Current account balance in Viet Nam
Viet Nam: Current account balance was 6.3% in 2024. ◆ Volatile
Current account balance in Viet Nam, 1996–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Viet Nam recorded 6.3% for current account balance in 2024. That is the highest value across all 29 years on record.
That represents a change of up 6.5% on the previous year and up 58.0% over ten years.
Over the whole period, current account balance in Viet Nam peaked at 6.3% in 2024 and was at its lowest, -10.9%, in 2008.
Viet Nam ranks 32nd of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Viet Nam, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1996 | -8.2% | — |
| 1997 | -5.7% | -30.5% |
| 1998 | -3.9% | -30.7% |
| 1999 | 4.1% | -204.0% |
| 2000 | 3.5% | -13.5% |
| 2001 | 2.1% | -41.2% |
| 2002 | -1.7% | -182.6% |
| 2003 | -4.9% | +183.4% |
| 2004 | -2.1% | -56.8% |
| 2005 | -1.0% | -53.9% |
| 2006 | -0.2% | -74.6% |
| 2007 | -9.0% | +3540.7% |
| 2008 | -10.9% | +21.6% |
| 2009 | -6.2% | -42.9% |
| 2010 | -2.9% | -53.4% |
| 2011 | 0.1% | -104.7% |
| 2012 | 4.8% | +3425.6% |
| 2013 | 3.6% | -24.8% |
| 2014 | 4.0% | +10.6% |
| 2015 | -0.9% | -121.3% |
| 2016 | 0.2% | -128.5% |
| 2017 | -0.6% | -341.1% |
| 2018 | 1.9% | -424.6% |
| 2019 | 3.9% | +106.0% |
| 2020 | 4.3% | +10.9% |
| 2021 | -1.3% | -129.1% |
| 2022 | 0.3% | -126.9% |
| 2023 | 5.9% | +1653.4% |
| 2024 | 6.3% | +6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.4% | -8.2% | 4.1% | 4 |
| 2000s | -3.0% | -10.9% | 3.5% | 10 |
| 2010s | 1.4% | -2.9% | 4.8% | 10 |
| 2020s | 3.1% | -1.3% | 6.3% | 5 |
Countries ranked near Viet Nam
More economy & growth data for Viet Nam
- Gross capital formation (current US$), annual growth rate 8.8 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.308 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 1,560 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 12.39 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 7,687 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 38.94 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 8.68 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2893 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 1,466 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 18.86 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Viet Nam?
- Current account balance in Viet Nam was 6.3% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Viet Nam?
- The highest recorded value was 6.3% in 2024.
- What is the lowest current account balance recorded in Viet Nam?
- The lowest recorded value was -10.9% in 2008.
- How does Viet Nam rank for current account balance?
- Viet Nam ranks 32nd out of 200 countries with data for 2024.
- Is current account balance rising or falling in Viet Nam?
- Over the last ten years it is up 58.0%. The long-run trend across the full record is volatile.
- Where does this Viet Nam data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.