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Country Reports. Annual Subscriptions. Sample Report 5 years of economic forecasts for more than 30 economic indicators. Vietnam Exchange Rate Chart. Sample Report Get a sample report showing our regional, country and commodities data and analysis. Economic News Vietnam: Industrial output shrinks for first time in 10 months in February March 1, Industrial production fell 6. Read more Vietnam: Industrial output shrinks for first time in 10 months in February February 26, Industrial production fell 6. Read more Vietnam: Inflation falls to near-twenty-year low in January January 29, Consumer prices rose 0.

Read more Vietnam: Industrial output grows at quickest pace in three years in January January 29, Industrial production expanded Search form Search. Unemployment Fiscal Balance Public Debt. International Reserves External Debt.

Sugar Wheat Wool. All Countries. In June , Vietnam ordered customs officials to carefully monitor certificates of origin from Vietnam in a bid to appease US officials.

Since , the US-China trade war has catalyzed the movement of manufacturing supply chains into Vietnam. Other notable exports include cashew, plastics, iron and steel products, precious stones, and processed vegetables. An increasing number of American firms are also targeting Vietnam as an alternative manufacturing destination. The US is therefore a crucial economic partner for Vietnam and the imposition of duties would negatively impact export earnings in addition to hurting investor sentiment.

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It is therefore likely that Vietnamese officials will focus on engagement with the US to prevent this outcome. The US-Vietnam relationship remains strong. The US Chamber of Commerce also argued against the US Department of Treasury claims, that Vietnam did not meet the three-part test of evaluating whether a country is engaging in currency manipulation.

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All these factors bode well for Vietnam-US trade. The firm assists foreign investors throughout Asia from offices across the world , including in Hanoi and Ho Chi Minh City.

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Stay Ahead of the curve in Emerging Asia. Our subscription service offers regular regulatory updates, including the most recent legal, tax and accounting changes that affect your business. Vietnam, along with Switzerland were labeled as currency manipulators by the US Department of Treasury in its annual report on stopping countries from gaining unfair trade advantages. Currency manipulation is a label associated with countries who consistently intervene in currency markets in order to artificially devalue their currencies against major currencies such as the US dollar.

Manipulators could be subject to countervailing duties. The process to impose duties on Vietnam is riddled with legal challenges and is time-consuming. It is likely that the outcome will depend on the trade policy decisions of the incoming Biden administration. What is currency manipulation? Related services Identify investment opportunities in Vietnam in Related services We can help you set up in Vietnam.

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