SUMMARY
Vietnam's GDP in Q3/2022 was announced impressively with an increase of 13.67% over the same period last year, significantly higher than previous forecasts of experts (10-11%). Accordingly, in 9M/2022, the economy grew by 8.83%, the highest level since 2011 until now.
Immediately after the Q3 GDP was announced, Vietnam's economic growth prospects for 2022 were highly appreciated, and many international organizations raised their GDP growth forecasts for 2022. Specifically, HSBC raised its forecast to 6.9%, and IMF to 7-7.5%. In addition, the World Bank previously gave a forecast of 7.5%, and Vietnam was upgraded by S&P and Moody's credit rating to BB+ and Ba2 respectively with a stable long-term outlook.
However, it should be noted that the strong growth of Q3 was mainly due to the negative growth of Q3/2021. And in addition to domestic consumption, a number of manufacturing and export industries are showing signs of slowing down since the beginning of Q3 amid uncertainties in the world economy.
TABLE OF CONTENTS
A. OVERVIEW
- General perception
- Overview of macroeconomic indicators
- Brief review of some industries
B. VIETNAM MACROECONOMICS
- Consumer Price Index (CPI)
- Domestic production
- Retail & Consumption
- Import and export
- Foreign Direct Investment (FDI)
- Business registration status
- State budget
- Investment capital from the State Budget
C. FINANCIAL MARKET
- Credit system
- Government Bonds
- Corporate Bonds
- Stock market
D. UPDATE OF SOME KEY INDUSTRIES
- Insurance
- Tourism
- Transportation
- Aviation
- Steel
- Cement
- Oil and Gas
- Electricity
- Textile, Garment and Footwear
- Seafood
- Rubber
- Fertilizer
- Wooden products
- Animal feed
- Agricultural products
E. COMMODITY PRICE
- Crude oil price movements and currencies
- Price movements of some commodities
- Freight rates for some main routes
VIETNAM MACRO AND INDUSTRY REPORT - 10/2022
Number of pages: 64 pages
Format: PDF
Release date: October 20, 2022