Vietnam's economic indicators - July 1

July 1 (Reuters) - Vietnam's economic indicators VNECI01
VNECI02.

* Updated today

CURRENCY/INTEREST RATES

July 1 Dec. 28, 2007 July 2, 2007
*Dlr/dong (c.bank rate) 16,517 16,111 16,132
*The VN Index .VNI 409.61 927.02 994.17

*Latest (June 11) Previous (May 19, 2008)
Base rate 14.0 12.0
(for deposits, lending)
Discount rate 13.0 11.0
Re-financing rate 15.0 13.0

GDP, pct, y/y

2007 2006 2005 2004 2003 2002 2001 2000

8.48 8.17 8.44 7.79 7.34 7.08 6.89 6.79

____2008____ ________2007________ ________2006________

*H1 Q1 Q3 Q2 Q1 Q3 Q2 Q1

6.50 7.43 8.69 7.98 7.73 8.67 7.54 7.18

CONSUMER PRICE INDEX, pct

2007 2006 2005 2004 2003 2002 2001 2000

12.6 6.6 8.4 9.5 3.0 4.0 0.8 -0.6

__________2008___________ ____________2007_______________

*June May Apr Mar Feb Dec Nov Oct Sept Aug July June
y/y 26.8 25.2 21.4 19.4 15.7 12.6 10.0 9.3 8.8 8.6 8.4 7.8
m/m 2.1 3.9 2.2 3.0 3.6 2.9 1.2 0.7 0.5 0.6 0.9 0.9

RETAILS SALES, pct, y/y

2007 2006 2005 2004 2003 2002 2001 2000

23.3 20.9 20.5 19.4 18.8 14.5 11.3 9.7

________2008________ ________________2007________________

*Jan-June Q1 Jan-Sept Jan-June Q1

30.0 29.2 22.8 22.9 22.3

TRADE ACCOUNT, in billions of dollar

2007 2006 2005 2004 2003 2002 2001 2000

-12.4 -5.06 -4.31 -5.48 -5.12 -3.04 -1.19 -1.15

___________2008______________ __________2007______________

*June *May Apr Mar Feb Dec Nov Oct Sept June
EXP 5.50 5.95 5.09 4.70 3.42 4.70 4.55 4.28 3.73 4.14
IMP 6.80 7.85 8.31 7.00 6.19 6.30 6.17 5.63 4.96 5.41
BAL-1.30 -1.90 -3.22 -2.30 -2.77 -1.60 -1.62 -1.35 -1.03 -1.27
(Figures for the latest month are estimates)

INDUSTRIAL GROWTH, pct, y/y

2007 2006 2005 2004 2003 2002 2001
Overall 17.1 17.0 17.2 16.0 16.0 14.5 14.2

___________2008_________ ___________2007__________

*June May Apr Mar Feb Dec Nov Oct Sept June
Overall 17.1 16.7 16.8 16.4 16.1 20.7 17.4 16.7 18.1 19.5
State 6.6 4.6 13.0 5.5 12.5 12.9 10.6 11.4 11.5 15.3
Non-state 22.7 20.6 18.6 23.2 17.8 24.3 21.0 19.0 23.6 20.9
F.invested 18.8 20.8 17.3 17.2 16.6 21.3 18.0 17.7 17.1 21.1
SOURCES: General Statistics Office, ministries, the central bank

FORECASTS/TARGETS
GDP, pct 2008 2007
-- Government/GSO 7.0 8.48
-- ADB 7.0 8.5
-- IMF 7.3 8.3
-- World Bank 8.0 8.5
(The Communist Party targets annual GDP growth at 7.5-8 percent
for 2006-2010, from the average 7.51 percent in 2001-2005)
CPI, pct 2008 2007
-- Government/GSO *n/a 12.6
-- ADB 18.3 8.3
-- IMF 7.7 7.3
-- World Bank 12.6 12.6
-- MPI *22.0
(Data from GSO, ADB and IMF are the average rates;
MPI: the Planning and Investment Ministry)
MONEY AND CREDIT, pct
Broad money (IMF) 33.6
Credit growth 50.0 (IMF)
-- Central bank/MPI 30.0 *53.8
-- ADB 54.0
-- World Bank 30.0 53.9
*Outstanding loans (bln dong)

May 08 Apr 08 end-2007 end-2006
-- Central bank 1,278.6 1,250.5 1,080.0 702.2
Non-performing loans, pct 2007 2006
-- Central bank ~2.0 2.65
NOTE: ~ based on Vietnamese accounting standards; The rate was
5 percent if international accounting standards were used,
according to a foreign expert.
EXPORT GROWTH, pct
-- Government/GSO 20-25 21.5
-- ADB 18.7 21.5
-- World Bank 22.0 21.9
-- MPI *37.0
IMPORT GROWTH, pct
-- Government/GSO 20-25 35.5
-- World Bank 20.0 39.6
TRADE DEFICIT, in billions of dollar
-- Government 16.97 12.4
-- World Bank 15.97 14.1
-- MPI *30.0
INDUSTRIAL GROWTH, pct
-- Government 17.5 17.1
-- ADB 10.6 18.0
-- World Bank 16.8 17.1

2008 2007 2006 2005
CURRENT ACCOUNT BALANCE/GDP, pct
-- ADB -10.3 -8.0 -0.5 -1.0
-- World Bank -9.0 -9.7 -0.4 -1.1
-- IMF -13.6 -9.6
FOREIGN CURRENCY RESERVES in weeks of import
-- Central bank 20.0 12.0 10-12
-- World Bank 15.0 15.2 10.4 9.4
FOREIGN CURRENCY RESERVES, in billions of dollar
-- Government/C.bank *20.7 (June) 20.0 12.0
-- ADB (-gold) 19.93 11.42 8.6
-- IMF (+gold) 23.66 19.93 11.5 8.6
-- World Bank 22.1 21.6 11.5 8.6
(ADB estimate for 2007 is as of September)
FOREIGN DEBT, in billions of dollar
-- Fin. Ministry 20.0
-- ADB 21.3 19.5 17.4
-- World Bank 24.8 22.4 19.2 17.5
FOREIGN DEBT/GDP, pct
-- Government/Fin. Min *29.0 37.3 35.8
-- ADB 32.6 32.5
-- World Bank 30.5 31.6 31.5 32.9
FOREIGN DIRECT INVESTMENT, in billions of dollar
~2008 2007 2006 2005 2004 2003 2002 2001 2000
10.00 8.03 3.96 3.31 2.85 2.65 2.59 2.45 2.41
~: government target
MPI/GSO *June 08 *H1 2008 H1 2007
New projects 16.22 30.95 n/a
Increased capital n/a 0.66 1.20
Actual inflow n/a 5.00 3.63
OVERALL 2008 2007 2006 2005
MPI (2008: target) *35 20.3 10.2 5.89
World Bank (inflow) 5.5 2.8 2.4 2.00
FOREIGN PORTFOLIO INVESTMENT, in billions of dollar

June 08 Dec 07 Sept 07 June 07 Mar 07

*8.0 7.6 6.2 5.0 4.0
POPULATION

2007 2006 2005 2004 2003 2002 2001 2000
Mlns 85.20 84.16 83.11 82.03 80.90 79.73 78.69 77.64
URBAN UNEMPLOYMENT, pct

4.64 4.82 5.31 5.60 5.78 6.01 6.28 6.42
LONG-TERM CURRENCY RATINGS

Rating Outlook
Moody's (June 4, 08) Ba3 (foreign, local bonds) *Negative

B1 (foreign cur. deposit ceiling)*Negative
Fitch (May 29, 08) BB- (foreign) BB (local) *Negative
S&P (May 2, 08) BB/B (foreign) BB+/B (local) Negative

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