Viet Nam: Economy

Manufacturing, construction, and services expanded in Viet Nam robustly in the first half of 2016, driven by inflows of foreign direct investment, but growth in gross domestic product was weighed down by weak performance in agriculture and mining. Although the economy is expected to pick up in the second half of 2016, Growth forecasts for the year as a whole and for 2017 are nevertheless revised down. Inflation has stirred, as expected, but is forecast to remain moderate. External accounts have improved such that the current account is now seen posting surplus through the forecast period. Read more from Asian Development Outlook 2016 Update


Economic forecasts for Southeast Asian countries

Country 2016 2017
Brunei Darussalam 1.0 2.5
Cambodia 7.0 7.1
Indonesia 5.0 5.1
Lao People’s Dem. Rep. 6.8 7.0
Malaysia 4.1 4.4
Myanmar 8.4 8.3
Philippines 6.4 6.2
Singapore 1.8 2.0
Thailand 3.2 3.5
Viet Nam 6.0 6.3
Average 4.5 4.6
Country 2016 2017
Brunei Darussalam -0.6 0.4
Cambodia 2.8 3.4
Indonesia 3.5 4.0
Lao People’s Dem. Rep. 1.6 2.3
Malaysia 2.1 2.5
Myanmar 9.5 8.5
Philippines 1.8 2.8
Singapore -0.8 0.8
Thailand 0.4 2.0
Viet Nam 2.5 4.5
Average 2.0 2.9
Country 2016 2017
Brunei Darussalam -4.5 -2.0
Cambodia -11.1 -10.2
Indonesia -2.3 -2.4
Lao People’s Dem. Rep. -16.0 -19.0
Malaysia 1.2 2.3
Myanmar -8.3 -7.7
Philippines 2.0 1.8
Singapore 19.5 19.5
Thailand 9.5 4.0
Viet Nam 3.0 4.0
Average 3.4 2.7

Source: Asian Development Outlook 2016 Update

 

 
This page was generated from https://www.adb.org/countries/viet-nam/economy on 21 February 2017