Viet Nam: Economy

Weaker agriculture and oil production offset booming services, manufacturing, and construction to slow GDP growth to 6.2% in 2016. Inflation remained modest, and the current account strengthened. A pickup in agriculture and strength in investment should boost growth this year and next. Inflation will edge up and the current account surplus shrink. Deeper agricultural transformation will be critical for sustaining strong growth in the future. Read more from Asian Development Outlook 2017.


Economic forecasts for Southeast Asian countries

Country 2017f 2018f
Brunei Darussalam 1.0 2.5
Cambodia 7.1 7.1
Indonesia 5.1 5.3
Lao People’s Democratic Republic 6.9 7.0
Malaysia 4.4 4.6
Myanmar 7.7 8.0
Philippines 6.4 6.6
Singapore 2.2 2.3
Thailand 3.5 3.6
Viet Nam 6.5 6.7
Average 4.8 5.0
Country 2017f 2018f
Brunei Darussalam 0.1 0.1
Cambodia 3.4 3.5
Indonesia 4.3 4.5
Lao People’s Democratic Republic 2.5 3.0
Malaysia 3.3 2.7
Myanmar 7.0 7.5
Philippines 3.5 3.7
Singapore 1.0 1.5
Thailand 1.8 2.0
Viet Nam 4.0 5.0
Average 3.3 3.5
Country 2017f 2018f
Brunei Darussalam 5.3 5.5
Cambodia –9.4 –9.0
Indonesia –1.7 –1.6
Lao People’s Democratic Republic –19.0 –20.0
Malaysia 1.8 2.0
Myanmar –8.0 –8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 9.0 7.0
Viet Nam 2.0 2.5
Average 3.1 3.0

f = forecast number.

Source: Asian Development Outlook 2017