Vietnam Macro Flash Note - Current account returns to surplus in Q3 2022

Vietnam’s balance of payments (BoP) recorded a deficit of USD15.6bn in Q3 2022, expanding the overall BoP deficit in 9M 2022 to USD21.5bn vs a surplus of USD12.2bn in 9M 2021, according to the latest data from the State Bank of Vietnam (SBV). The BoP deficit in 9M 2022 was mainly due a large negative errors & omissions (E&O) line of USD8.9bn incurred in Q2 2022 and USD12.2bn in Q3 2022.

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