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This space provides the latest data that is available to us on key financial indicators.  This is  the official government picture on the economic climate in Vietnam.   Please read this data in conjunction with Vietnam Vignettes ,  the various Business Articles , and our Service pages in order to learn how VVG may be able to meet your specific needs.  Please write to us if you have questions.

Current as of  the month reported, data sources include VVG original research,  General Statistical Office, MPI, Vietnam Investment Review, Vietnam Economic Times, and Vietnam Business Journal

Rates of Inflation & Currency Exchange

Current Annual Rate of Inflation:  2.0%  [Chart VET Feb 2000]  NOTE:  This report changed remarkably between December 1999 and January 2000, and appears to be a much more accurate reflection of the inflation numbers for 1999

Current Rate of Exchange (exchanging cash in new bills denominated in $100 or $50 only)
US dollar to Vietnam dong  1 : 14,040

[Unofficial projections remain that this will drop to 15,000 or 16,000 this year. While Vietnam and China both deny that their currencies will drop, the dong is floating lower.  As stories are still heard that the Chinese economy is in a conservative down spiral and that the Yuan will drop below 8.3 to the dollar, we recommend investors closely watching the dong as well.]

Outstanding External Debt in US$ millions (ADB): 1997 - 11,612;  1998 - 14,861; 1999 - n/a

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Balance of Trade ¹ US$ billions (1999 forecast figures: VET)

1.  Annual currency transfers from overseas Vietnamese adds an estimated $2.5 billion into the quiet economy, while smuggling adds approximately $1.5 billion more each year. These sums are not accounted for in this tabulation of only official reports.

2.  First ten months in 1999 [VIR].

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Growth Rate of Merchandise Exports as a percent of change from the prior year (ADB)

Change in Consumer Prices expressed as a percent of change from the prior year (ADB)

GDP Growth (%) Government Statistics Bureau/Asian Development Bank

1. First four months of 1999 GDP reported at 4.0%

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GDP (converted to US$ billion)   VND 1 = US$  14,000 (constant) Reported in billion dollars

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GDP per capita (converted to US$)  VND 1 = US$  14,000 (constant) Reported in actual $ (vbj)

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Foreign Capital Investment 

All Nations: 2,895 projects with Total Investment Capital $36.56 billion. The numbers reported here are the most current and best data available from public sources, and their accuracy is highly suspect. Vietnam Investment Review, a publication of the MPI, no longer reports these numbers for any cross reference. 

Note: readers of these pages should note and compare prior months' reports.  The number of projects seem to be increasing month to month (see Singapore, Taiwan, Hong Kong, Britain, and the United States numbers from only last month) while the Total Capital did not change. As for Thailand, the number of projects increased from 76 to 122 while the Total Capital decreased by $100 million.

In addition, note that following the December's Economic Indicator, the overall number of projects as reported by VET  jumped dramatically (from 1,802 to  2,855) while the number of dollars invested increased by less than $2 billion.  It is also noted that there was no dramatic, year end boost in foreign investment to justify a difference of these proportions.

Top Twelve Nations (February 2000 by VET)  

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Foreign Investment By Sector  Total Foreign Investment by Sector (US$) (Dec VET)   Note: since December's Economic Indicator, the number of projects as reported by VET  has jumped dramatically (> 1,000) while the number of dollars invested has increased by > $2 billion. These numbers are highly suspect. There has been no indication of any dramatic, year end boost in direct or size foreign investment to justify a difference of such proportions.

Construction was added as a new category in February 2000.  Categories now eliminated from the above list (see archives of Economic Reports) are Industrial Zones, Export Processing Zones, and Housing Development. 

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Foreign Investment By Province: Top Ten Locations by Total Investment Capital. 
NOTES: (1) These figures are as reported by Vietnam Economic Times (VET). The data is not aways consistant.  (2) Accurate figures for Capital Committed are not readily available.  Estimates differ among multinational institutions but currently run at between $4 billion to $8 billion. (3) Investments in the same provinces made in 1999 as reported by VIR of 24 December 1999. 

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