The Gross Domestic Product (GDP) in Vietnam was worth 476.39 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Vietnam represents 0.45 percent of the world economy. This dataset provides the latest reported value for - Vietnam GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, Vietnam’s gross domestic product (GDP) amounted to around 459.47 billion U.S. dollars, and is expected to increase to 490.97 billion U.S. dollars by 2025. Gross domestic product denotes the aggregate value of all services and goods produced within a country in any given year, and it is an important indicator of a country’s economic power. Vietnam’s economy Vietnam’s economy has a strong agrarian base, with key agricultural exports of wet rice, coffee, and black pepper. However, in the past decade (2008 to 2018), agriculture's contribution to Vietnam's GDP has been decreasing while the country’s industry sector experienced rapid growth at the same time. As of 2018, Vietnam’s top exports include information technology hardware, such as broadcasting equipment and mobile devices. Vietnam’s regional comparison Vietnam is part of the Association of Southeast Asian Nations (ASEAN), which encompasses regional nations with the goal of fostering trade and economic growth. The region has been reporting increasing GDP, amounting to 2.9 trillion U.S. dollars in 2018. Vietnam is one of the ASEAN countries experiencing export trade growth, and has had consistent yearly growth in GDP, at a rate of around six percent.

Exports in Vietnam decreased to 31.11 USD Billion in February from 33.09 USD Billion in January of 2025. This dataset provides the latest reported value for - Vietnam Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Vietnam.

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.

Key information about Vietnam Nominal GDP

• Vietnam Nominal GDP reached 362.6 USD bn in Dec 2021, compared with 343.2 USD bn in the previous year.
• Nominal GDP in Vietnam is updated yearly, available from Dec 2010 to Dec 2021, with an average number of 248.3 USD bn.
• The data reached an all-time high of 362.6 USD bn in Dec 2021 and a record low of 147.2 USD bn in Dec 2010.

• In the latest reports, Vietnam GDP contracted 14.5 % YoY in Mar 2022.
• Its GDP deflator (implicit price deflator) increased 1.0 % in Dec 2020.
• Vietnam GDP Per Capita reached 2,779.0 USD in Dec 2020.
• Its Gross Savings Rate was measured at 34.3 % in Dec 2021.
• For Nominal GDP contributions, Investment accounted for 33.4 % in Dec 2021.
• Public Consumption accounted for 9.3 % in Dec 2021.
• Private Consumption accounted for 56.4 % in Dec 2021.

The Gross Domestic Product per capita in Vietnam was last recorded at 4017.75 US dollars in 2024. The GDP per Capita in Vietnam is equivalent to 32 percent of the world's average. This dataset provides - Vietnam GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Vietnam increased by 18.80 USD Billion in September of 2025. This dataset provides - Vietnam Foreign Direct Investment - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Vietnam's total Exports in 2023 were valued at US$353.08 Billion, according to the United Nations COMTRADE database on international trade. Vietnam's main export partners were: the United States, China and South Korea. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Footwear, gaiters and the like,. Total Imports were valued at US$325.44 Billion. In 2023, Vietnam had a trade surplus of US$27.63 Billion.

Vietnam’s real gross domestic product (GDP) has been experiencing positive growth for the past five years since 2019, and is projected to continue to do so through 2030. In 2023, Vietnam’s real GDP increased by around five percent compared to the previous year. Learning from real GDP Real gross domestic product (GDP) is a measure that reflects the value of all goods and services an economy produces within a given year. It is expressed in base-year prices, and is thus an inflation-adjusted way to compare a country’s economic output through the years. The GDP growth rate is a significant indicator of a country’s economic health, as it reacts to the economy’s expansions and contractions. Vietnam’s optimistic future As indicated by the positive growth rate of its real GDP, Vietnam’s economy is expanding due to growth in exports, domestic demand, and the manufacturing sector. As the economy expands, so does the total expenditure of Vietnamese consumers. The average monthly income per capita in Vietnam increased to almost 3.8 percent in 2018, and is spent on fast moving consumer goods from popular brands like Vinamilk and P/S.

Key information about Vietnam Public Consumption: % of GDP

• Vietnam Public Consumption accounted for 9.0 % of its Nominal GDP in Dec 2022, compared with a share of 9.6 % in the previous year.
• Vietnam Public Consumption share of Nominal GDP ratio is updated yearly, available from Dec 2010 to Dec 2022, with an average number of 10.1 %.
• The data reached an all-time high of 10.9 % in Dec 2013 and a record low of 9.0 % in Dec 2022.

• In the latest reports, Vietnam GDP expanded 11.8 % YoY in Dec 2022.
• Vietnam Nominal GDP reached 362.6 USD bn in Dec 2021.
• Its GDP deflator (implicit price deflator) increased 3.9 % in Sep 2022.
• Vietnam GDP Per Capita reached 3,716.8 USD in Dec 2021.
• Its Gross Savings Rate was measured at 36.1 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 33.4 % in Dec 2022.
• Private Consumption accounted for 54.9 % in Dec 2022.

Imports in Vietnam increased to 32.66 USD Billion in February from 30.06 USD Billion in January of 2025. This dataset provides the latest reported value for - Vietnam Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2021, Ho Chi Minh City's contribution to Vietnam's gross domestic product (GDP) accounted for almost 16 percent of the total GDP. Around 13 percent of the country's GDP came from the capital city, Ha Noi, that year. In total, the ten presented provinces contributed over half of the economic output that year.

Key information about Vietnam Total Exports to USA

• Vietnam Total Exports to USA recorded 9.068 USD bn in Feb 2025, compared with 10.498 USD bn in the previous Jan 2025
• Vietnam Total Exports to USA data is updated monthly, available from Jan 1990 to Feb 2025, with an averaged value of 806.367 USD mn
• The data reached an all-time high of 11.797 USD bn in Aug 2024 and a record low of 0.000 USD mn in Dec 1990

In 2023, private consumption accounted for 54.44 percent of Vietnam's GDP. Vietnam is among Southeast Asia's fastest-growing economies with an emerging middle class. That contributed to the growth in the contribution of private consumption to GDP in recent years.

Vietnam VN: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing data was reported at 51.396 USD bn in 2023. This records an increase from the previous number of 49.056 USD bn for 2022. Vietnam VN: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing data is updated yearly, averaging 12.100 USD bn from Dec 1986 (Median) to 2023, with 38 observations. The data reached an all-time high of 51.396 USD bn in 2023 and a record low of 2.507 USD bn in 1990. Vietnam VN: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing 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: Nominal. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. 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 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.

Key information about Vietnam Private Consumption: % of GDP

• Vietnam Private Consumption accounted for 53.9 % of its Nominal GDP in Dec 2024, compared with a ratio of 54.3 % in the previous year.
• Vietnam Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 2010 to Dec 2024, with an average share of 56.8 %.
• The data reached an all-time high of 59.3 % in Dec 2015 and a record low of 53.9 % in Dec 2024.

• In the latest reports, Vietnam GDP expanded 13.1 % YoY in Dec 2024.
• Its Nominal GDP reached 362.6 USD bn in Dec 2021.
• Vietnam GDP Per Capita reached 3,716.8 USD in Dec 2021.
• Its Gross Savings Rate was measured at 37.2 % in Dec 2024.

Key information about Vietnam Foreign Direct Investment

• Vietnam Foreign Direct Investment (FDI) increased by 5.2 USD bn in Sep 2024, compared with an increase of 5.0 USD bn in the previous quarter.
• Vietnam Foreign Direct Investment: USD mn net flows data is updated quarterly, available from Mar 1996 to Sep 2024.
• The data reached an all-time high of 5.8 USD bn in Dec 2023 and a record low of 150.0 USD mn in Jun 2002.

• In the latest reports of Vietnam, Current Account recorded a surplus of 7.8 USD bn in Sep 2024.
• Vietnam Direct Investment Abroad expanded by 170.0 USD mn in Sep 2024.
• Its Foreign Portfolio Investment fell by 836.0 USD mn in Sep 2024.
• The country's Nominal GDP was reported at 362.6 USD bn in Dec 2021.

Vietnam Joint Stock Commercial Banks: Growth Rate: Total Assets data was reported at 4.170 % in May 2018. This records an increase from the previous number of 2.170 % for Apr 2018. Vietnam Joint Stock Commercial Banks: Growth Rate: Total Assets data is updated monthly, averaging 2.060 % from Jul 2012 (Median) to May 2018, with 71 observations. The data reached an all-time high of 17.690 % in Dec 2017 and a record low of -8.000 % in Oct 2012. Vietnam Joint Stock Commercial Banks: Growth Rate: Total Assets 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.KB008: Banking Statistics: Key Statistical Ratios.

Vietnam VN: Labour Tax and Contributions: % of Commercial Profits data was reported at 24.800 % in 2017. This stayed constant from the previous number of 24.800 % for 2016. Vietnam VN: Labour Tax and Contributions: % of Commercial Profits data is updated yearly, averaging 22.600 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 24.800 % in 2017 and a record low of 19.200 % in 2009. Vietnam VN: Labour Tax and Contributions: % of Commercial Profits 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: Business Environment. Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.