Economy Finance and Trade Vietnam
Economy Finance and Trade Vietnam
Vietnam
Euromonitor International
May 2023
ECONOMY, FINANCE AND TRADE: VIETNAM Passport i
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport ii
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 1
HEADLINES
▪ Following real growth of 8.1% in 2022, Vietnam’s economy is expected to expand at an
average annual real rate of 6.1% over 2022-2027
▪ Inflation in Vietnam is forecast to increase to 4.2% in 2023 from 3.2% in 2022
▪ While Vietnam’s merchandise exports increased by 9.8% and imports rose by 8.6% during
2022, the country remained a net exporter of goods
▪ Gross fixed capital formation (GFCF) continued to increase over 2022, accounting for 29.0%
of GDP
▪ The public debt-to-GDP ratio in Vietnam rose to 51.3% in 2022, standing below the regional
average of 96.6%
PROSPECTS
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 2
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 3
ECONOMIC LANDSCAPE
Chart 1 Economic Landscape of Vietnam 2022-2027
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 4
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 5
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 6
MONETARY INDICATORS
Chart 8 Monetary Landscape of Vietnam 2022
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 7
Source: Euromonitor International from national statistics/International Monetary Fund (IMF)/European Central
Bank/International Finance Statistics (IFS)/OECD/UN
Note: Data for 2023-2027 is forecast
Source: Euromonitor International from national statistics/International Monetary Fund (IMF)/European Central
Bank/International Finance Statistics (IFS)/OECD/UN
Note: Data for 2023-2027 is forecast
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 8
Source: Euromonitor International from national statistics/International Monetary Fund (IMF)/European Central
Bank/International Finance Statistics (IFS)/OECD
Note: Data from 2023 onwards is forecast
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 9
FOREIGN TRADE
Chart 14 Foreign Trade Landscape of Vietnam 2022
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 10
Source: Euromonitor International from national statistics/International Monetary Fund (IMF)/European Central
Bank/International Finance Statistics (IFS)/OECD/UN
Source: Euromonitor International from United Nations (UN)/International Merchandise Trade Statistics
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 11
Source: Euromonitor International from International Monetary Fund (IMF)/Direction of Trade Statistics
Source: Euromonitor International from national statistics/International Monetary Fund (IMF)/European Central
Bank/International Finance Statistics (IFS)/OECD/UN
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 12
Source: Euromonitor International from United Nations (UN)/International Merchandise Trade Statistics
Source: Euromonitor International from International Monetary Fund (IMF)/Direction of Trade Statistics
INVESTMENTS
Chart 21 Investment Landscape of Vietnam 2021-2022
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 13
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 14
GOVERNMENT FINANCE
Chart 25 Government Budget Landscape of Vietnam 2022
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 15
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 16
Source: Euromonitor International from International Monetary Fund (IMF)/Government Finance Statistics
(GFS)/national
statistics/Eurostat
Source: Euromonitor International from International Monetary Fund (IMF)/Government Finance Statistics
(GFS)/national statistics/Eurostat
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 17
Source: Euromonitor International from International Monetary Fund (IMF)/Government Finance Statistics
(GFS)/national statistics
Chart 30 Government Expenditure by Function in Vietnam 2022 and Period Growth 2017-
2022
Source: Euromonitor International from International Monetary Fund (IMF)/Government Finance Statistics
(GFS)/national statistics
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 18
FORECAST RISKS
Chart 31 Baseline and Scenario Forecasts in Vietnam 2020-2026
© Euromonitor International
ECONOMY, FINANCE AND TRADE: VIETNAM Passport 19
© Euromonitor International