dc.contributor.author	World Bank
dc.date.accessioned	2025-01-13T19:12:59Z
dc.date.available	2025-01-13T19:12:59Z
dc.date.issued	2025-01-13
dc.description.abstract	Industrial production improved in November 2024, driven by an increased production of key export and manufactured products. While staying in expansionary territory, Vietnam’s PMI inched down slightly from 51.2 in October to 50.8 in November as the growth of new orders softened. Exports and imports growth continued to slow, driven by a contraction of tech exports (phones and equipment) and a small deceleration of non-tech exports (including footwear and textiles) due to weaker global demand and lingering supply chain disruptions caused by typhoon Yagi. Year-on-year export growth moderated from 10.2 percent y/y in October to 8.2 percent y/y in November. Mirroring the moderation of export growth, import growth decelerated from 13.6 percent y/y in October to 9.8 percent y/y in November. The trade balance registered a small surplus of 1.1 billion US dollars in November 2024 and totaled US 23.8 billion dollars in the first 11 months of 2024. Revenue collection during the first 11 months of 2024 was 16.1 percent higher than during 2023 due to improved economic activities. Revenue collection reached 106.1 percent of what had been planned for 2024. The public investment disbursement rate accelerated from 52.3 percent of the Prime Minister’s approved budget allocation in October 2024 to 73.5 percent in November 2024. However, it remained slightly below the 76.5 percent disbursement rate from the same period of last year.	en
dc.identifier	http://documents.worldbank.org/curated/en/099521312232430557/IDU1b489f5311c274141ff194df1efca5d60448f
dc.identifier.doi	10.1596/42667
dc.identifier.uri	https://hdl.handle.net/10986/42667
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	DECENT WORK
dc.subject	ECONOMIC GROWTH
dc.subject	INDUSTRIAL CLUSTERS AND VALUE CHAINS
dc.subject	TAX REVENUE
dc.subject	PUBLIC INVESTMENT
dc.title	Vietnam Macro Monitoring, December 2024	en
dc.type	Brief
dspace.entity.type	Publication
okr.date.disclosure	2025-01-13
okr.date.doiregistration	2025-04-14T11:50:15.980620Z
okr.date.lastmodified	2024-12-23T00:00:00Z	en
okr.doctype	Brief
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/099521312232430557/IDU1b489f5311c274141ff194df1efca5d60448f
okr.guid	099521312232430557
okr.identifier.docmid	IDU-b489f531-c274-41ff-94df-efca5d60448f
okr.identifier.externaldocumentum	34440211
okr.identifier.internaldocumentum	34440211
okr.identifier.report	195870
okr.import.id	6304
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099521312232430557/pdf/IDU1b489f5311c274141ff194df1efca5d60448f.pdf	en
okr.region.administrative	East Asia and Pacific
okr.region.country	Viet Nam
okr.topic	Finance and Financial Sector Development::Access to Finance
okr.topic	Private Sector Development
okr.topic	Public Sector Development
okr.topic	Macroeconomics and Economic Growth::Economic Modeling and Statistics
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.unit	ECR-EAP-External Affairs Unit (ECREA)

Publication: Vietnam Macro Monitoring, December 2024

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Vietnam Macro Monitoring, December 2024