Vietnam’s Current Account Surplus to Widen
Country Risk / Vietnam / Mon 06 May, 2024
Key View
- We expect rising electronics exports, growing inbound tourism and remittances to support the current account balance in 2024.
- However, we also expect an uptick in coal imports due to heatwaves, a poorer trade balance specifically in steel due to heightened competition from China in Vietnam's steel market.
- Overall, we think the picture is