Vietnam's economic indicators - Oct 7
HANOI, Oct 7 (Reuters) -Starting from August, Vietnam's General Statistics Office changed its economic data schedule to release figures on the 6th day of the month following the period covered by the data releases. nL4N3KG075
For a more comprehensive guide to Vietnam's economic indicators updated in real-time, please type [VNM EOV] in the search box to get to the Vietnam Economic Overview.
CURRENCY/INTEREST RATES
SOURCE: Data from banks, stock exchange on LSEG
Oct 7, 2024 | Sept 6, 2024 | July 30, 2024 | July 1, 2024 | May 30, 2024 | May 3, 2024 | March 29, 2024 | March 1, 2024 | Jan 29, 2024 | Dec 29, 2023 | Nov 30, 2023 | Nov 2, 2023 | Sept 29, 2023 | Aug 29, 2023 | Aug 2, 2023 | June 29, 2023 | May 29, 2023 | May 4, 2023 | March 29, 2023 | Feb 28, 2023 | Jan 31, 2023 | Dec 29, 2022 | Nov 29, 2022 | Oct 31, 2022 | Sept 29, 2022 | Aug 29, 2022 | July 29, 2022 | June 29, 2022 | May 30, 2022 | May 4, 2022 | March 29, 2022 | Feb 28, 2022 | Feb 7, 2022 | Dec 29, 2021 | Nov 29, 2021 | Nov 1, 2021 | Dec 28, 2020 | Dec 27, 2019 | Dec 27, 2018 | ||
Dollar/dong VND=VN | 24,835 | 24,615 | 25,265 | 25,445 | 25,454 | 25,410 | 24,806 | 24,645 | 24,565 | 24,255 | 24,260 | 24,570 | 24,290 | 24,170 | 23,715 | 23,543 | 23,465 | 23,445 | 23,485 | 23,770 | 23,445 | 23,660 | 24,720 | 24,845 | 23,810 | 23,406 | 23,355 | 23,267 | 23,176 | 22,972 | 22,873 | 22,825 | 22,670 | 22,840 | 22,680 | 22,750 | 23,125 | 23,173 | 23,227 | |
The VN Index .VNI | 1,269 | 1,264 | 1,245 | 1,253 | 1,261 | 1,221 | 1,284 | 1,253 | 1,179 | 1,134 | 1,101 | 1,055 | 1,157 | 1,200 | 1,218 | 1,135 | 1,072 | 1,049 | 1,053 | 1,028 | 1,101 | 1,016 | 1,032 | 1,027 | 1,126 | 1,252 | 1,214 | 1,211 | 1,293 | 1,360 | 1,490 | 1,495 | 1,499 | 1,493 | 1,479 | 1,449 | 1,094 | 961.54 | 900.81 |
SOURCE: State Bank of Vietnam (SBV)
2023 | 2022 | 2020 | 2019 | 2017 | 2014 | 2013 | ||||||||||
DONG | June 19 | May 25 | April 3 | March 15 | Oct 24 | Sept 22 | Oct 1 | May 12 | March 13 | Sept 13 | July 10 | Oct 29 | March 18 | June 28 | May 13 | May 26 |
Discount rate | 3.0 | 3.5 | 4.0 | 4.0 | 4.5 | 3.5 | 2.5 | 3.0 | 3.5 | 4.0 | 4.25 | 4.5 | 4.5 | 5.0 | 5.0 | 6.0 |
Refinance rate | 4.5 | 5.0 | 5.5 | 6.0 | 6.0 | 5.0 | 4.0 | 4.5 | 5.0 | 6.0 | 6.25 | 6.5 | 6.5 | 7.0 | 7.0 | 8.0 |
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GDP GROWTH, pct, y/y
SOURCE: General Statistics Office (GSO)
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
5.05 | 8.02 | 2.58 | 2.91 | 7.02 | 7.08 | 6.81 | 6.21 | 6.68 | 5.98 | 5.42 | 5.25 |
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |||||||||||||||||||||
Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 |
7.40 | 7.09 | 5.87 | 6.72 | 5.47 | 4.05 | 3.72 | 5.92 | 13.71 | 7.72 | 5.05 | 5.22 | -6.17 | 6.61 | 4.65 | 4.48 | 2.69 | 0.39 | 3.68 | 6.97 | 7.48 | 6.71 | 6.82 | 7.31 | 6.82 | 6.73 | 7.45 | |
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INFLATION, pct
SOURCE: GSO
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
3.25 | 3.15 | 1.84 | 3.23 | 2.79 | 3.54 | 3.53 | 2.66 | 0.63 | 4.09 | 6.6 | 9.21 | 18.58 | 9.19 | 6.88 | 22.97 | 8.3 |
2024 | |||||||||||||||
Dec | Nov | Oct | Sept | Aug | July | June | May | April | March | Feb | Jan | Dec 2023 | Dec 2022 | Dec 2021 | |
y/y | 2.63 | 3.45 | 4.36 | 4.34 | 4.44 | 4.4 | 3.97 | 3.98 | 3.37 | 3.58 | 4.55 | 1.81 | |||
m/m | 0.29 | 0.00 | 0.48 | 0.17 | 0.05 | 0.07 | -0.23 | 1.04 | 0.31 | 0.12 | -0.01 | -0.18 | |||
2024 | |||||||||||||||
Core inflation | Dec | Nov | Oct | Sept | Aug | July | June | May | April | March | Feb | Jan | Dec 2023 | Dec 2022 | Dec 2021 |
y/y | 2.54 | 2.53 | 2.61 | 2.61 | 2.68 | 2.79 | 2.76 | 2.96 | 2.72 | 2.98 | 4.99 | 0.67 | |||
m/m | 0.27 | 0.24 | 0.36 | 0.18 | 0.15 | 0.17 | 0.03 | 0.49 | 0.21 | 0.17 | 0.33 | 0.16 | |||
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LATEST FORECASTS/TARGETS
World Bank forecasts Vietnam 2024 GDP growth at 6.1%, warns on bad loans nP8N3JZ0ME
HSBC raises Vietnam 2024 GDP growth forecast to 6.5% nL4N3J40GC
GDP Growth | 2025 | 2024 |
Govt/GSO | 7.0 | |
ADB | 6.2 | 6.0 |
IMF | 6.1 | |
World Bank | 6.5 | 6.1 |
Standard Chartered | ||
Fitch Ratings | ||
HSBC | 6.5 | 6.5 |
Annual inflation | 2024 |
Govt/GSO | 4-4.5 |
IMF | |
ADB | 4 |
World Bank | 3 |
-----------------------------
Vietnam c.bank stands ready to intervene to stabilise exchange rate nL3N3GD0BY
CURRENT ACCOUNT BALANCE/GDP, pct | 2020 | 2019 | 2018 |
ADB | 2.0 | 2.3 | |
IMF | 2.0 | 2.3 | |
World Bank | 1.9 | 2.1 | 2.2 |
OVERSEAS REMITTANCES, $ bln | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
World Bank/SBV | 16 | 19 | 18.1 | 17.2 | 17 | 15.9 | 15 | 14 | 13 | 12.0 | 11.0 |
FOREIGN RESERVES, $ bln | April 2024 | Dec 2021 | Sept 2020 | Apr 2020 | Dec 2019 | Oct 2019 | June 2019 | June 2018 | March 1, 2018 | Feb. 8, 2018 | 2017 | 2016 | 2015 | 2014 |
Govt/cbank | >100 | 100 | 92 | 84 | 80 | 73 | 68 | 63.5 | 60.0 | 57.0 | 52.0 | 41.0 | 40.0 | 36.0 |
IMF (- gold) | 39.9 | 33.7 | 28.4 | 34.3 |
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RETAILS SALES GROWTH, pct, y/y
SOURCE: GSO
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
9.6 | 19.8 | -3.8 | 2.6 | 11.8 | 11.7 | 10.9 | 10.2 | 9.8 | 10.6 | 12.6 | 16.0 | 24.2 | 24.5 | 18.6 | 31.0 | 23.3 |
Jan-Sept 2024 | |
y/y growth | 8.8 |
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TRADE ACCOUNT, in billions of dollars
SOURCE: Vietnam Customs & GSO
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
EXP | 355.5 | 371.850 | 336.250 | 281.471 | 263.45 | 244.72 | 215.1 | 176.6 | 162.0 | 150.2 | 132.0329 | 114.5 | 96.9 | 72.2 | 57.1 |
IMP | 327.5 | 360.650 | 332.250 | 262.407 | 253.51 | 237.51 | 213.0 | 174.8 | 165.6 | 147.8 | 132.0326 | 113.8 | 106.7 | 84.8 | 69.9 |
BAL | 28 | 11.2 | 4.0 | 19.06 | 9.94 | 7.21 | 2.1 | 1.8 | -3.5 | 2.37 | 0.0003 | 0.7 | -9.84 | -12.6 | -12.9 |
Sept 2024 | Jan-Sept 2024 | |
EXP | 34.05 | 299.625 |
IMP | 31.758 | 278.842 |
BAL | 2.292 | 20.783 |
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INDUSTRIAL GROWTH, pct, y/y
SOURCE: GSO
IIP: Index of industrial production
2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
IIP growth, pct, y/y | 1.5 | 4.8 | 3.4 | 9.1 | 10.2 | 9.4 | 7.5 | 9.8 |
Sept 2024 | Jan-Sept 2024 | |
IIP growth, pct, y/y | 10.8 | 8.6 |
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MONEY SUPPLY AND MONEY SUPPLY GROWTH (from end last year), pct
SOURCE: State Bank of Vietnam (SBV) and General Statistics Office (GSO)
SBV/GSO | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
MONEY SUPPLY, pct | 12.5 | 14.19 | 18.38 | 16.23 | 17.69 | 18.85 | 18.46 |
SBV/GSO | 2020 | 2019 | 2018 | |||||||||||
Oct 7 | June 21 | April 16 | Dec 24 | Sept 15 | June 5 | Sept 24 | Mar 25 | *Dec | *Nov | Aug | June | May | April | |
MONEY SUPPLY (trln dong) | 9,062 | 8,888 | 8,880 | 8,758 | 8,661 | |||||||||
MONEY SUPPLY GROWTH, pct | 11.56 | 3.96 | 2.9 | 12.83 | 7.58 | 3.4 | 8.58 | 2.67 | 11.34 | 10.61 | 8.49 | 8.39 | 6.9 | 5.72 |
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MONTHLY CREDIT & CREDIT GROWTH (from end of previous year), pct
SOURCE: State Bank of Vietnam (SBV) and General Statistics Office (GSO)
2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
ANNUAL CREDIT GROWTH, pct | 12.68 | 14.0 | 18.17 | 18.25 | 17.26 | 14.16 | 12.52 | 8.85 |
SBV/GSO | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |||||||||||||||||||||||
Sept 27 | Aug 26 | June 30 | March 25 | End 2023 | Nov 22 | June 15 | March 30 | Dec 27 | Nov 23 | Sept 16 | June 15 | April 25 | Dec 28 | Oct 7 | June 21 | Dec 24 | Sept 16 | June 5 | June | Mar 20 | *Dec | *July | June | May | April | |||||
CREDIT VALUE (trln dong) | 6,842 | 6,827 | 6,723 | 6,654 | ||||||||||||||||||||||||||
CREDIT GROWTH YTD, pct | 8.53 | 6.63 | 6 | 0.26 | 13.5 | 8.21 | 3.36 | 2.06 | 12.87 | 11.5 | 10.47 | 8.15 | 6.75 | 12.68 | 5.48 | 5.1 | 10.14 | 4.81 | 1.96 | 6.22 | 1.9 | 13.3 | 8.1 | 7.86 | 6.22 | 5.13 | ||||
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DEPOSIT GROWTH from end last year, pct
SOURCE: SBV
SBV | 2016 | 2015 | 2014 | 2013 |
DEPOSIT GROWTH, pct | 17.71 | 14.31 | 19.39 | 22.95 |
SBV/GSO | 2023 | 2022 | 2018 | 2017 |
Sept | Sept | *Nov | Dec | |
DEPOSIT VALUE (trln dong) | 15,026 | 13,832.4 | 7,611 | 6,841 |
DEPOSIT GROWTH YTD, pct | 5.62 | 3.21 | 11.3 | 14.04 |
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BAD DEBT OUT OF TOTAL LOANS, pct
SOURCES: SBV, Government
March 2019 | *Dec '18 | *Sept '18 | June '18 | March '18 | |
Bad debt ratio, pct | 2.02 | 1.89 | 2.13 | 2.09 | 2.18 |
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FOREIGN DIRECT INVESTMENT
SOURCE: Ministry of Planning and Investment (MPI)
NOTE: PLEDGES include new projects, increased capital and stake acquisition
FDI, $ bln | Jan-Sept 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
PLEDGES | 24 | 36.6 | 27.72 | 31.15 | 28.5 | 38.02 | 35.46 | 44.4 | 24.37 | 22.76 | 20.23 |
INFLOWS | 17.3 | 23.18 | 22.4 | 19.74 | 20 | 20.38 | 19.1 | 17.5 | 15.8 | 14.5 | 12.5 |
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POPULATION (millions)
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
100.3 | 99.46 | 98.51 | 97.58 | 96.2 | 94.67 | 93.7 | 92.7 | 91.7 | 90.7 | 89.7 | 88.8 | 87.9 | 86.9 | 86.0 | 86.2 | 85.2 | 84.2 |
Source: General Statistics Office
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UNEMPLOYMENT, pct
Q3, 2024 | Q2, 2024 | Q1, 2024 | Q4, 2023 | Q3, 2023 | Q2, 2023 | Q1, 2023 | Q4, 2022 | Q3,2022 | Q2,2022 | Q1, 2022 | Q4, 2021 |
2.24 | 2.29 | 2.24 | 2.26 | 2.3 | 2.30 | 2.25 | 2.32 | 2.28 | 2.32 | 2.46 | 3.56 |
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
2.26 | 2.32 | 3.22 | 2.26 | 1.98 | 2.0 | 2.24 | 2.3 | 2.33 | 2.1 | 2.2 | 1.96 | 2.22 | 2.88 | 2.9 | 2.38 |
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RATINGS
Long-term | Short-term | Outlook | ||
Moody's | Sept 2022 | Ba2 | Stable | |
Fitch | June 2024 | BB+ | Stable | |
S&P | June 2023 | BB+/B | Stable |
Reporting by Phuong Nguyen
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