The Gross Domestic Product (GDP) in Vietnam expanded 7.96 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Vietnam GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Vietnam's gross domestic product grew by 6.88 percent year-on-year in the third quarter of 2018, compared with a 7.46 percent growth in the same period of the previous year. This dataset provides the latest reported value for - Vietnam GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Vietnam: Economic growth: the rate of change of real GDP: The latest value from 2024 is 7.09 percent, an increase from 5.07 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Vietnam from 1985 to 2024 is 6.38 percent. The minimum value, 2.55 percent, was reached in 2021 while the maximum of 9.54 percent was recorded in 1995.

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.

Vietnam: Economic growth forecast: The latest value from 2030 is 5.3 percent, unchanged from 5.3 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Vietnam from 1980 to 2030 is 6.18 percent. The minimum value, -3.5 percent, was reached in 1980 while the maximum of 9.54 percent was recorded in 1995.

Full Year GDP Growth in Vietnam increased to 7.09 percent in 2024 from 5.05 percent in 2023. This dataset includes a chart with historical data for Vietnam Full Year Gdp Growth.

In 2022, GDP per capita in Vietnam amounted to around 4,132.93 U.S. dollars. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. Vietnam’s economy In the last decade, the Vietnamese economy has experienced consistent economic growth with a six to seven percent increase in GDP from year to year. The country’s economy is fueled by its exports of natural resources and agricultural products, though since 2008 its information technology hardware exports have risen substantially. Vietnam’s agriculture and service sectors generate over 56 percent of Vietnam’s gross domestic product. Vietnam’s population The majority of Vietnam’s population works in the agriculture or service industries, and the country has one of the world’s lowest unemployment rates at just 1.8 percent in 2018. The population is relatively young, with the median age expected to reach 32.5 years by 2020. The median age has increased significantly from its low point of 18.2 years in 1970, around the time Vietnam was being devastated by war. Since then, the country’s population has increased as well, reaching over 94 million people in 2018.

Key information about Vietnam Real GDP Growth

• The Gross Domestic Product (GDP) in Vietnam expanded 13.1 % YoY in Dec 2024, following a growth of 3.8 % in the previous quarter.
• Real GDP Growth YoY data in Vietnam is updated quarterly, available from Jun 2010 to Dec 2024, with an average rate of 3.4 %.
• The data reached an all-time high of 20.1 % in Dec 2021 and a record low of -14.9 % in Mar 2024.

• In the latest reports, Nominal GDP of Vietnam reached 362.6 USD bn in Dec 2021.
• Its GDP deflator (implicit price deflator) increased 3.9 % in Sep 2022.
• GDP Per Capita in Vietnam reached 3,716.8 USD in Dec 2021.
• Its Gross Savings Rate was measured at 36.7 % in Dec 2023.
• For Nominal GDP contributions, Investment accounted for 32.0 % in Dec 2023.
• Public Consumption accounted for 9.0 % in Dec 2022.
• Private Consumption accounted for 54.4 % in Dec 2023.

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.

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.

As of the last quarter of 2023, the gross domestic product (GDP) in Vietnam grew by approximately **** percent compared to the previous quarter. In that year, the overall GDP growth rate of the country was recorded at **** percent.

Vietnam VN: GDP: Growth data was reported at 6.812 % in 2017. This records an increase from the previous number of 6.211 % for 2016. Vietnam VN: GDP: Growth data is updated yearly, averaging 6.321 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 9.540 % in 1995 and a record low of 2.789 % in 1986. Vietnam VN: GDP: Growth 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 rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Key information about Vietnam Nominal GDP Growth

• Vietnam Nominal GDP Growth was reported at 11.546 % in Dec 2024.
• This records an increase from the previous number of 7.264 % for Dec 2023.
• Vietnam Nominal GDP Growth data is updated yearly, averaging 10.159 % from Dec 2011 to 2024, with 14 observations.
• The data reached an all-time high of 29.200 % in 2011 and a record low of 4.375 % in 2020.
• Vietnam Nominal GDP Growth 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: Y-o-Y Growth: Annual.

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.

Historical dataset showing Vietnam economic growth by year from 1985 to 2023.

GDP per capita growth (annual %) in Vietnam was reported at 6.4173 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Historical dataset showing Vietnam gdp growth rate by year from 1985 to 2023.

Vietnam VN: GDP: Growth: Gross Value Added: Agriculture data was reported at 2.902 % in 2017. This records an increase from the previous number of 1.357 % for 2016. Vietnam VN: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 3.619 % from Dec 1986 (Median) to 2017, with 32 observations. The data reached an all-time high of 7.003 % in 1989 and a record low of -1.142 % in 1987. Vietnam VN: GDP: Growth: Gross Value Added: Agriculture 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 agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 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 3 or 4.; ; 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 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.