Consumer Spending in Vietnam increased to 5579533 VND Billion in 2023 from 5231354 VND Billion in 2022. This dataset provides - Vietnam Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In a survey conducted by Infocus Mekong in Vietnam as of January 2024, ** percent of respondents expected to increase their education expenditure in 2024 in comparison to 2023. In contrast, they estimated to decrease spending on personal electronics, entertainment and dining out, as well as home appliances.

In 2023, Vietnam's private consumption expenditure amounted to over ***** billion U.S. dollars. Together with positive GDP growth, the private consumption expenditure in Vietnam had been increasing steadily in the observed timeline.

Key information about Vietnam Private Consumption Expenditure

• Vietnam Private Consumption Expenditure was reported at 256.612 USD bn in Dec 2024. This records an increase from the previous number of 235.575 USD bn for Dec 2023.
• Vietnam Private Consumption Expenditure data is updated yearly, averaging 163.183 USD bn from Dec 2010 to 2024, with 15 observations.
• The data reached an all-time high of 256.612 USD bn in 2024 and a record low of 86.021 USD bn in 2010.
• Vietnam Private Consumption Expenditure data remains in an active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Private Consumption Expenditure: USD: Annual.

CEIC converts annual Private Consumption Expenditure into USD. General Statistics Office provides Private Consumption Expenditure in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions.

In 2022, the household consumption expenditure per capita in Vietnam amounted to approximately 2,082 U.S. dollars. Households in Vietnam increased their consumption expenditure per capita within the observed period.

Households and NPISHs Final consumption expenditure per capita growth (annual %) in Vietnam was reported at 2.7388 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Household final consumption expenditure per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Vietnam Household Expenditure per Capita

• Vietnam Annual Household Expenditure per Capita reached 1,441.275 USD in Dec 2022, compared with the last update number of 1,495.320 USD in Dec 2020.
• Vietnam Annual Household Expenditure per Capita data is updated yearly, available from Dec 1999 to Dec 2022, with an averaged value of 852.175 USD.
• The data reached an all-time high of 1,495.320 USD in Dec 2020 and a record low of 190.201 USD in Dec 1999.
• In the latest reports, Retail Sales of Vietnam grew 9.000 % YoY in Jul 2023.

CEIC calculates Annual Household Expenditure per Capita from Monthly Average Household Expenditure per Capita multiplied by 12 and converts it into USD. General Statistics Office provides Average Household Expenditure per Capita in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions.

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.

CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. General Statistics Office provides Private Consumption Expenditure and Nominal GDP in local currency.


Related information about Vietnam Private Consumption: % of GDP

• 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.

In 2023, the value of consumer spending on mobile apps in Vietnam amounted to ***** million U.S. dollars, indicating an increase from 2022. In the same year, Vietnamese consumers downloaded approximately *** billion mobile apps in total. Mobile apps usage in Vietnam Vietnam has one of the highest mobile internet and smartphone penetration rates worldwide, providing suitable conditions for a blooming mobile apps market. In 2020, over ** percent of Vietnamese internet users spent at least three hours using mobile apps per day, while the average number of apps used per person in a week reached ***** in 2021. Social media and messaging apps recorded the highest share of mobile application usage among internet users in 2020, with a usage rate of ** percent. On the other hand, games were the most downloaded app category for Android and iOS devices, which are the two main mobile operating systems for smartphones in Vietnam. Zalo Group Zalo Group was the leading Vietnamese app publisher based on total downloads on Google Play as of March 2024. Among its ten released apps, the messaging service Zalo was the most successful one, which has consistently been one of the most popular social media apps in Vietnam. In 2020, this mobile app had ** million monthly active users in the country, making it the social media app with the second-highest number of users after Facebook.

Final consumption expenditure (current US$) in Vietnam was reported at 272598133252 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Final consumption expenditure - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Vietnam Public Consumption Expenditure

• Vietnam Public Consumption Expenditure was reported at 42.285 USD bn in Dec 2024.
• This records an increase from the previous number of 38.376 USD bn for Dec 2023.
• Vietnam Public Consumption Expenditure data is updated yearly, averaging 28.516 USD bn from Dec 2010 to 2024, with 15 observations.
• The data reached an all-time high of 42.285 USD bn in 2024 and a record low of 15.285 USD bn in 2010.
• Vietnam Public Consumption Expenditure data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Government Consumption Expenditure: USD: Annual.

CEIC converts annual Government Consumption Expenditure into USD. General Statistics Office provides Government Consumption Expenditure in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions.

In 2024, e-commerce expenditure on consumer goods in Vietnam was the highest in the electronics category at around *** billion U.S. dollars, followed by fashion at over *** billion U.S. dollars, and food at *** billion U.S. dollars. Meanwhile, e-commerce spending growth was highest for food that year. Shift in e-commerce spending in Vietnam Prior to the COVID-19 pandemic, the largest e-commerce spending of Vietnamese internet users was on online travel, mobility, and accommodation services. Over the past few years, consumer goods have taken over as the e-commerce category with the highest expenditure. More and more people in Vietnam have grown comfortable with shopping for these products online, a shopping habit formed by the pandemic and its past restrictions on physical retail shops. Digital media was another e-commerce category with substantial growth in consumer spending in 2023, with expenditure on video games and video-on-demand services being the subcategories with the highest observed growth rate. E-commerce landscape in Vietnam Vietnam has one of the fastest-growing e-commerce markets in Southeast Asia. In the last couple of years, e-commerce has accounted for a growing share of the total retail sales across the country. While international players such as Shopee and Lazada are the leading online marketplaces in Vietnam, local retailers have been making their mark, especially when it comes to specialized retailing, such as consumer electronics and IT devices. Apart from e-commerce platforms, Vietnamese consumers have also been shopping via social commerce, which is expected to be an e-commerce channel of significant importance in the coming years.

Vietnam VN: GDP: Government Consumption Expenditure data was reported at 265,545,000.000 VND mn in 2015. This records an increase from the previous number of 246,711,000.000 VND mn for 2014. Vietnam VN: GDP: Government Consumption Expenditure data is updated yearly, averaging 28,346,000.000 VND mn from Dec 1990 (Median) to 2015, with 17 observations. The data reached an all-time high of 265,545,000.000 VND mn in 2015 and a record low of 3,164,000.000 VND mn in 1990. Vietnam VN: GDP: Government Consumption Expenditure data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Vietnam – Table VN.IMF.IFS: Gross Domestic Product: by Expenditure: Annual.

Vietnam VN: GDP: Growth: Final Consumption Expenditure: General Government data was reported at 7.345 % in 2017. This records a decrease from the previous number of 7.540 % for 2016. Vietnam VN: GDP: Growth: Final Consumption Expenditure: General Government data is updated yearly, averaging 7.260 % from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 12.283 % in 2010 and a record low of -5.704 % in 1999. Vietnam VN: GDP: Growth: Final Consumption Expenditure: General Government 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: Annual Growth Rate. Annual percentage growth of general government final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. General government final consumption expenditure (general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Vietnam VN: GDP: Growth: Final Consumption Expenditure: Household data was reported at 7.350 % in 2017. This records an increase from the previous number of 7.300 % for 2016. Vietnam VN: GDP: Growth: Final Consumption Expenditure: Household data is updated yearly, averaging 7.215 % from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 9.780 % in 2007 and a record low of 2.252 % in 2009. Vietnam VN: GDP: Growth: Final Consumption Expenditure: Household 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: Annual Growth Rate. Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Vietnam VN: GDP: Final Consumption Expenditure: General Government data was reported at 325,804,000.000 VND mn in 2017. This records an increase from the previous number of 293,106,000.000 VND mn for 2016. Vietnam VN: GDP: Final Consumption Expenditure: General Government data is updated yearly, averaging 38,770,000.000 VND mn from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 325,804,000.000 VND mn in 2017 and a record low of 2,204,400.091 VND mn in 1989. Vietnam VN: GDP: Final Consumption Expenditure: General Government 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. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Vietnam VN: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 9.813 % in 2014. This records a decrease from the previous number of 11.531 % for 2012. Vietnam VN: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 14.201 % from Dec 1992 (Median) to 2014, with 9 observations. The data reached an all-time high of 20.224 % in 1992 and a record low of 9.813 % in 2014. Vietnam VN: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % 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: Poverty. Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure, expressed as a percentage of a total population of a country; ; Wagstaff et al. Progress on catastrophic health spending: results for 133 countries. A retrospective observational study, Lancet Global Health 2017.; Weighted average;

Vietnam VN: GDP: % of GDP: Final Consumption Expenditure: General Government data was reported at 6.506 % in 2017. This records a decrease from the previous number of 6.510 % for 2016. Vietnam VN: GDP: % of GDP: Final Consumption Expenditure: General Government data is updated yearly, averaging 6.333 % from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 12.339 % in 1990 and a record low of 5.465 % in 2005. Vietnam VN: GDP: % of GDP: Final Consumption Expenditure: General Government 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. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

From 2019 to 2021, the proportion of consumer expenditure in rural and urban areas in Vietnam remained constant. Consumers in rural areas accounted for a higher share of consumption at ** percent compared to consumers in urban areas. The country's expenditure was forecasted to stay constant with the same spending shares in 2023.

Vietnam VN: GDP: Real: Final Consumption Expenditure: General Government data was reported at 210,410,000.000 VND mn in 2017. This records an increase from the previous number of 196,013,000.000 VND mn for 2016. Vietnam VN: GDP: Real: Final Consumption Expenditure: General Government data is updated yearly, averaging 87,830,500.000 VND mn from Dec 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 210,410,000.000 VND mn in 2017 and a record low of 48,465,699.897 VND mn in 1994. Vietnam VN: GDP: Real: Final Consumption Expenditure: General Government 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: Real. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;