Vietnam Economic Forecasts

Published monthly, Asia Pacific Consensus Forecasts offers a concise outlook for the Vietnamese economy; covering 3 macroeconomic variables over a 2 year forecast horizon. Forecasts are provided by leading economists whose views are shown as the average (mean) forecast. In addition, our analysis includes 4 years of historical data for these same variables. Furthermore, the publication provides Consensus Forecasts™ for the Vietnamese dong against the US dollar in 3, 12 and 24 months time.

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Vietnam

Nominal GDP for Vietnam was ₫8,480tnbn in 2021, down from ₫6,293tn in 2020. The Vietnamese population was estimated at 97.3m in 2021 according to the IMF, while China is Vietnam’s biggest trading partner.

Variables Surveyed for Vietnam

Variables covered in our monthly analysis of Vietnam include:

Gross Domestic Product
Private Consumption
Gross Fixed Investment
Industrial Production
Consumer Prices
Money Supply

Merchandise Exports
Merchandise Imports
Trade Balance
Current Account Balance
Interest Rates
Dong Currency Forecasts

Consensus Forecasts for Vietnam

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters” including the Asian Development Bank, and IMF. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Asia Pacific Conensus Forecasts, September 2022

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Vietnam on topics such as:

Quarterly Forecasts
Long-Term 5 and 10 Year Forecasts
Economic Policy Evaluation
Real Interest Rates and Foreign Direct Investment
Forecast Probabilities
Forecasts of Trade and Current Account Balances

Main Data Sources for Vietnam

General Statistics Office of Vietnam: The General Statistics Office of Vietnam (GSO) serves under the Ministry of Planning and Investment (Vietnam) (MPI) realizing the function as an adviser for the MPI Minister in state management for statistics; conducting statistical activities and providing social and economic information to organizations and individuals domestically and internationally in accordance with the law.
State Bank of Vietnam: The State Bank of Vietnam is the central bank of Vietnam.

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.

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