Trading Economics Vietnam
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Trading economics vietnam. Economic indicators for vietnam including actual values historical data charts an economic calendar time series statistics business news long term forecasts and short term predictions for vietnam economy. Government budget in vietnam is expected to reach 6 80 percent of gdp by the end of 2020 according to trading economics global macro models and analysts expectations. Vietnam is a member of asia pacific economic cooperation association of southeast asian nations and the world trade organization. Wages in vietnam increased to 5981 vnd thousand month in the fourth quarter of 2018 from 5844 vnd thousand month in the third quarter of 2018.
Actual values are based on official sources not third party data providers previous values are available before an economic indicator is reported and marked as revised accordingly survey consensus figures are provided displaying the average forecast among a representative group of economists. Trading economics provides data for 20 million economic indicators from 196 countries including actual values consensus figures forecasts historical time series and news. Wages in vietnam averaged 4328 54 vnd thousand month from 2007 until 2018 reaching an all time high of 5981 vnd thousand month in the fourth quarter of 2018 and a record low of 1399 vnd thousand month in the fourth quarter of 2007. In the long term the vietnam government budget is projected to trend around 7 50 percent of gdp in 2021 and 5 00 percent of gdp in 2022 according to our econometric models.
Vietnam s economic freedom score is 58 8 making its economy the 105th freest in the 2020 index. Get free indicators historical data charts news and forecasts for 196 countries. Moody s credit rating for vietnam was last set at ba3 with negative outlook. The economy of vietnam is a socialist oriented market economy which is the 44th largest in the world as measured by nominal gross domestic product gdp and 27th largest in the world as measured by purchasing power parity ppp.
Its overall score has increased by 3 5 points due to a dramatic gain in fiscal health. Standard poor s credit rating for vietnam stands at bb with stable outlook. Vietnam was last updated on friday august 28 2020. Fitch s credit rating for vietnam was last reported at bb with stable outlook.
In general a credit rating is used by sovereign wealth funds pension funds and other investors to gauge the credit worthiness of vietnam thus having a big.