Vietnam: Financial openness

* indicates monthly or quarterly data series

Financial openness index

 Latest value -0.166
 Year 2021
 Measure index points
 Data availability 1970 - 2021
 Average -1.156
 Min - Max -1.931 - -0.166
 Source Chinn-Ito Index
For that indicator, we provide data for Vietnam from 1970 to 2021. The average value for Vietnam during that period was -1.156 index points with a minimum of -1.931 index points in 1970 and a maximum of -0.166 index points in 2008. The latest value from 2021 is -0.166 index points. For comparison, the world average in 2021 based on 176 countries is 0.322 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Vietnam - Financial openness  - Recent values chart

Historical chart
Vietnam - Financial openness  - historical chart - 1970-2021

Definition: The Chinn-Ito index measures a country's degree of capital account openness and was introduced in Chinn and Ito (Journal of Development Economics, 2006). It is based on variables that codify the restrictions on cross-border financial transactions in the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions. Higher values mean greater financial openness.

 Related indicators Latest value Reference Measure
 Terms of trade 101.68 2021 percent
 Trade openness 185.73 2022 percent
 Financial openness -0.166 2021 index points
 Exports, percent of GDP 93.99 2022 percent
 Exports, billion dollars 384.22 2022 billion U.S. dollars
 Growth of exports 5.72 2022 percent
 Imports, percent of GDP 91.74 2022 percent
 Imports, billion dollars 375.05 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 4.38 2022 percent
 Foreign Direct Investment, billion dollars 17.90 2022 billion U.S. dollars
 Portfolio investment inflows, equities 252.00 2014 million dollars (current)
 Current account, percent of GDP -1.50 2022 percent
 Current account, in dollars -1.07 2022 billion U.S. dollars
 Trade balance, percent of GDP 2.24 2022 percent
 Trade balance, in dollars 13.09 2022 billion U.S. dollars
 Reserves 86.54 2022 billion U.S. dollars
 Remittances, percent of GDP 3.22 2022 percent
 Remittances 13,150.61 2022 million U.S. dollars
 Net errors and omissions -31,141.00 2022 million USD
 External debt 37.70 2022 percent
 Short-term external debt 26.03 2022 percent
 Short-term debt to reserves 44.09 2022 percent
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