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.

The Vietnam IT Services Market is Segmented by Service Type (IT Consulting and Implementation, IT Outsourcing, Business Process Outsourcing, and More), End-User Enterprise Size (Small and Medium Enterprises and Large Enterprises), and End-User Vertical (BFSI, Manufacturing, Government and Public Sector, Healthcare and Life-Sciences, Retail and Consumer Goods, and More). The Market Forecasts are Provided in Terms of Value (USD).

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 2019, the number of newly established businesses for the industry sector reached about ***** thousand. In that year, there were *** new enterprises for mining and quarrying, ***** thousand new enterprises for manufacturing as well as **** thousand new enterprises for water and waste management in Vietnam.

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.

Tk Industry Vietnam Co Limited Export Import Data. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

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 smart manufacturing market size reached USD 116.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 303.6 Billion by 2033, exhibiting a growth rate (CAGR) of 10.7% during 2025-2033. The increasing labor costs across the region, several technological advancements in automation, artificial intelligence (AI), and the Internet of Things (IoT), and the implementation of several initiatives such as incentives, tax breaks, and subsidies to create a favorable environment represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 116.8 Billion
Market Forecast in 2033	USD 303.6 Billion
Market Growth Rate (2025-2033)	10.7%

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 component, technology, and end use.

The Vietnam warehousing market attained a value of USD 5.25 Billion in 2024. The market is expected to grow at a CAGR of 11.20% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 15.18 Billion.

A key driver of the Vietnam warehousing market is the deployment of fully automated robotic fleets in parcel sortation centres, which boosts throughput and operational precision in response to the surge in e-commerce. For example, in early 2025, the postal and courier firm Viettel Post deployed around 200 automated-guided vehicles (AGVs) across one of its Hanoi warehouses to sort packages for major online retailers. This innovation allows processing capacity to increase by roughly 3.5 times and cuts delivery times by 8-10 hours, aligning warehousing capabilities with Vietnam’s high-growth digital-commerce ecosystem.

The growth of the Vietnam warehouse market is further driven by strong economic growth. With rising manufacturing, retail and e-commerce, the demand for efficient storage and distribution is escalating. As per the General Statistics Office of Vietnam, Vietnam’s GDP was estimated to rise by 7.09% in 2024. Increasing foreign direct investment (FDI) and industrial production boost warehousing needs, particularly near manufacturing hubs and ports. This growth encourages developers and logistics firms to invest in modern warehouse infrastructure, supporting the country’s evolving supply chains.

The Vietnam warehousing industry is embracing technologies, such as warehouse management systems (WMS), automation, and robotics. These technologies improve inventory accuracy, reduce labour costs, and speed up operations. In August 2024, Nissin Logistics Vietnam partnered with MEKSMART to implement a custom NISSIN-WMS across their major warehouses in Binh Duong and Bac Ninh provinces. The push towards Industry 4.0 practices enables better supply chain visibility and efficiency. Although automation adoption is still in early stages compared to developed markets, rising labour costs and demand for high service quality encourage increased investment in tech-enabled warehouses.

The Vietnam industrial real estate market exhibits robust growth potential, projected to reach $19.07 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 15.42% from 2025 to 2033. This expansion is driven by several key factors. Firstly, Vietnam's burgeoning manufacturing sector, fueled by foreign direct investment (FDI) and participation in global supply chains, necessitates increased warehouse and factory space. Secondly, the rise of e-commerce significantly boosts demand for logistics facilities, particularly in key cities like Ho Chi Minh City and Hanoi. Thirdly, government initiatives aimed at improving infrastructure and attracting further FDI are creating a favorable investment climate. The market is segmented across various property types, including offices, retail, industrial, logistics, multi-family, and hospitality, with industrial and logistics experiencing the most rapid growth. Leading players like Nam Long Investment Corporation, Coteccons Construction JSC, and Vingroup are actively shaping the market landscape, competing for projects and driving innovation in design and construction. Despite this positive outlook, challenges remain. Land scarcity in prime locations, particularly around major urban centers, can constrain development. Rising construction costs and labor shortages also pose potential headwinds. However, the long-term prospects remain strong, particularly given the government's focus on industrial development and the continued influx of FDI. The ongoing expansion of manufacturing zones and the improvement of transportation infrastructure will further fuel this growth, making Vietnam an attractive destination for industrial real estate investment in the coming years. Strategic partnerships between local and international players will likely be crucial in navigating the challenges and capitalizing on the opportunities in this dynamic market. This comprehensive report provides an in-depth analysis of the burgeoning Vietnam industrial real estate market, offering invaluable insights for investors, developers, and businesses operating within this dynamic sector. Covering the period from 2019 to 2033, with a base year of 2025, this study forecasts robust growth, driven by factors such as rising foreign direct investment (FDI), robust manufacturing expansion, and strategic government initiatives. Keywords: Vietnam industrial real estate, Vietnam logistics real estate, Vietnam factory space, Ho Chi Minh City industrial parks, Hanoi industrial property, industrial land Vietnam, Vietnam warehouse space, manufacturing facilities Vietnam. Key drivers for this market are: Urbanization and Infrastructure Development, Sustainable Construction Practices. Potential restraints include: Labor Shortages and Costs. Notable trends are: Growth in Vietnamese E-commerce to Drive the Industrial Real Estate Market.

Tokudai Industry Vietnam Company Limited Export Import Data. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

Actual value and historical data chart for Vietnam Employment In Industry Percent Of Total Employment

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 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 Vietnam Furniture market was valued at USD 2.45 Billion in 2024 and is expected to grow to USD 5.02 Billion by 2030 with a CAGR of 6.72% during the forecast period.

Pages	82
Market Size	2024: USD 2.45 Billion
Forecast Market Size	2030: USD 5.02 Billion
CAGR	2025-2030: 6.72%
Fastest Growing Segment	Online
Largest Market	Southern
Key Players	1. Cam Ha Joint Stock Company 2. Duc Thanh Wood Processing Jsc. 3. AA Corporation 4. Tran Duc Furnishings 5. Kaiser Furniture Industry (Vietnam) Co., Ltd 6. Phan Le Furniture 7. Woodnet Ltd 8. ATC Furniture 9. Lam Nguyen Co Ltd 10. Minh Duong Chu Lai Furniture Corporation

Explore Vietnam's Semiconductor & Electronics Manufacturing Market projected to grow at a CAGR of 9.45% during 2025-30. Discover key trends, drivers, and opportunities.

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 Credit: Outstanding: Industry & Construction: Construction data was reported at 655,220.340 VND bn in May 2018. This records a decrease from the previous number of 664,027.140 VND bn for Apr 2018. Vietnam Credit: Outstanding: Industry & Construction: Construction data is updated monthly, averaging 402,610.500 VND bn from Apr 2012 (Median) to May 2018, with 74 observations. The data reached an all-time high of 664,027.140 VND bn in Apr 2018 and a record low of 253,245.000 VND bn in Apr 2012. Vietnam Credit: Outstanding: Industry & Construction: Construction data remains active status in CEIC and is reported by State Bank of Vietnam. The data is categorized under Global Database’s Vietnam – Table VN.KA007: Credit by Economic Sector.

Innocraft Wood Industry Vietnam Company Limited Export Import Data. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

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.