Industrial Production in Vietnam increased 13.60 percent in September of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Vietnam Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, around **** million people worked in the agriculture, forestry, and fishing sector in Vietnam, making this sector the largest employer among all industries. By comparison, the manufacturing industry employed approximately **** million people, making it the second-highest employed population that year. Employment shift: from agriculture to non-agriculture sectors Although agriculture was still the sector employing the most people in Vietnam, the workforce in this sector has been shrinking fast across the last decade. At the same time, other sectors that are the main driving forces behind the reformed Vietnamese economy have been benefiting from this employment trend. For instance, the manufacturing sector’s share of total employment has been growing in recent years, reaching close to ** percent in 2023, compared to under ** percent at the beginning of the decade. Vietnam’s export-oriented economy Since its economic reform at the end of the 1980s, Vietnam has positioned itself as an export-oriented economy. This has come hand in hand with the mentioned employment shift, as the manufacturing sector has been responsible for the majority of the country’s most important export commodities, such as mobile phones, electronics, and textiles. On the other hand, coming from an economy previously highly dependent on agriculture, products from this sector, namely timber and aquaculture products, have also contributed to Vietnam’s export income.

Vietnam VN: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 15.278 % in 2017. This records an increase from the previous number of 14.266 % for 2016. Vietnam VN: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 16.485 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 22.371 % in 1986 and a record low of 12.256 % in 1990. Vietnam VN: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Industry (including construction), value added (% of GDP) in Vietnam was reported at 37.64 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The Vietnam Construction Market Report is Segmented by Sector (Residential, Commercial, Infrastructure), by Construction Type (New Construction, Renovation), by Construction Method (Conventional On-Site, Modern Methods), by Investment Source (Public, Private), and by Geography (Ho Chi Minh City, Hanoi, Da Nang, Rest of Vietnam). The Market Forecasts are Provided in Terms of Value (USD).

The Vietnamese construction industry, valued at $69.20 billion in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) of 8.10% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, significant government investment in infrastructure development, particularly in transportation networks and energy projects, is creating substantial demand. Secondly, rapid urbanization and a growing middle class are boosting residential and commercial construction activities. Thirdly, Vietnam's strategic location and its role in global supply chains attract foreign direct investment, further stimulating construction projects. However, the industry faces challenges including potential labor shortages, rising material costs, and the need for enhanced sustainability practices. The segmentation reveals a diverse market, with residential, commercial, industrial, infrastructure, and energy & utilities construction all contributing significantly. Major players like Song Da Corp JSC, Coteccons Construction JSC, and Hoa Binh Construction Group JSC dominate the market, though competition is expected to intensify with the emergence of new entrants and international players. The forecast period (2025-2033) anticipates continued growth, albeit potentially at a slightly moderated pace towards the latter half due to global economic fluctuations and potential shifts in government priorities. Specific sector growth rates will vary, with infrastructure and residential construction likely to remain strong drivers. Addressing labor shortages and enhancing project management efficiency will be critical to maintain the projected CAGR. The industry's success hinges on adapting to changing global trends, embracing sustainable building practices, and fostering collaborations between domestic and international firms. This will ensure the Vietnamese construction industry remains a significant contributor to the nation's economic development. Recent developments include: November 2023: COFICO and joint venture partners TVC and Searefico opportunistically attended the Taking Over Singing Ceremony of The New Betalactam Factory that Meets Global GMP Standards for the Investor – DHG Pharmaceutical Joint Stock Company. The project is located at Tan Phu Thanh Industrial Park – Phase 1, Chau Thanh A district, Hau Giang province, with a total project area of about 6 hectares. It is expected that after completion and operation in 2024, the Betalactam factory will meet global GMP standards, requiring high technical specifications in the stages of design, construction, and finishing. This project holds particular significance for the plan to develop high-quality product lines and deliver numerous qualified product lines to replace imported drugs for consumers of DHG Pharma., October 2023: Song Da Corp JSC invested in the implementation of the 500kV circuit 3 line projects (from Quang Trach, Quang Binh, to Pho Noi, Hung Yen) at the Government Headquarters. Deputy Prime Minister Tran Hong Ha requested the Ministry of Industry and Trade to strictly adhere to the specific planning and critical paths (charts) of the project's implementation progress, in accordance with the Prime Minister's direction. According to a report by Vietnam Electricity Group (EVN), the 500 kV line circuit 3 (from Quang Trach, Quang Binh, to Pho Noi, Hung Yen) includes four component projects: Quang Trach - Quynh Luu, Quynh Luu - Thanh Hoa, Nam Dinh 1 - Thanh Hoa, and Nam Dinh 1 - Pho Noi.. Key drivers for this market are: Urbanization and population growth, Government policies and Foreign Investnents. Potential restraints include: Urbanization and population growth, Government policies and Foreign Investnents. Notable trends are: Government plans to develop Infrastructure driving the Construction Market.

The revenue in the food market in Vietnam was modeled to be ************* U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************* U.S. dollars since 2018. Between 2024 and 2030, the revenue will rise by ************* U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Food.

The hospitality industry in Vietnam is experiencing robust growth, driven by a surge in international and domestic tourism. The market size stood at USD 5.16 million in 2025 and is projected to reach USD 27.94 million by 2033, exhibiting a remarkable CAGR of 13.94%. Key drivers fueling this growth include government initiatives to promote tourism, rising disposable income, and increased air connectivity. The industry landscape is fragmented, with a mix of chain hotels, independent hotels, and specialized segments such as service apartments and budget hotels. Major players like InterContinental Hotels Group, Vinpearl, and Saigon Tourist hold a significant market share. Loyalty programs play a crucial role in customer retention, with major hotel brands offering attractive incentives and rewards. The industry faces challenges such as seasonality, competition from online travel agencies, and a need for sustainable practices. Nonetheless, the outlook for the Vietnamese hospitality sector remains positive, supported by continued economic growth and the country's appeal as a tourist destination. Recent developments include: November 2023: Marriott International recently revealed the launch of three upscale hotels in sought-after vacation spots in Vietnam. These comprise the Nha Trang Marriott Resort & Spa on Hon Tre Island, the Danang Marriott Resort & Spa in Non-Nuoc Beach Villas, and the Renaissance Hoi An Resort & Spa., August 2023: Fusion Hotel Group recently revealed the debut of Ixora Ho Tram by Fusion, a deluxe resort emphasizing wellness. Featuring 164 luxurious guestrooms and 46 exclusive villas, this outstanding establishment offers magnificent views of the beautiful coastline in southern Vietnam.. Key drivers for this market are: 4., Growth in Tourism is Driving the Market4.; Hotel Development in the Country Drives the Market Growth. Potential restraints include: 4., Lack Of Skilled Labour Is A Challenge For The Market4.; Regulatory Environment for Investors is a Challenge for Hospitality Sector. Notable trends are: Rise in the Number of Visitors to the Country is Driving the Hospitality Industry.

The Vietnam Plastics Market Report is Segmented by Type (Traditional Plastics, Engineering Plastics, and Bioplastics), Technology (Blow Molding, Extrusion, Injection Molding, and Other Technologies), Application (Packaging, Electrical and Electronics, Building and Construction, Automotive and Transportation, Housewares, Furniture and Bedding, and Other Applications). The Market Forecasts are Provided in Terms of Volume (Tons).

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.

The Vietnam Retail Market Report is Segmented by Product Type (Food, Beverage, and Tobacco Products, Personal Care and Household Care, and More), Retail Channel (Traditional Mom and Pop Retail, Modern Trade Retail, E-Commerce, and Others), and Format (Hypermarkets, Supermarkets, Convenience Stores, Department Stores, Specialty Stores, and Others). The Market Forecasts are Provided in Terms of Value (USD).

Key information about Vietnam Industrial Production Index Growth

• Vietnam Industrial production rose 17.2 % YoY in Feb 2025, following a drop of 1.0 % YoY in the previous month.
• Vietnam Industrial production index growth rate YoY data is updated monthly, available from Jan 2013 to Feb 2025, with an average rate of 7.4 %.
• The data reached an all-time high of 23.7 % in Feb 2020 and a record low of -11.3 % in Jan 2023.

Wages in Manufacturing in Vietnam decreased to 8400 VND Thousand/Month in the first quarter of 2024 from 10300 VND Thousand/Month in the fourth quarter of 2023. This dataset provides - Vietnam Wages In Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of cars in operation per 1,000 people in Vietnam was forecast to continuously increase between 2023 and 2028 by in total 1.9 cars (+7.15 percent). After the fifth consecutive increasing year, the number of cars is estimated to reach 28.5 cars and therefore a new peak in 2028. Notably, the number of cars in operation per 1,000 people was continuously increasing over the past years.Cars in this context do not take into account vans or trucks.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the number of cars in operation per 1,000 people in countries like Indonesia and Singapore.

The Vietnam Retail market size was valued at USD 220.22 Billion in 2022 and is likely to reach USD 610.69 Billion by 2031, expanding at a CAGR of 12% during 2023 – 2031. The growth of the market is attributed to the rising tourism activities, increasing disposable income, changing consumer taste and preferences, changing demographic profile, healthy economic growth, and rapid urbanization.

Retail market is the market for the sale of goods and services to various consumers rather than intermediaries and producers through various channels of distribution to earn the profits. Retail shops are available in various ranges from strip shopping centers in the residential markets to large and indoor shopping malls and complexes. Wholesalers are the independent organizations in the distribution channel, which buy the goods in bulk and then sell it to the resellers rather than consumers.

The retail market includes sale of goods to the ultimate users which gives the services of making goods available in different locations and large quantities. It involves the buying of goods from wholesalers and then displaying the goods for selling it to the customers physically or online. Wholesalers and retailers take the ownership of the goods to bear the risk of carrying inventory.

Vietnam Retail Market Trends, Drivers, Restraints, and Opportunities

• 
  

  Rapid growth in the retail data is major factor propelling the market growth during the forecast period.

  
  


• 
  

  Increasing digitization to enhance customer experience and retail operations is projected to push the market expansion in the coming years.

  
  


• 
  

  Lack of technology adoption by various unorganized retail sector acts as key challenges that can impede the market growth.

  
  &

Snapshot img

Vietnam Retail Market Size 2025-2029

The Vietnam retail market size is forecast to increase by USD 278.7 billion, at a CAGR of 14.7% between 2024 and 2029. The Vietnam Retail Market is segmented by distribution channel (Offline, Online), type (Grocery, Electronics and Appliances, Home and Garden, Health and Beauty, Others), channel (Cash, Digital Payment, Buy Now Pay Later (BNPL)), store type (Supermarkets, Convenience Stores, Online, Specialty Stores), consumer segment (Urban Middle Class, Rural Consumers, Young Shoppers), and geography (APAC: Vietnam). This segmentation reflects the market's diversity, driven by strong demand for Grocery and Health and Beauty products among Urban Middle Class and Young Shoppers, growing Online channels with Digital Payment and BNPL options, and the dominance of Supermarkets and Convenience Stores for Offline purchases catering to both Rural Consumers and urban preferences across Vietnam in the APAC region.

Major Market Trends & Insights

Based on the Distribution Channel, the offline segment led the market and was valued at USD 212.20 billion of the global revenue in 2023.
Based on the Type, the Grocery segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 299.79 Billion
Future Opportunities: USD 278.7 Billion
CAGR (2024-2029): 14.7%

The market is experiencing significant growth, driven primarily by the increasing demand for convenience food products. This trend is closely linked to the emergence of urban lifestyles, as more consumers in Vietnam's cities seek out quick and easy meal solutions. However, this growth comes with challenges. Logistical and supply chain issues persist, posing significant obstacles for retailers looking to meet the surging demand for convenience foods. Efficiently managing the distribution and delivery of these products is essential for companies aiming to capitalize on this market opportunity and maintain a competitive edge. Navigating these challenges requires strategic planning and innovative solutions to ensure the timely and cost-effective delivery of convenience food products to consumers in Vietnam's urban areas. Companies that can effectively address these logistical hurdles will be well-positioned to thrive in this dynamic and expanding market.

What will be the size of the Vietnam Retail Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In Vietnam's dynamic retail market, pricing optimization plays a crucial role in staying competitive. Consumer spending habits continue to shape the industry, with franchise models adapting to local preferences. Sustainability initiatives and compliance standards are increasingly important, driving retailers to prioritize environmental impact and social responsibility. Merchandising strategies and sales forecasting help businesses optimize profit margins and performance metrics, while product recall procedures and food safety regulations ensure customer satisfaction and protect against product liability. E-commerce fraud and intellectual property rights pose challenges, necessitating robust risk management and business intelligence. Sales data analysis and employee training are essential for addressing inventory shrinkage and supply chain disruptions. The grocery segment is the second largest segment of the type and was valued at USD 101.20 billion in 2023.
Competitor mapping and store security systems are crucial for market penetration and maintaining regulatory compliance. Consumer confidence is influenced by economic indicators, with private label brands gaining popularity. Retailers must navigate complex import/export regulations and adhere to consumer protection laws. Adopting a proactive approach to corporate governance and regulations compliance is vital for long-term success. Market trends include a focus on food safety, sustainability, and digital transformation. Retailers must balance these priorities with managing their workforce, implementing merchandising strategies, and addressing product liability concerns. Effective risk management and supply chain resilience are essential for mitigating the impact of potential crises.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Type

  Grocery
  Electronics and appliances
  Home and garden
  Health and beauty
  Others


Channel

  Cash
  Digital payment
  Buy now pay later (BNPL)


Store Type

  Supermarkets
  Convenience Stores
  Online
  Specialty Stores


Consumer Segment

  Urban Middle Class
  Rural Consumers

The Vietnam ICT Market Report is Segmented by Type (IT Hardware, IT Software, IT Services, IT Infrastructure, Communication Services), End-User Enterprise Size (Small and Medium Enterprises, Large Enterprises), End-User Industry Vertical (Government and Public Administration, BFSI, Energy and Utilities, Retail, E-Commerce and Logistics, and More). The Market Forecasts are Provided in Terms of Value (USD).

Vietnam industrial robotics market size reached USD 99.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 167.5 Million by 2033, exhibiting a growth rate (CAGR) of 5.4% during 2025-2033. The increasing application of automation across various industries, including automotive, electronics, healthcare, and food processing that helps companies meet the growing demands of mass production, customization, and flexibility, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, function, and end use industry.

In 2023, the number of companies in operation in Vietnam's industry and construction sector amounted to approximately *******, reflecting a year-on-year increase. Meanwhile, the number of new enterprises in this sector reached ****** in the same year.

The Vietnam Fintech Market size is XX, is evolving with market opportunities, industry outlook, and strategic insights. Gain insights on market segmentation, growth projection, and player analysis.