East Asia Update ? November 2006
| Vietnam: Key Economic Indicators |
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2001 |
2002 |
2003 |
2004 |
2005 e/ |
2006 p/ |
2007 p/ |
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Year |
Year |
Year |
Year |
Year |
Year |
Year |
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| Output, Employment and
Prices |
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| GDP (% change previous
year) |
6.9 |
7.1 |
7.3 |
7.8 |
8.4 |
8.0 |
7.5 |
| Industrial production
index (% change, previous year) |
14.6 |
14.5 |
15.5 |
16.0 |
17.2 |
16.5 |
16.5 |
| Unemployment rate (%,
urban areas) |
6.3 |
6.0 |
5.8 |
5.6 |
5.3 |
5.0 |
5.0 |
| Consumer price index (%
change, period-end) |
0.8 |
4.0 |
3.0 |
9.5 |
8.4 |
7.0 |
6.5 |
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| Public Sector |
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| Government balance (%
GDP) |
-2.8 |
-1.4 |
-1.2 |
0.9 |
-1.2 |
-1.3 |
-1.5 |
| Domestic public sector
debt (accumulated, % GDP) |
5.5 |
6.3 |
6.8 |
7.5 |
8.3 |
9.2 |
10.5 |
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| Foreign Trade, BOP and
External Debt |
-1,135 |
-3,027 |
-5,080 |
-5,469 |
-4,536 |
-4,708 |
-6,117 |
| Trade balance ($US million) |
-1,135 |
-3,027 |
-5,107 |
-5,451 |
-4,648 |
-6,314 |
-7,979 |
| Exports of goods, ($US
million) |
15,027 |
16,706 |
20,176 |
26,485 |
32,442 |
38,963 |
45,197 |
| Exports of goods (% change, previous year) |
4.0 |
11.2 |
20.8 |
31.3 |
22.5 |
20.1 |
16.0 |
| Key exports, (value, %
change) - crude oil |
-10.8 |
4.6 |
16.8 |
48.3 |
30.3 |
18.0 |
0.0 |
| Imports of goods, ($US
million, cif) |
16,162 |
19,733 |
25,256 |
31,954 |
36,978 |
43,671 |
51,313 |
| Imports of goods (%
change, previous year) |
3.2 |
22.1 |
28.0 |
26.5 |
15.7 |
18.1 |
17.5 |
| Current account balance
($US million ) |
672 |
-670 |
-1,930 |
-1,565 |
215 |
165 |
-505 |
| Current account balance
(percent GDP) |
1.6 |
-1.9 |
-4.9 |
-3.4 |
0.4 |
0.3 |
-0.7 |
| Foreign direct investment
($US million) |
1,250 |
2 |
1,900 |
1,900 |
1,980 |
2,150 |
2,600 |
| Total external debt -DOD-
($US billion) |
12.5 |
12.3 |
13.4 |
15.4 |
17.2 |
19.7 |
21.8 |
| as percent of GDP |
38.5 |
35.0 |
33.8 |
33.9 |
32.5 |
32.6 |
32.1 |
| Debt service ratio (%
exports of g&s) |
10.6 |
8.3 |
7.5 |
5.9 |
5.5 |
5.6 |
5.8 |
| Reserves, including gold
($US million) |
3,390 |
3,695 |
5,620 |
6,314 |
8,560 |
11,460 |
15,000 |
| Reserves (in weeks of
imports of g&s) |
8.3 |
7.2 |
8.7 |
8.5 |
9.8 |
11.2 |
12.5 |
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| Financial Markets |
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| Credit to the economy (%
change, period-end) |
21.4 |
22.2 |
28.4 |
41.6 |
31.7 |
22.6 |
23.6 |
| Short-term interest rate
(3-M deposits, period-end) |
5.9 |
7.0 |
6.3 |
6.7 |
7.8 |
7.9 |
7.5 |
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| e = estimate |
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| p = projection |
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| Source: GSO, SBV, IMF and
WB |
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