AEIR 2017

Driven by higher growth in agriculture and services, GDP expanded at 5.7% in the first half of 2017, marginally higher than in the same period of 2016. Buoyant tourism boosted services expansion while banking and financial services also registered higher growth. Viet Nam’s medium-term forecast remains upbeat. Real GDP growth is expected to increase slightly to 6.3 percent in 2017, driven by strong domestic demand, robust export-oriented manufacturing, and recovery of agricultural production.

Inflationary pressures will remain moderate and current account is expected to remain in surplus. Growth is projected to stabilize at around 6.5 percent in 2018.

Source: Asian Development Outlook 2017 Update, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 1.0 (Feb18)1.0 707.7
Broad Money Growth 2 14.3 (Nov17)14.3 13.5
Headline Inflation Rate 3 3.2 (Feb18)2.7 5.0
Industrial/ Manufacturing Production Growth Rate 3 20.9 (Jan18)11.2 0.7
Merchandise Export Growth 3 2.5 (Feb18)2.5 41.6
Exchange Rate Index 4 142.7 (Feb18)142.7 142.8
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; General Statistics Office.