Industrial Production in Vietnam increased 9.40 percent in May 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, over **** 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 over ** percent in 2022, 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 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.

Industry (including construction), value added (% of GDP) in Vietnam was reported at 37.12 % in 2023, 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 June of 2025.

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.

In 2023, the industry and construction sector had a real GDP growth of 2.4 percent, indicating a dramatically lower growth rate than the previous years. The sector contributed 36.1 percent of the total GDP in the country that year.

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.

In 2023, Vietnam’s service sector contributed the largest percentage to the country’s gross domestic product (GDP), at 42.54 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.

Industrial production, annual percent change in Vietnam, May, 2025 The most recent value is 9.41 percent as of May 2025, an increase compared to the previous value of 8.85 percent. Historically, the average for Vietnam from January 2009 to May 2025 is 8.12 percent. The minimum of -18.38 percent was recorded in January 2009, while the maximum of 45.25 percent was reached in January 2010. | TheGlobalEconomy.com

In 2023, the manufacturing sector made a significant contribution of over 2.4 quadrillion Vietnamese dong to the gross domestic product (GDP) of Vietnam, thereby achieving the highest contribution across all sectors. The agriculture, forestry, and fishery sector accounted for the second-largest GDP contribution, followed by the wholesale and retail trade, vehicles, and motorcycle repairs sector. The expansion of Vietnam's manufacturing sector The manufacturing sector has been a fundamental component of Vietnam's economy for many years, consistently driving its expansion since 2015, evidenced by its steadily increasing gross domestic product (GDP) value. This is further highlighted by the escalating number of newly established businesses within the sector, reaching a peak in 2022 with the highest recorded number of enterprises in seven years. Furthermore, the manufacturing sector has emerged as the main driver of Vietnam's export figures. Key export segments within the manufacturing sector include electronics, computers, and components, alongside mobile phones and spare parts, as well as textile and footwear products. Hai Phong City - A rising force in Vietnam's manufacturing landscape Hai Phong has emerged as a pivotal manufacturing hub in northern Vietnam, alongside Bac Ninh and Bac Giang. The city accounted for five percent of the newly registered foreign direct investment (FDI) in the manufacturing sector during the first nine months of 2023. Furthermore, home to one of Vietnam's largest harbors, Hai Phong has strengthened its trading position, handling the highest volume of Vietnam’s domestic sea cargo at 8.75 million metric tons in 2022. The city is also home to VinFast, a pioneering electric car manufacturer in Vietnam, with significant electric vehicle sales recorded in the first half of 2023.

The Vietnam Seed Market is segmented by Breeding Technology (Hybrids, Open Pollinated Varieties & Hybrid Derivatives), by Cultivation Mechanism (Open Field, Protected Cultivation) and by Crop Type (Row Crops, Vegetables). The market volume and value are presented in metric ton and USD respectively. The key data points include the market size of seeds by breeding technology, cultivation mechanism and crop.

Industry (including construction), value added (current US$) in Vietnam was reported at 159511376519 USD in 2023, 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 June of 2025.

In 2023, Vietnam's manufacturing sector accounted for ***** percent of the country's total GDP, reaching a value of over *** quadrillion Vietnamese dong (VND). In that year, Vietnam's GDP totaled approximately **** quadrillion VND. Manufacturing sector in Vietnam The production index of the manufacturing sector has steadily increased in the last years together with the share of employed people. In recent years, this sector has been among the sectors with the highest number of employed people in Vietnam. The country also recorded a growing number of newly established businesses for manufacturing. In 2022, the sector benefitted from investments at just over *** trillion Vietnamese dong. Overall, the industry sector contributes the largest share to the country’s GDP. Vietnam’s economic development Vietnam is a developing country in Southeast Asia. Since its economic reform in 1986, it has become one of the fastest growing economies by more than doubling its GDP from 2010 to 2018. The GDP per capita increased by *** times while poverty rates declined. With high foreign investment inflows and productivity growth, the country belongs to the so-called Tiger cubs.

The Vietnam Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail and More), by Business Model (Rental and Sales), by End User (Individuals / Households and More) and by Region (Ho Chi Minh City, Hanoi and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Vietnam Industrial Production: HCMC: Bottled Beer: State data was reported at 302,801.000 l th in 2017. This records an increase from the previous number of 299,488.000 l th for 2016. Vietnam Industrial Production: HCMC: Bottled Beer: State data is updated yearly, averaging 315,769.000 l th from Dec 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 360,450.000 l th in 2012 and a record low of 296,681.000 l th in 2015. Vietnam Industrial Production: HCMC: Bottled Beer: State data remains active status in CEIC and is reported by Ho Chi Minh City Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.B037: Industrial Production: in Quantity: Ho Chi Minh City .

Industry (including construction), value added (annual % growth) in Vietnam was reported at 3.7412 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Industry, value added (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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 Industry.

Vietnam manufacturing output for 2023 was 102.63 billion US dollars, a 1.76% increase from 2022.

<ul style='margin-top:20px;'>

<li>Vietnam manufacturing output for 2022 was <strong>100.86 billion US dollars</strong>, a <strong>12.52% increase</strong> from 2021.</li>
<li>Vietnam manufacturing output for 2021 was <strong>89.64 billion US dollars</strong>, a <strong>7.99% increase</strong> from 2020.</li>
<li>Vietnam manufacturing output for 2020 was <strong>83.00 billion US dollars</strong>, a <strong>4.36% increase</strong> from 2019.</li>
</ul>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. Data are in current U.S. dollars.

The Vietnam Industrial Automation Market size is valued at USD 2.5 bn in 2023, driven by market growth, opportunities, and sector trends. Explore strategic insights, player analysis, and future trends in the market report.

The Compound Feed Market in Vietnam Report is Segmented by Ingredient (Cereals, Oilseeds and Derivatives, Fish Meal and Fish Oil, Supplements, and Other Ingredients) and Animal Type (Ruminants, Swine, Poultry, Aquaculture, and Other Animal Types). The Report Offers Market Size and Forecasts in Terms of Value (USD) for all the Above Segments.