Markets Actual Q4 Q1 Q2 Q3 2022
Currency 22668.00 22657 22657 22657 22657 22657
Stock Market (points) 1447.25 1401 1352 1305 1259 1172
Government Bond 10y (%) 1.99 2.04 2.08 2.12 2.16 2.25

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -6.17 3.5 2.3 3 3.2 3.5
Unemployment Rate (%) 3.72 3.2 2.9 2.9 2.8 3.3
Inflation Rate (%) 1.77 2 2.2 2.8 3.3 3.5
Interest Rate (%) 4.00 4.25 4.25 4.5 4.5 4.75
Balance of Trade (USD Billion) 1.10 1.1 0.8 0.8 0.8 1.8
Current Account (USD Million) -4596.00 2650 1500 1500 4800 2730
Current Account to GDP (% of GDP) 5.00 1.5 1 1 1 1
Government Debt to GDP (% of GDP) 46.70 47 47 47 47 46
Government Budget (% of GDP) -5.80 -5 -4.5 -4.5 -4.5 -4.5
Manufacturing PMI (points) 52.10 45 47 50 51 52
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -6.17 3.5 2.3 3 3.2 3.5
GDP (USD Billion) 271.16 290 310 310 310 310
GDP Constant Prices (VND Billion) 3643802.00 4009339 1216568 2516483 3760404 4121198
Gross National Product (VND Billion) 5930690.00 5468694 6138264 6067096 6108611 6353103
Gross Fixed Capital Formation (VND Billion) 1533217.00 1366296 1586880 1568481 1579214 1642420
GDP per capita (USD) 2655.77 2030 2070 2070 2070 2070
GDP per capita PPP (USD) 8200.33 7800 7800 7800 7800 8200
GDP From Agriculture (VND Billion) 420887.00 574496 128397 272958 434355 561671
GDP From Construction (VND Billion) 228578.00 257615 67466 151046 235892 280066
GDP From Manufacturing (VND Billion) 872798.00 734719 286936 608814 900728 807639
GDP From Mining (VND Billion) 113057.00 238472 41959 77040 116675 212784
GDP From Public Administration (VND Billion) 72693.00 108130 20941 48655 75019 111704
GDP From Services (VND Billion) 1508521.00 1554886 520397 1058355 1556794 1593582
GDP From Transport (VND Billion) 180024.00 117465 68811 128736 185785 117388
GDP From Utilities (VND Billion) 20788.00 23613 6433 14133 21453 25050

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 3.72 3.2 2.9 2.9 2.8 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 4650 4650 4650 4650
Population (Million) 97.58 98.7 99.7 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) 7205.00 7150 7500 7500 7500 7340
Wages In Manufacturing (VND Thousand/Month) 7139.00 6950 7400 7400 7400 7250
Youth Unemployment Rate (%) 7.47 7 7 7 7 7

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 1.77 2 2.2 2.8 3.3 3.5
Consumer Price Index CPI (points) 104.93 119 107 108 109 109
Core Inflation Rate (%) 0.50 2 1.5 1.5 1.5 2
GDP Deflator (points) 163.58 167 167 168 169 173
Export Prices (points) 107.00 110 115 115 115 115
Import Prices (points) 103.60 108 110 110 110 110
Inflation Rate Mom (%) -0.20 0.3 0.3 0.3 0.3 0.3
CPI Transportation (points) 104.71 105 105 106 106 106
Food Inflation (%) 4.31 4.5 2.5 2.5 2.5 3
Producer Prices (points) 103.71 105 104 104 104 104

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 4.00 4.25 4.25 4.5 4.5 4.75
Interbank Rate (%) 1.55 1.8 1.8 2.05 2.05 2.3
Money Supply M0 (VND Billion) 1280888.00 1418723 1528454 1528454 1528454 1528454
Money Supply M1 (VND Billion) 2627819.00 2908079 3072013 3072013 3072013 3072013
Money Supply M2 (VND Billion) 11485845.00 13044221 14315724 14315724 14315724 14315724
Foreign Exchange Reserves (USD Million) 104967.50 109254 113435 113435 113435 125975
Deposit Interest Rate (%) 4.12 4.12 4.37 4.37 4.62 4.87

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Billion) 1.10 1.1 0.8 0.8 0.8 1.8
Current Account (USD Million) -4596.00 2650 1500 1500 4800 2730
Current Account to GDP (% of GDP) 5.00 1.5 1 1 1 1
Imports (USD Billion) 26.20 22.5 23.1 23.1 23.1 23.6
Exports (USD Billion) 27.30 23.6 23.9 23.9 23.9 25.4
External Debt (USD Million) 108118.10 130000 110000 110000 110000 110000
Foreign Direct Investment (USD Billion) 15.15 22 5 9 9 25
Capital Flows (USD Million) 10844.00 1500 1100 1100 1100 1500
Crude Oil Production (BBL/D/1K) 181.00 190 195 180 190 200
Tourist Arrivals (Thousand) 10.56 650 900 900 900 1100

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 46.70 47 47 47 47 46
Government Budget (% of GDP) -5.80 -5 -4.5 -4.5 -4.5 -4.5
Government Budget Value (VND Billion) -280105.00 -241029 -239474 -239474 -239474 -239474
Government Spending (VND Billion) 422452.00 373922 437238 432168 435126 452541
Government Revenues (VND Billion) 1507845.00 1700746 1804401 1804401 1804401 1804401
Fiscal Expenditure (VND Billion) 1787950.00 1994895 2118237 2118237 2118237 2118237
Military Expenditure (USD Million) 5603.00 5500 5500 5500 5500 5600

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Manufacturing PMI (points) 52.10 45 47 50 51 52
Industrial Production (%) -1.60 -9.9 5.5 5.5 5.5 6.9
Manufacturing Production (%) 2.90 9.8 5.5 5.5 5.5 8.7
Changes in Inventories (VND Billion) 166647.00 159000 160000 160000 160000 160000
Car Registrations 27149.00 27000 29500 29500 29500 32500
Electricity Production (Gigawatt-hour) 20100.00 21500 21500 21500 21500 21500
Mining Production (%) -8.00 3.5 2.5 2.5 2.5 4

Consumer Actual Q4 Q1 Q2 Q3 2022
Retail Sales Yoy (%) -19.50 -30 3.5 5.5 5.5 5
Consumer Spending (VND Billion) 4270222.00 3908745 4419680 4368437 4398329 4574369
Consumer Confidence (points) 117.00 120 121 121 121 120
Gasoline Prices (USD/Liter) 1.02 0.63 0.92 0.87 0.83 0.79
Retail Sales Mom (%) -3.20 0.5 1.5 1.5 1.5 2.3


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 Monday, November 22, 2021.