Vietnam Current Account Balance: % of GDP

2010 - 2023 | Yearly | % | CEIC Data

Key information about Vietnam Current Account Balance: % of GDP

  • Vietnam Current Account surplus accounted for 6.6 % of the country's Nominal GDP in Dec 2023, compared with a 0.3 % deficit in the previous year.
  • Vietnam Current Account Balance: % of Nominal GDP data is updated yearly, available from Dec 2010 to Dec 2023, with an average value of 1.1 %.
  • The data reached an all-time high of 6.6 % in Dec 2023 and a record low of -2.9 % in Dec 2010.

CEIC calculates annual Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and annual Nominal GDP. The State Bank of Vietnam provides Current Account Balance in USD based on BPM6. General Statistics Office provides Nominal GDP in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions. Current Account Balance prior to 2012 is based on BPM5.


Key information about Vietnam Current Account Balance: % of GDP

  • In the latest reports of Vietnam, Current Account recorded a surplus of 6.4 USD bn in Dec 2023.
  • Foreign Direct Investment (FDI) increased by 5.8 USD bn in Dec 2023.
  • Vietnam Direct Investment Abroad expanded by 50.0 USD mn in Dec 2023.
  • Its Foreign Portfolio Investment fell by 650.0 USD mn in Dec 2023.
  • The country's Nominal GDP was reported at 362.6 USD bn in Dec 2021.

View Vietnam's Current Account Balance: % of GDP from 2010 to 2023 in the chart:

Vietnam Current Account Balance: % of GDP

What was Vietnam's Current Account Balance: % of GDP in 2023?

Vietnam Current Account surplus accounted for 6.6 % of the country's Nominal GDP in Dec 2023, compared with a 0.3 % deficit in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
6.6 2023 -0.3 2022 -2.9 2010 6.6 2023 % yearly 2010 - 2023

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Algeria (%) 0.3 Dec 2023 quarterly Mar 2007 - Dec 2023
Argentina (%) 2.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Armenia (%) -2.9 Jun 2024 quarterly Dec 1994 - Jun 2024
Australia (%) -1.6 Jun 2024 quarterly Sep 1959 - Jun 2024
Austria (%) 0.6 Jun 2024 quarterly Mar 1970 - Jun 2024
Azerbaijan (%) 4.9 Jun 2024 quarterly Mar 2013 - Jun 2024
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) 0.9 2024 yearly 1998 - 2024
Belarus (%) 2.5 Jun 2024 quarterly Mar 1996 - Jun 2024
Belgium (%) -1.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Bolivia (%) 0.4 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) -3.9 Jun 2024 quarterly Mar 2008 - Jun 2024
Botswana (%) -5.0 Jun 2024 quarterly Mar 2004 - Jun 2024
Brazil (%) -3.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -1.3 Jun 2024 quarterly Sep 1999 - Jun 2024
Cambodia (%) -5.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Canada (%) -1.1 Jun 2024 quarterly Mar 1957 - Jun 2024
Chile (%) -2.3 Jun 2024 quarterly Mar 1996 - Jun 2024
China (%) 1.2 Jun 2024 quarterly Mar 1998 - Jun 2024
Colombia (%) -1.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Croatia (%) -5.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Cyprus (%) -0.6 Jun 2024 quarterly Mar 2008 - Jun 2024
Czech Republic (%) -0.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Denmark (%) 13.6 Jun 2024 quarterly Mar 1990 - Jun 2024
Ecuador (%) 7.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 2.8 Jun 2024 quarterly Mar 1999 - Jun 2024
Finland (%) -2.9 Jun 2024 quarterly Mar 1990 - Jun 2024
France (%) -0.7 Sep 2024 quarterly Mar 1997 - Sep 2024
Georgia (%) -7.3 Jun 2024 quarterly Mar 1996 - Jun 2024
Germany (%) 5.3 Sep 2024 quarterly Mar 1991 - Sep 2024
Ghana (%) 5.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Greece (%) -7.9 Jun 2024 quarterly Mar 2000 - Jun 2024
Hong Kong SAR, China (%) 13.3 Jun 2024 quarterly Mar 1999 - Jun 2024
Hungary (%) 3.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Iceland (%) -2.7 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) -1.1 Jun 2024 quarterly Jun 2004 - Jun 2024
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) 28.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Israel (%) 3.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Italy (%) 1.6 Jun 2024 quarterly Mar 1980 - Jun 2024
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) -7.0 Jun 2024 quarterly Mar 1992 - Jun 2024
Kazakhstan (%) -2.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (%) -2.5 Jun 2024 quarterly Mar 2009 - Jun 2024
South Korea (USD mn) 8,186.7 Sep 2024 monthly Jan 1980 - Sep 2024
Kosovo (%) -15.4 Jun 2024 quarterly Mar 2010 - Jun 2024
Kuwait (%) 27.9 Mar 2024 quarterly Mar 2012 - Mar 2024
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) 2.7 2023 yearly 1984 - 2023
Latvia (%) -1.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Lebanon (%) -2.8 2021 yearly 2002 - 2021
Lithuania (%) 3.2 Jun 2024 quarterly Mar 1993 - Jun 2024
Luxembourg (%) 12.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Macau SAR, China (%) 36.0 2023 yearly 2002 - 2023
North Macedonia (%) -3.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 0.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Malta (%) 7.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Mauritius (%) -6.3 Jun 2024 quarterly Mar 2007 - Jun 2024
Mexico (%) 0.7 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) -16.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Mongolia (%) -5.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Montenegro (%) -22.8 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) -3.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Mozambique (%) -11.6 2023 yearly 1980 - 2023
Nepal (%) 3.9 2024 yearly 2001 - 2024
Netherlands (%) 8.4 Jun 2024 quarterly Mar 1987 - Jun 2024
New Zealand (%) -6.9 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Norway (%) 17.9 Jun 2024 quarterly Mar 1981 - Jun 2024
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.5 2024 yearly 1977 - 2024
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Paraguay (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Peru (%) 2.4 Jun 2024 quarterly Mar 1990 - Jun 2024
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Portugal (%) 1.5 Jun 2024 quarterly Mar 1996 - Jun 2024
Qatar (%) 13.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Romania (%) -9.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Russia (%) 3.4 Jun 2024 quarterly Mar 1994 - Jun 2024
Saudi Arabia (%) 1.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Serbia (%) -4.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Singapore (%) 19.2 Jun 2024 quarterly Mar 1986 - Jun 2024
Slovakia (%) -1.3 Jun 2024 quarterly Mar 1997 - Jun 2024
Slovenia (%) 7.2 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (%) -0.9 Jun 2024 quarterly Mar 1960 - Jun 2024
Spain (%) 3.3 Jun 2024 quarterly Mar 1980 - Jun 2024
Sri Lanka (%) 1.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 9.4 Jun 2024 quarterly Mar 1980 - Jun 2024
Switzerland (%) 9.6 Jun 2024 quarterly Mar 1983 - Jun 2024

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Vietnam Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.1 2022 yearly 2010 - 2022
Tax Revenue (USD mn) 12,092.166 Sep 2024 quarterly Mar 2005 - Sep 2024
Tax Revenue: % of GDP (%) 11.6 2023 yearly 2010 - 2023
National Government Debt (USD mn) 142,876.9 2023 yearly 2010 - 2023
Government Debt: % of GDP (%) 33.5 2023 yearly 2010 - 2023
Forecast: Government Expenditure (VND bn) 3,619,434.484 2029 yearly 1998 - 2029
Forecast: Government Net Debt (VND bn) 5,339,190.350 2029 yearly 2000 - 2029
Forecast: Government Revenue (VND bn) 3,307,362.390 2029 yearly 1998 - 2029
State Govt Budget: ytd: Revenue: Tax: Special Consumption Tax (VND bn) 75,611.000 Sep 2024 quarterly Dec 2004 - Sep 2024
State Govt Budget: ytd: Expenditure: Current (VND bn) 858,415.000 Sep 2024 quarterly Dec 2004 - Sep 2024
State Govt Budget: ytd: Revenue (VND bn) 1,448,240.400 Sep 2024 quarterly Dec 2004 - Sep 2024
State Govt Budget: ytd: Expenditure excl Principal Payment (VND bn) 1,256,264.000 Sep 2024 quarterly Dec 2004 - Sep 2024
State Govt Budget: ytd: Revenue: Tax: Value Added Tax (VND bn) 343,626.100 Sep 2024 quarterly Dec 2004 - Sep 2024
GD: Outstanding: Domestic: VND (VND bn) 2,467,627.300 2023 yearly 2010 - 2023
GD: Outstanding: External: VND (VND bn) 960,418.980 2023 yearly 2002 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 9.484 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,033.9 Oct 2024 monthly Jan 1996 - Oct 2024
Total Exports (USD mn) 35,634.5 Oct 2024 monthly Jan 1997 - Oct 2024
Total Exports Growth (%) 10.2 Oct 2024 monthly Jan 1998 - Oct 2024
Aluminum: Exports (USD th) 1,160,500.129 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 181,327.032 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 57,511.959 2022 yearly 1995 - 2022
Total Imports (USD mn) 33,600.6 Oct 2024 monthly Jan 1997 - Oct 2024
Total Imports Growth (%) 13.6 Oct 2024 monthly Jan 1998 - Oct 2024
Imports: Medicament (USD th) 2,471,771.739 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,625,053.469 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 10,554.851 Oct 2024 monthly Jan 1990 - Oct 2024
Total Imports from USA (USD mn) 1,250.741 Oct 2024 monthly Jan 1990 - Oct 2024
Total Exports to China (USD mn) 6,096.729 Sep 2024 monthly Jan 2013 - Sep 2024
Total Imports from China (USD mn) 12,728.192 Oct 2024 monthly Jan 1991 - Oct 2024
Exports: China (USD) 2,888,701,593.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: Japan (USD) 1,467,599,017.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: Australia (USD) 293,830,219.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: United States (USD) 4,562,588,364.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: Canada (USD) 314,331,082.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: ytd: Aqua Products (USD mn) 8,249.672 Oct 2024 monthly Apr 1998 - Oct 2024
Exports: ytd: Footwear (USD mn) 18,574.453 Oct 2024 monthly Apr 1998 - Oct 2024
Exports: ytd: Rice (USD mn) 4,861.964 Oct 2024 monthly Dec 1999 - Oct 2024
Exports: ytd: Crude Oil (USD mn) 1,532.043 Oct 2024 monthly Dec 1999 - Oct 2024
Exports: ytd: Textiles and Garments (USD mn) 30,572.324 Oct 2024 monthly Apr 1998 - Oct 2024
Imports: Thailand (USD) 1,010,176,779.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: China (USD) 6,536,188,277.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: Singapore (USD) 370,217,737.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: United States of America (USD) 1,363,320,562.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: Australia (USD) 388,919,219.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: ytd: Garments (USD mn) 12,273.197 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: ytd: Computers, Electronic Product (USD mn) 88,253.417 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: ytd: Steel Products (USD mn) 10,477.325 Oct 2024 monthly Mar 2000 - Oct 2024
Imports: ytd: Machinery and Spare Parts (USD mn) 39,700.884 Oct 2024 monthly Jan 1998 - Oct 2024
Imports: ytd: Petroleum (USD mn) 6,586.924 Oct 2024 monthly Mar 2000 - Oct 2024
Export Value Index (2015=100) 207.281 2021 yearly 1980 - 2021
Import Value Index (2015=100) 200.219 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 120.0 Jun 2024 quarterly Dec 2005 - Jun 2024
Current Account Balance (USD mn) 4,510.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Current Account Balance: % of GDP (%) 6.6 2023 yearly 2010 - 2023
Foreign Direct Investment (USD mn) 4,970.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment: % of GDP (%) 4.3 2023 yearly 1985 - 2023
Foreign Portfolio Investment (USD mn) -1,614.000 Jun 2024 quarterly Dec 2005 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) -0.3 Mar 2022 quarterly Mar 2021 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -98.0 Dec 2014 quarterly Mar 2005 - Dec 2014
Foreign Portfolio Investment: Debt Securities (USD mn) -83.000 Dec 2014 quarterly Mar 2005 - Dec 2014
External Debt (USD mn) 139,089.8 2023 yearly 2010 - 2023
External Debt: % of GDP (%) 32.7 2023 yearly 2010 - 2023
External Debt: Short Term (USD mn) 38,154.0 2022 yearly 1981 - 2022
External Debt: Short Term: % of GDP (%) 9.3 2022 yearly 1985 - 2022
Forecast: Current Account Balance (USD bn) 8.843 2029 yearly 1980 - 2029
Government Debt: % of GDP (%) 33.500 2023 yearly 2010 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.5 Dec 2023 quarterly Dec 2011 - Dec 2023
Money Supply M1 (USD mn) 140,458.600 Nov 2023 monthly Dec 2000 - Nov 2023
Money Supply M2 (USD mn) 591,051.206 Nov 2023 monthly Dec 2000 - Nov 2023
M2 Growth (%) 10.2 Nov 2023 monthly Dec 2001 - Nov 2023
Reserve Requirement Ratio (%) 3.0 Oct 2024 monthly Feb 2010 - Oct 2024
Foreign Exchange Reserves (USD mn) 85,801.6 Feb 2023 monthly Jan 1995 - Feb 2023
Foreign Exchange Reserves: % of GDP (%) 3.000 Oct 2024 monthly Feb 2010 - Oct 2024
Foreign Exchange Reserves: Months of Import (NA) 2.4 Jul 2024 monthly Mar 1997 - Jul 2024
Gold Reserves (USD mn) 766.890 Jul 2024 monthly Jan 1995 - Jul 2024
Domestic Credit (USD mn) 548,147.2 Nov 2023 monthly Dec 1992 - Nov 2023
Domestic Credit Growth (%) 11.5 Nov 2023 monthly Dec 1993 - Nov 2023
Total Loans (USD mn) 601,117.974 Aug 2024 monthly Apr 2012 - Aug 2024
Total Loans Growth (%) 15.67 Aug 2024 monthly Apr 2013 - Aug 2024
Private Debt: % of Nominal GDP (%) 128.68 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Reserves: Total Include Gold (USD mn) 85,455.912 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Reserves: Foreign Exchange (USD mn) 82,877.750 Jun 2024 quarterly Mar 1995 - Jun 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.543 2019 yearly 2017 - 2019

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