The Gross Domestic Product (GDP) in Vietnam expanded 8.23 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Vietnam GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Vietnam Real GDP Growth

• The Gross Domestic Product (GDP) in Vietnam expanded 3.0 % YoY in Sep 2025, following a growth of 9.5 % in the previous quarter.
• Real GDP Growth YoY data in Vietnam is updated quarterly, available from Jun 2010 to Sep 2025, with an average rate of 5.0 %.
• The data reached an all-time high of 20.1 % in Dec 2021 and a record low of -15.2 % in Mar 2025.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The National Statistics Office provides Real GDP in local currency, at 2010 prices.


Related information about Vietnam Real GDP Growth

• In the latest reports, Nominal GDP of Vietnam reached 476.3 USD bn in Dec 2024.
• Its GDP deflator (implicit price deflator) increased 3.4 % in Sep 2025.
• GDP Per Capita in Vietnam reached 4,700.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 37.2 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 30.6 % in Dec 2024.
• Public Consumption accounted for 8.9 % in Dec 2024.
• Private Consumption accounted for 53.9 % in Dec 2024.

In 2024, Vietnam’s real gross domestic product (GDP) increased by around 7.1 percent compared to the previous year. Vietnam's GDP growth is expected to slightly decrease to 5.3 percent until 2030. Learning from real GDP Real gross domestic product (GDP) is a measure that reflects the value of all goods and services an economy produces within a given year. It is expressed in base-year prices, and is thus an inflation-adjusted way to compare a country’s economic output through the years. The GDP growth rate is a significant indicator of a country’s economic health, as it reacts to the economy’s expansions and contractions. Vietnam’s optimistic future As indicated by the positive growth rate of its real GDP, Vietnam’s economy is expanding due to growth in exports, domestic demand, and the manufacturing sector. As the economy expands, so does the total expenditure of Vietnamese consumers. The average monthly income per capita in Vietnam increased to almost 3.8 percent in 2018, and is spent on fast moving consumer goods from popular brands like Vinamilk and P/S.

The Gross Domestic Product (GDP) in Vietnam was worth 476.39 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Vietnam represents 0.45 percent of the world economy. This dataset provides the latest reported value for - Vietnam GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Vietnam Nominal GDP Growth

• Vietnam Nominal GDP Growth was reported at 11.546 % in Dec 2024.
• This records an increase from the previous number of 7.264 % for Dec 2023.
• Vietnam Nominal GDP Growth data is updated yearly, averaging 11.606 % from Dec 2011 to 2024, with 14 observations.
• The data reached an all-time high of 29.200 % in 2011 and a record low of 4.375 % in 2020.
• Vietnam Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Annual.

CEIC calculates annual Nominal GDP Growth from annual Nominal GDP. The National Statistics Office provides Nominal GDP in local currency.

Full Year GDP Growth in Vietnam increased to 7.09 percent in 2024 from 5.05 percent in 2023. This dataset includes a chart with historical data for Vietnam Full Year Gdp Growth.

In 2024, Vietnam’s gross domestic product (GDP) amounted to around 459.5 billion U.S. dollars, and is expected to increase to 484.7 billion U.S. dollars by 2025. Gross domestic product denotes the aggregate value of all services and goods produced within a country in any given year, and it is an important indicator of a country’s economic power. Vietnam’s economy Vietnam’s economy has a strong agrarian base, with key agricultural exports of wet rice, coffee, and black pepper. However, in the past decade (2008 to 2018), agriculture's contribution to Vietnam's GDP has been decreasing while the country’s industry sector experienced rapid growth at the same time. As of 2018, Vietnam’s top exports include information technology hardware, such as broadcasting equipment and mobile devices. Vietnam’s regional comparison Vietnam is part of the Association of Southeast Asian Nations (ASEAN), which encompasses regional nations with the goal of fostering trade and economic growth. The region has been reporting increasing GDP, amounting to 2.9 trillion U.S. dollars in 2018. Vietnam is one of the ASEAN countries experiencing export trade growth, and has had consistent yearly growth in GDP, at a rate of around six percent.

Key information about Vietnam Private Consumption: % of GDP

• Vietnam Private Consumption accounted for 53.9 % of its Nominal GDP in Dec 2024, compared with a ratio of 54.3 % in the previous year.
• Vietnam Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 2010 to Dec 2024, with an average share of 58.0 %.
• The data reached an all-time high of 59.3 % in Dec 2015 and a record low of 53.9 % in Dec 2024.

CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. The National Statistics Office provides Private Consumption Expenditure and Nominal GDP in local currency.


Related information about Vietnam Private Consumption: % of GDP

• In the latest reports, Vietnam GDP expanded 3.0 % YoY in Sep 2025.
• Its Nominal GDP reached 476.3 USD bn in Dec 2024.
• Vietnam GDP Per Capita reached 4,700.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 37.2 % in Dec 2024.

The Gross Domestic Product per capita in Vietnam was last recorded at 4017.75 US dollars in 2024. The GDP per Capita in Vietnam is equivalent to 32 percent of the world's average. This dataset provides - Vietnam GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Vietnam Investment: % of GDP

• Vietnam Investment accounted for 30.6 % of its Nominal GDP in Dec 2024, compared with a ratio of 31.6 % in the previous year.
• Vietnam investment share of Nominal GDP data is updated yearly, available from Dec 2010 to Dec 2024, with an average ratio of 32.3 %.
• The data reached an all-time high of 37.1 % in Dec 2010 and a record low of 30.2 % in Dec 2013.

CEIC calculates Investment as % of Nominal GDP from annual Nominal Gross Capital Formation and annual Nominal GDP. The National Statistics Office provides Nominal Gross Capital Formation and Nominal GDP in local currency.


Related information about Vietnam Investment: % of GDP

• In the latest reports, Vietnam GDP expanded 3.0 % YoY in Sep 2025.
• Vietnam Nominal GDP reached 476.3 USD bn in Dec 2024.
• Its GDP deflator (implicit price deflator) increased 3.4 % in Sep 2025.
• Vietnam GDP Per Capita reached 4,700.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 37.2 % in Dec 2024.

Key information about Vietnam Nominal GDP

• Vietnam Nominal GDP reached 476.3 USD bn in Dec 2024, compared with 433.7 USD bn in the previous year.
• Nominal GDP in Vietnam is updated yearly, available from Dec 2010 to Dec 2024, with an average number of 281.4 USD bn.
• The data reached an all-time high of 476.3 USD bn in Dec 2024 and a record low of 147.2 USD bn in Dec 2010.

CEIC converts annual Nominal GDP into USD. The National Statistics Office provides Nominal GDP in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions.


Related information about Vietnam Nominal GDP

• In the latest reports, Vietnam GDP expanded 3.0 % YoY in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 3.4 % in Sep 2025.
• Vietnam GDP Per Capita reached 4,700.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 37.2 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 30.6 % in Dec 2024.
• Public Consumption accounted for 8.9 % in Dec 2024.
• Private Consumption accounted for 53.9 % in Dec 2024.

In 2024, the gross domestic product (GDP) per capita at current prices in Vietnam amounted to around 4,536 U.S. dollars. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. Vietnam’s economy In the last decade, the Vietnamese economy has experienced consistent economic growth with a six to seven percent increase in GDP from year to year. The country’s economy is fueled by its exports of natural resources and agricultural products, though since 2008 its information technology hardware exports have risen substantially. Vietnam’s agriculture and service sectors generate over 56 percent of Vietnam’s gross domestic product. Vietnam’s population The majority of Vietnam’s population works in the agriculture or service industries, and the country has one of the world’s lowest unemployment rates at just 1.8 percent in 2018. The population is relatively young, with the median age expected to reach 32.5 years by 2020. The median age has increased significantly from its low point of 18.2 years in 1970, around the time Vietnam was being devastated by war. Since then, the country’s population has increased as well, reaching over 94 million people in 2018.

GDP from Services in Vietnam decreased to 738714 VND Billion in the third quarter of 2025 from 746858 VND Billion in the second quarter of 2025. This dataset provides - Vietnam Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, Vietnam’s service sector contributed the largest percentage to the country’s gross domestic product (GDP), at 42.36 percent. The service sector consists of the production of intangible goods to businesses and final consumers. Approximately 35.79 percent of the Vietnamese population works in the service sector. A young, working population About 69 percent of Vietnam’s 94 million inhabitants are part of the workforce, or between 15 to 64 years. The country’s workforce has a low unemployment rate of around 1.8 percent, and it is considered a strong regional economic leader, with a yearly economic growth rate of between 6 and 7 percent. Changes in Vietnam’s economy Vietnam’s economy has experienced several drastic shifts over the course of the country’s history, most recently during and following the events of the Indochina Wars: when the North and South were divided politically in the 1950’s, each adopted different economic ideologies, with a communist economy in the North and a capitalist economy in the South. After the country was reunified in 1975, the economy was joined into a socialist-oriented market economy, which has enacted several five-year plans and economic renewal campaigns in order to grow its national economy.

Actual value and historical data chart for Vietnam GDP Per Capita Growth Annual Percent

GDP from Manufacturing in Vietnam increased to 419519 VND Billion in the third quarter of 2025 from 387403 VND Billion in the second quarter of 2025. This dataset provides - Vietnam Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Vietnam Public Consumption: % of GDP

• Vietnam Public Consumption accounted for 8.9 % of its Nominal GDP in Dec 2024, compared with a share of 8.8 % in the previous year.
• Vietnam Public Consumption share of Nominal GDP ratio is updated yearly, available from Dec 2010 to Dec 2024, with an average number of 10.1 %.
• The data reached an all-time high of 10.9 % in Dec 2013 and a record low of 8.8 % in Dec 2022.

CEIC calculates Government Consumption as % of Nominal GDP from annual Government Consumption Expenditure and annual Nominal GDP. The National Statistics Office provides Government Consumption Expenditure and Nominal GDP in local currency.


Related information about Vietnam Public Consumption: % of GDP

• In the latest reports, Vietnam GDP expanded 3.0 % YoY in Sep 2025.
• Vietnam Nominal GDP reached 476.3 USD bn in Dec 2024.
• Its GDP deflator (implicit price deflator) increased 3.4 % in Sep 2025.
• Vietnam GDP Per Capita reached 4,700.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 37.2 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 30.6 % in Dec 2024.
• Private Consumption accounted for 53.9 % in Dec 2024.

Actual value and historical data chart for Vietnam Trade Percent Of GDP

Key information about Vietnam Foreign Direct Investment: % of GDP

• Vietnam Foreign Direct Investment (FDI) registered a growth equal to 4.2 % of the country's Nominal GDP in Dec 2024, compared with a growth equal to 4.3 % in the previous year.
• Vietnam Foreign Direct Investment: % of Nominal GDP data is updated yearly, available from Dec 1985 to Dec 2024.
• The data reached an all-time high of 1,280.0 % in Dec 2012 and a record low 130.0 % in Dec 2004.

CEIC calculates annual Foreign Direct Investment as % of Nominal GDP from quarterly Foreign Direct Investment and annual Nominal GDP. The State Bank of Vietnam provides Foreign Direct Investment in USD. The National Statistics Office provides Nominal GDP in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions. Foreign Direct Investment as % of Nominal GDP prior to 2012 is sourced from the World Bank.


Related information about Vietnam Foreign Direct Investment: % of GDP

• In the latest reports of Vietnam, Current Account recorded a surplus of 8.7 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 5.4 USD bn in Jun 2025.
• Vietnam Direct Investment Abroad expanded by 140.0 USD mn in Jun 2025.
• Its Foreign Portfolio Investment fell by 714.0 USD mn in Jun 2025.
• The country's Nominal GDP was reported at 476.3 USD bn in Dec 2024.

Monthly and long-term Vietnam economic indicators data: historical series and analyst forecasts curated by FocusEconomics.