The current top 10 countries include the Nordic nations of … Created with Highcharts 6.0.2. GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. Among ASEAN countries, Vietnam’s ratio of public debt to GDP ranked ninth in 2001 but climbed to fifth in 2013. Contingent liabilities continue to weigh on the public finances. Household savings may have little impact on GDP growth but Household debt does. VND) or chained 2010 billions of Vietnamese Dongs (Bil. On this basis, I remain bullish on the prospects for growth in the Philippines and Indonesia, but also in India and Vietnam, notwithstanding the Indian Government debt to GDP ratio of 69% and Vietnam’s budget deficit of -5.4% of GDP:- Household debt to GDP ratio in selected countries worldwide 2019. In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. In 2015 Vietnam public debt reached a record 64 per cent of GDP while the median debt-to-GDP ratio among Vietnam's peers is 42 per cent ... Inflation remains low, and Vietnam’s household debt sits at just 20 per cent of GDP, compared to more than 80 per cent in Thailand and Malaysia. In the UK the savings Ratio was 6.6%, whilst the Household debt to income ratio was 152% at the end of 2015. Debt is calculated as the sum of the following liability categories: loans (primarily mortgage loans and consumer credit) and other accounts payable. Vietnam debt to gdp ratio for was 0.00%, a 0% increase from . Vietnam's foreign debt structure is stable (long maturities and financed by public creditors over the past couple of years) and expected to decrease further in the coming years. The data reached an all-time high of 49.0 % in Dec 2017 and a record low of 37.3 % in Dec 2013. The data for household debt comprise debt incurred by resident households of the economy only. The ratio of the ratios is broadly similar at around 23 times. Household debt is defined as the combined debt of all people in a household. It includes consumer debt and mortgage loans. For the first scenario where Vietnam’s GDP growth is forecast at 4.5%, the budget deficit would be around 4.73% of GDP (representing an increase of VND75 trillion (US$3.25 billion) compared to the year’s estimate), and public debt at 55.5% of GDP, Dung informed at a NA’s sitting on June 15. While Vietnam's economy remains dominated by state-owned enterprises (SOEs), which still produce about 40% of GDP, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. As a percentage to GDP, the level of debt borne by Malaysian households has eased gradually to 84.6% as of September 2017 from 89.1% in 2015 (Figure 3). Label. In 2021 the fiscal deficit will decrease to below 4.5% of GDP, while public debt will rise slightly before falling in the years to come. Vietnam. Here’s the thing about that… Most of the net worth increase has been a result of real estate gains according to the … 2010 VND), not seasonally adjusted (NSA). That is very high, especially when the national savings rate in 2019 was only 30.9 percent of GDP. These time-series data show the difference between the credit-to-GDP ratio and its long-run trend, which can serve as an early warning indicator of financial crises. Many of the government’s loans are also set at favourable terms. In the UK the savings ratio was 6.6%, whilst the household debt … Household debt surpassed GDP for the first time, with residential mortgages mostly to blame. GDP is presented using two approaches: production and expenditure. Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. Note that net debt figures are included where gross debt figures are unavailable in the CIA set (USA). Household Debt Surpassing GDP. The public debt relative information provided by national sources (CIA) is not always objective and true, given the fact that there is no independent research in these matters. Meanwhile, budget deficit and public debt have been on the rise in recent years. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%. Household savings may have little impact on GDP growth but Household debt does. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%. Microdata. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive export-driven industries. Household Debt (As % of GDP) in Vietnam. Figures are reported in billions of Vietnamese Dongs (Bil. China’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when the national debt was at 41.54% of China’s GDP. Thai household debt stood at 79.8 percent of GDP in the first quarter of this year, it said in a June report issued by the National Economic and Social Development Council (NESDC). Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%. Household savings may have little impact on GDP growth but household debt does. In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. In the UK the savings Ratio was 6.6%, whilst the Household debt to income ratio was 152% at the end of 2015. For Vietnam, the production approach to gross domestic product ("GDP (O)"), with gross value added by industry (GVA), at current and constant prices. By comparison, at the end of 2014 the US the savings ratio was 5% and household debt to income a more modest 113%. This FSI measures the overall level of household indebtedness (commonly related to consumer loans and mortgages) as a share of GDP. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Domestic credit to private sector (% of GDP) International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates. License : CC BY-4.0. In terms of GDP per capita, Vietnam was 30-35 years behind South Korea, 25 years behind Malaysia, 20 years behind Thailand, and 5-7 years behind Indonesia and the Philippines. Household debt. Public debt as % of GDP. Human Capital Index. Net debt would decrease by about one-third of GDP. Household gross adjusted disposable income is the income adjusted for transfers in kind received by households, such health or education provided for free or at reduced prices by government and NPISHs. The household debt in Malaysia has risen at … China’s national debt is currently over ¥38 trillion (over $5 trillion USD). Quarterly and annual, from 1986. However, emerging and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. As input, the data used are the credit-to-GDP ratio as published in the BIS database of total credit to the private non-financial sector. By comparison, at the end of 2014 the US the savings ratio was 5% and household debt to income a more modest 113%. Sustained fiscal discipline and robust growth supported a further decline in Vietnam’s public debt-to-GDP ratio. It is ranked by highest household savings rate as a percentage of GDP. Vietnam debt to gdp ratio for was 0.00%, a 0% increase from . The General Statistics Office of Vietnam reports annual GDP at current and constant prices. In June household debt was reported to be 83.8 percent of GDP. Vietnam External Debt accounted for 47.1 % of the country's Nominal GDP in 2019, compared with the ratio of 46.0 % in the previous year. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Household consumption (53% of GDP), supported by a recovery on the labour market (unemployment dropped to 2.5% in September 2020 after peaking in June), will recover gradually since restrictions on movement were quickly removed. Vietnam debt to gdp ratio for was 0.00%, a 0% increase from . A jump in Thailand’s household debt level has meant that the country is now close to being amongst the top 10 countries worldwide with the highest ratio of household debt to gross domestic product (GDP). The economy of Vietnam is a socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP). Line Bar Map. Vietnam’s public debt is expected to make up 54.3% of the country’s GDP by end-2020 – PHOTO: HAI NGUYEN HCMC – Vietnam’s public debt is projected to reach 54.3% of the country’s gross domestic product (GDP) by the end of 2020, before easing further to 53.3% in 2021 and 52.7% in 2022, according to the Ministry of Finance. The ratio of the ratios is broadly similar at around 23 times. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Houshold debt is defined as all liabilities of households (including non-profit institutions serving households) that require payments of interest or principal by households to the creditors at a fixed dates in the future. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%. Most people are writing this off, since the average net worth increased by 1.9% to $271,300. In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. Quarterly data on credit-to-GDP gaps covering 44 economies have been updated. In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. Published by Statista Research Department , Feb 24, 2021. Vietnam External Debt: % of Nominal GDP data is updated yearly, available from Dec 2010 to Dec 2019. The public debt-to-GDP-ratio has fallen from a peak of 63.7 percent in 2016 to an estimated 58.4 in 2018, based on the Ministry of Finance’s definition, and is on track to continue to decline and