4 4
Electricity Production (Gigawatt-hour) 23900.00 21500 21500 21500 21500 21500

Consumer Actual Q3 Q4 Q1 Q2 2023
Retail Sales YoY (%) 50.20 29.1 5 5 5 5
Consumer Spending (VND Billion) 4736308.62 4577678 5067850 4963651 4935234 5321243
Gasoline Prices (USD/Liter) 1.00 1.04 1.08 1.12 1.16 1.16
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, September 20, 2022.