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 October 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.

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.

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 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).

Key information about Vietnam Industrial Production Index Growth

• Vietnam Industrial production rose 10.8 % YoY in Oct 2025, following an increase of 12.7 % YoY in the previous month.
• Vietnam Industrial production index growth rate YoY data is updated monthly, available from Jan 2013 to Oct 2025, with an average rate of 10.2 %.
• 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. The National 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 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).

The Vietnam MICE Market Report is Segmented by Event Type (Meetings, Incentives, and More), Source of Revenue (Tickets & Registration Fees, Accommodation, and More), Industry Participant (Corporate, Government & Public Sector, and More), and Region (Northern Vietnam, Central Vietnam, and More). The Market Forecasts are Provided in Terms of Value (USD).

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).

In 2021, the total revenue of the digital content industry in Vietnam reached *** million U.S. dollars, indicating a slight decrease compared to the year before. In that year, the total revenue of the IT industry amounted to around ****** billion U.S.dollars.

Vietnam: Industry value added, billion USD: The latest value from 2024 is 179.32 billion U.S. dollars, an increase from 163.05 billion U.S. dollars in 2023. In comparison, the world average is 168.28 billion U.S. dollars, based on data from 150 countries. Historically, the average for Vietnam from 1986 to 2024 is 49.09 billion U.S. dollars. The minimum value, 1.44 billion U.S. dollars, was reached in 1989 while the maximum of 179.32 billion U.S. dollars was recorded in 2024.

The Vietnam Fertilizers Market is Segmented by Type (Complex and Straight), Form (Conventional and Specialty), Application Mode (Fertigation, Foliar, and Soil), and Crop Type (Field Crops, Horticultural Crops, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

Vietnam Industrial Production Index: Computer, Electronic and Optical Products data was reported at 173.990 2015=100 in Mar 2019. This records an increase from the previous number of 127.800 2015=100 for Feb 2019. Vietnam Industrial Production Index: Computer, Electronic and Optical Products data is updated monthly, averaging 165.190 2015=100 from Jan 2017 (Median) to Mar 2019, with 27 observations. The data reached an all-time high of 213.730 2015=100 in Nov 2017 and a record low of 96.450 2015=100 in Jan 2017. Vietnam Industrial Production Index: Computer, Electronic and Optical Products data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.RF001: Industrial Production .

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).

Vietnam Home Improvement Market is Segmented by Product Type (Building Materials, Kitchen Improvement and Additions, and More), by Distribution Channel (Home Improvement Stores, Specialty Stores, and More), by End User (DIY, and DIFM / Professional Installation), by Project Type (Renovation, Remodelling, and More), by Region (Northern Vietnam, Central Vietnam, and More). The Market Forecasts are Provided in Terms of Value (USD).

In 2021, the total revenue of the electronics hardware industry in Vietnam reached over *** billion U.S. dollars, which was double that of 2016. This value has been increasing year on year during the observed period.

The Vietnam Waste Management Market Report is Segmented by Source (Residential, Commercial, Industrial, and More), by Service Type (Collection/Transportation/Sorting, and More), by Waste Type (Municipal Solid Waste, Industrial Hazardous Waste, E-Waste, Plastic Waste, Biomedical Waste, and More), and by Geography (Ho Chi Minh City, Hanoi, Da Nang, Rest of Vietnam). The Market Forecasts are Provided in Terms of Value (USD).

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.

Discover the booming Vietnamese construction market! This in-depth analysis reveals a $69.2B industry with an 8.10% CAGR, driven by infrastructure projects & urbanization. Explore key players, regional trends, and future projections for 2025-2033. 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.

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.