Vietnam’s macroeconomic landscape in 2019 is depicted through the following figures:
– GDP growth in 2019 reached 7.02% YoY, the second highest in 9 years
– Industrial production in 2019 increased by 9.1%, decelerated along with manufacturing
– Average PMI in 2019 is at 51.5, lower than 53.8 of 2018
– Retail sale of goods and services maintained positive growth
– CPI increased in the last months of the year due to the increase of food prices, especially pork
– Trade surplus reaches a record 9.9 billion USD
– FDI disbursement in December and the whole year reached a record
– Credit growth in 2019 is low, below 14%
– Exchange rate stabilized and foreign exchange reserves reached a record 80 billion USD