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.

Industrial Production in Vietnam increased 10.80 percent in June 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 2023, the labor productivity in the manufacturing sector in Vietnam reached over 204.2 million Vietnamese dong per employed person at current prices, indicating significant growth in the labor productivity of this sector. Since 2021, the share of trained labor working in manufacturing has increased sharply in the country.

The Vietnam Plastic Market report segments the industry into Type (Traditional Plastics, Engineering Plastics, Bioplastics), Technology (Blow Molding, Extrusion, Injection Molding, Other Technologies), and Application (Packaging, Electrical and Electronics, Building and Construction, Automotive and Transportation, Housewares, Furniture and Bedding, Other Applications). Get five years of historical trends and future forecasts.

Vietnam VN: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 14.400 % in 2017. This records an increase from the previous number of 11.900 % for 2016. Vietnam VN: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 11.106 % from Dec 1986 (Median) to 2017, with 32 observations. The data reached an all-time high of 14.400 % in 2017 and a record low of -21.839 % in 2010. Vietnam VN: GDP: Growth: 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: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.; ; 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 July of 2025.

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.

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.

CEIC extends history for Industrial Production Index Growth. General Statistics Office provides Industrial Production Index Growth with base 2015=100. Industrial Production Index Growth prior to January 2018 is calculated from Industrial Production Index Growth with base 2010=100.

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.

Vietnam VN: GDP: % of GDP: Gross Value Added: Industry data was reported at 33.339 % in 2017. This records an increase from the previous number of 32.715 % for 2016. Vietnam VN: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 32.715 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 40.209 % in 2004 and a record low of 22.674 % in 1990. Vietnam VN: GDP: % of GDP: Gross Value Added: Industry 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.WDI: Gross Domestic Product: Share of GDP. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

In 2023, the value of footwear exports from Vietnam was estimated to reach 20.24 billion U.S. dollars. This reflected a decrease compared to the previous year. Footwear products were among the leading commodities with the highest export value in Vietnam.

Industry (including construction), value added (current US$) in Vietnam was reported at 179319509944 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Industry, value added - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The size of the Vietnam Oil and Gas Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.50">> 3.50% during the forecast period. The oil and gas sector in Vietnam is a vital component of the nation's energy framework, playing a significant role in its economic advancement and energy stability. Situated in Southeast Asia, Vietnam possesses considerable offshore oil and gas reserves, especially within the Cuu Long Basin and the Nam Con Son Basin. These resources have established the country as a prominent participant in the regional energy arena. The industry includes the exploration, extraction, refining, and distribution of hydrocarbons, with state-owned entities like PetroVietnam being instrumental in its functioning. The oil and gas sector has been essential in fulfilling the increasing energy requirements of the nation and fostering industrial development. The government has prioritized attracting foreign investments and technological know-how to enhance its hydrocarbon resources and upgrade infrastructure. Nevertheless, the industry encounters various challenges, such as volatile global oil prices, shifts in regulations, and environmental issues. Additionally, there is a growing focus on diversifying the energy portfolio by integrating renewable energy sources to lessen reliance on fossil fuels and align with international sustainability objectives. In summary, the oil and gas industry in Vietnam continues to be a dynamic and crucial element of the economy, adeptly managing both opportunities and challenges while contributing to the nation's energy autonomy and growth. Recent developments include: In November 2021, ExxonMobil decided to invest in the Ca Voi Xanh (Blue Whale) gas production project located off Vietnam's central coast. The company is ready with the FEED document and is currently working on the project's development plan. The field is estimated to have around 150 billion cubic meters in reserves. The construction is expected to start during the forecast period., In April 2021, Pharos, the UK-based exploration and production company, announced plans to start the exploration phase in Block-125 of Phu Khanh basin, Vietnam. The company is expected to explore two areas within the block. The first is a deep-water area, expected to hold 1 billion barrels (bbl) of crude oil. The second area is a shallow-water area with around 100-200 million bbls of oil.. Key drivers for this market are: Increasing Global Demand for Refined Petroleum Products4., Economic Growth and Industrialization. Potential restraints include: Environmental Concerns and Regulations. Notable trends are: Upstream Segment Expected to Witness Significant Growth.

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.

Vietnam tooling market size reached USD 1.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.1 Billion by 2033, exhibiting a growth rate (CAGR) of 7.39% during 2025-2033. The expanding consumer electronics sector, the growing automotive industry in Vietnam, the rising infrastructure development projects, the escalating focus on aerospace manufacturing and the establishment of aerospace-related companies, and the support from the Vietnamese government are some of the factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1.1 Billion
Market Forecast in 2033	USD 2.1 Billion
Market Growth Rate (2025-2033)	7.39%

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 product type, material type, and end use industry.

Vietnam Number of Enterprise: TS: Year to Date: Industry: Manufacturing data was reported at 7,094.000 Unit in Mar 2025. This records an increase from the previous number of 6,568.000 Unit for Feb 2025. Vietnam Number of Enterprise: TS: Year to Date: Industry: Manufacturing data is updated monthly, averaging 4,714.000 Unit from Jan 2018 (Median) to Mar 2025, with 87 observations. The data reached an all-time high of 11,559.000 Unit in Dec 2024 and a record low of 1,129.000 Unit in Jan 2018. Vietnam Number of Enterprise: TS: Year to Date: Industry: Manufacturing data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.O034: Company Statistics. [COVID-19-IMPACT]

The Vietnamese MICE Industry Report is Segmented by Event Type (Meetings, Incentives, Incentives, Conventions, and Exhibitions) and Sector (Healthcare, Tourism, Technology, and Other Sectors (Finance)). The Report Offers Market Size and Forecasts for the Vietnamese MICE Industry in Value (USD) for the Above Segments.

The Vietnam Retail Industry market report segments the industry into By Product Type (Food, Beverage, and Tobacco Products, Personal Care and Household Care, Apparel, Footwear, and Accessories, Furniture, Toys, and Hobby, Industrial and Automotive, Electronic and Household Appliances, Other Products) and By Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Department Stores, and more.)

In 2023, the production volume of clothes in Vietnam amounted to approximately 5.7 million pieces, a slight decrease compared to the year before. Within the observed timeline, the volume of clothes produced in Vietnam had been increasing steadily year on year before falling slightly in 2020 due to the impact of the COVID-19 pandemic. Textile exports from Vietnam The manufacturing sector has become an important contributor to Vietnam’s GDP, as it develops into an increasingly export-based economy. Garment and textiles had one of the highest export turnovers among major commodities in Vietnam in recent years. Additionally, textile production has been among the biggest receivers of investment from both foreign and domestic sources. As a result, Vietnam has become one of the leading textiles exporting countries worldwide. Vietnam’s apparel industry post COVID-19 pandemic The COVID-19 pandemic has negatively impacted the apparel industry globally, and Vietnam is no exception. Many main import partners of Vietnamese textiles experienced a crash in demand due to the pandemic. This resulted in significant order cancellations and subsequently reported revenue loss for the country’s textile and apparel exports. On the other hand, Vietnam signed several new Free Trade Agreements in 2020, promising more opportunities for exporting its textile products in the future.

UNIDO pub. Expert report regarding economic and industrial development in Vietnam - covers (1) population; its distribution; manpower (2) the national economy; macroeconomics trends (3) the industrial sector; selected indicators; productivity; prospects (4) investment policy, statistics.