Vietnam Current Account Balance: % of GDP
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:
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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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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