In 2023, the service sector in Vietnam was estimated to account for ***** percent of the country's gross domestic product (GDP), reflecting a gradual increase compared to the year prior. This sector has consistently remained the largest contributor to Vietnam’s economy in recent years.  A blooming retail market  The service sector consists of a wide range of economic activities, with some of the most important sub-sectors being wholesale and retail, finance, banking and insurance, transportation, and accommodation and catering services. Wholesale and retail accounts for the largest proportion of the service sector, partially due to the growing retail sales value of goods and services in Vietnam. With a young population and an expanding middle class, e-commerce is increasingly relevant within the retail sector. Vietnam’s e-commerce share of total retail sales has been growing consistently in recent years. Vietnam’s optimistic economic development  Vietnam is among the countries with the highest GDP growth in the world. Next to the increasing export of goods from Vietnam, the country was also among the countries with the highest average salary growth in the Asia Pacific region in 2023. This indicates that Vietnam is an emerging market with healthy domestic demand, alongside its emergence as a manufacturing hub.

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.

Vietnam: Value added in the services sector as percent of GDP: The latest value from 2024 is 42.36 percent, an increase from 42.29 percent in 2023. In comparison, the world average is 55.77 percent, based on data from 151 countries. Historically, the average for Vietnam from 1986 to 2024 is 40.12 percent. The minimum value, 29.74 percent, was reached in 1988 while the maximum of 44.06 percent was recorded in 1995.

Vietnam GDP: Year to Date: Service: Accommodation & Food Service Activities data was reported at 153,671.100 VND bn in Sep 2018. This records an increase from the previous number of 90,800.211 VND bn for Jun 2018. Vietnam GDP: Year to Date: Service: Accommodation & Food Service Activities data is updated quarterly, averaging 97,167.606 VND bn from Dec 2012 (Median) to Sep 2018, with 24 observations. The data reached an all-time high of 191,743.000 VND bn in Dec 2017 and a record low of 30,807.898 VND bn in Mar 2013. Vietnam GDP: Year to Date: Service: Accommodation & Food Service Activities data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.A006: Gross Domestic Product: By Industry: Current Price: Quarterly.

Vietnam VN: GDP: Growth: Imports of Goods and Services data was reported at 17.500 % in 2017. This records an increase from the previous number of 15.285 % for 2016. Vietnam VN: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 16.026 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 41.823 % in 1993 and a record low of -6.821 % in 2009. Vietnam VN: GDP: Growth: Imports of Goods and Services 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 of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

In 2023, exports of goods and services equaled around ** percent of the gross domestic product (GDP) of Vietnam. Vietnam is an export-oriented economy, among the main exports of the country in recent years were electronics, mobile phones, and textiles.

Vietnam VN: GDP: Growth: Gross Value Added: Services data was reported at 6.984 % in 2016. This records an increase from the previous number of 6.325 % for 2015. Vietnam VN: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 6.984 % from Dec 1986 (Median) to 2016, with 31 observations. The data reached an all-time high of 15.119 % in 1989 and a record low of -7.651 % in 2010. Vietnam VN: GDP: Growth: Gross Value Added: Services 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 value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial 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;

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.

Key information about Vietnam Total Trade of Goods and Services: % of Nominal GDP

• Vietnam Total Trade of Goods & Services: % of Nominal GDP recorded 186.965 % in Dec 2021, compared with 163.161 % in the previous year.
• Vietnam Total Trade of Goods & Services: % of Nominal GDP data is updated yearly, available from Dec 2010 to Dec 2021, with an averaged value of 144.016 %.
• The data reached an all-time high of 186.965 % in Dec 2021 and a record low of 113.440 % in Dec 2010.

CEIC calculates annual Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and annual Nominal GDP. State Bank of Vietnam provides Total Trade of Goods and Services in USD and General Statistics Office provides Nominal GDP in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions. Total Trade of Goods and Services as % of Nominal GDP prior to 2012 is calculated from Total Trade sourced from the International Monetary Fund. Balance of Payments is used due to lack of National Accounts statistics.

Vietnam: Exports of goods and services as percent of GDP: The latest value from 2023 is 86.47 percent, a decline from 93.42 percent in 2022. In comparison, the world average is 45.02 percent, based on data from 162 countries. Historically, the average for Vietnam from 1986 to 2023 is 55.35 percent. The minimum value, 3.95 percent, was reached in 1988 while the maximum of 93.85 percent was recorded in 2021.

Exports of goods and services (% of GDP) in Vietnam was reported at 86.47 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The size of the Vietnam Food Service 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% during the forecast period. The food and beverage services in Vietnam that are offered outside of the home, such as restaurants, cafes, bars, and catering services, make up the Vietnam food service industry. The market is fueled by the rise in urban population, increasing incomes, and the growing popularity of eating out. Jollibee Foods Corporation and KFC are dominating the market with widespread outlet networks and strong brand recognition. The market landscape is being greatly influenced by the rise of online food delivery and the increasing popularity of cloud kitchens. Even though there are obstacles like fierce competition and strict food safety requirements, the market's optimistic future is driven by continuous advancements and the growth of global food companies. This path underscores the critical importance of Vietnam's food service sector in the economy and its potential for ongoing market expansion. Recent developments include: March 2023: Starbucks is committed to expanding in the country. It inaugurated 13 new stores to reach 100 stores by the end of 2023.January 2023: Restaurant Brands International Inc. opened a single store for both Burger King and Popeyes in Hanoi City.December 2022: KFC launched Charcoal Grilled Chicken Rice in Vietnam, which contains chicken fillets grilled on charcoal with Japanese Teriyaki sauce.. Key drivers for this market are: Growing Demand for Cocoa Butter Equivalents Among Food Manufacturers, Rising Application in Food Industry. Potential restraints include: Health Concerns Pertaining to the Excessive Consumption of Fats and Oils. Notable trends are: Michelin Guide and Vietnam Tourism Promote Vietnamese Cuisine drives the expansion of the full service restaurants across the country.

Vietnam VN: GDP: % of GDP: Gross Value Added: Services data was reported at 40.925 % in 2016. This records an increase from the previous number of 39.733 % for 2015. Vietnam VN: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 38.798 % from Dec 1986 (Median) to 2016, with 31 observations. The data reached an all-time high of 44.061 % in 1995 and a record low of 29.741 % in 1988. Vietnam VN: GDP: % of GDP: Gross Value Added: Services 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. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial 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;

Trade in services (% of GDP) in Vietnam was reported at 12.6 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Trade in services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Vietnam VN: BOP: Current Account: Trade in Services: % of GDP data was reported at 13.442 % in 2017. This records a decrease from the previous number of 14.566 % for 2016. Vietnam VN: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 15.340 % from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 21.176 % in 1998 and a record low of 13.161 % in 2009. Vietnam VN: BOP: Current Account: Trade in Services: % of GDP 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: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Vietnam VN: GDP: Gross Value Added at Factor Cost: Services data was reported at 1,842,729,000.000 VND mn in 2016. This records an increase from the previous number of 1,665,962,000.000 VND mn for 2015. Vietnam VN: GDP: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 185,922,000.000 VND mn from Dec 1986 (Median) to 2016, with 31 observations. The data reached an all-time high of 1,842,729,000.000 VND mn in 2016 and a record low of 198,000.000 VND mn in 1986. Vietnam VN: GDP: Gross Value Added at Factor Cost: Services 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: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Service exports (BoP, current US$) in Vietnam was reported at 23851000000 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Service exports (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

In 2023, the producer price index of printing services in Vietnam amounted to approximately 161.13 index points, indicating an increase from the previous year. In that year, the country's producer price index for the manufacturing industry was estimated at 139.59 points.

Vietnam VN: Exports: Commercial Service data was reported at 13.110 USD bn in 2017. This records an increase from the previous number of 12.250 USD bn for 2016. Vietnam VN: Exports: Commercial Service data is updated yearly, averaging 5.433 USD bn from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 13.110 USD bn in 2017 and a record low of 2.243 USD bn in 1996. Vietnam VN: Exports: Commercial Service 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: Exports. Commercial service exports are total service exports minus exports of government services not included elsewhere. International transactions in services are defined by the IMF's Balance of Payments Manual (1993) as the economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Definitions may vary among reporting economies.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total;