The State budget’s domestic revenue in the first eight months of 2019 is estimated at VND808.8 trillion (US$34.8 billion), according to the Ministry of Finance.
Vietnam’s fiscal deficit, including principal repayments, would come in at 6.6 percent of GDP this year and next year, up from 5.9 percent in 2018, Fitch Solutions Macro Research forecast.
On August 23 the State Bank of Việt Nam set the benchmark exchange rate at VNĐ23,127 to the dollar, weakening the đồng by VNĐ5 compared to the previous five days (August 19).
Vietnamese income has improved significantly, but it has not reached the $3,000per capita threshold as calculated by General Statistics Office, economists say.
After 10 years since it was launched, the campaign “Vietnamese people prioritize the use of Vietnamese goods” has attracted attention and response from the people, businesses and localities, while creating a strong spillover.
The total value of the top 50 Vietnamese brands in 2019 unveiled by Forbes Vietnam is estimated at over US$9.3 billion, up US$1.2 billion from the figure announced last year.
