The Gross Domestic Product (GDP) in Vietnam expanded 6.93 percent in the first 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 2029. 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.

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 GDP for 2023 was 429.72 billion US dollars, a 4.73% increase from 2022.

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

<li>Vietnam GDP for 2022 was <strong>410.32 billion US dollars</strong>, a <strong>11.97% increase</strong> from 2021.</li>
<li>Vietnam GDP for 2021 was <strong>366.47 billion US dollars</strong>, a <strong>5.73% increase</strong> from 2020.</li>
<li>Vietnam GDP for 2020 was <strong>346.62 billion US dollars</strong>, a <strong>3.66% increase</strong> from 2019.</li>
</ul>GDP at purchaser's prices 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

In 2022, GDP per capita in Vietnam amounted to around 4,101.73 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.

GDP from Services in Vietnam increased to 677030 VND Billion in the second quarter of 2024 from 627420 VND Billion in the first quarter of 2024. This dataset provides - Vietnam Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Transport in Vietnam increased to 97926 VND Billion in the second quarter of 2024 from 84257 VND Billion in the first quarter of 2024. This dataset provides - Vietnam Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the real gross domestic product (GDP) in the Philippines grew by approximately 5.55 percent, marking the highest growth rate in Southeast Asia. In comparison, Singapore's real GDP growth rate dropped to less than 1.1 percent. Most Southeast Asian economies are projected to see an increase in their real GDP growth rates in 2025 compared to 2023, except for Laos and Myanmar. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises 11 countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.

Vietnam GDP: 2010p: Year to Date: YoY: Industry and Construction data was reported at 7.425 % in Mar 2025. This records a decrease from the previous number of 8.240 % for Dec 2024. Vietnam GDP: 2010p: Year to Date: YoY: Industry and Construction data is updated quarterly, averaging 6.410 % from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 9.440 % in Sep 2022 and a record low of -0.404 % in Mar 2023. Vietnam GDP: 2010p: Year to Date: YoY: Industry and Construction data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.A018: GDP: by Industry: VSIC 2007: 2010 Price: Quarterly: Year To Date: Year on Year Growth: Re-evaluation.

Vietnam GDP: 2010p: Year to Date: YoY: Services: Arts, Entertainment & Recreation data was reported at 9.223 % in Mar 2025. This records an increase from the previous number of 7.994 % for Dec 2024. Vietnam GDP: 2010p: Year to Date: YoY: Services: Arts, Entertainment & Recreation data is updated quarterly, averaging 7.994 % from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 16.712 % in Dec 2022 and a record low of -6.140 % in Sep 2021. Vietnam GDP: 2010p: Year to Date: YoY: Services: Arts, Entertainment & Recreation data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.A018: GDP: by Industry: VSIC 2007: 2010 Price: Quarterly: Year To Date: Year on Year Growth: Re-evaluation.

Vietnam GDP: 2010p: Year to Date: YoY: Construction data was reported at 7.994 % in Mar 2025. This records an increase from the previous number of 7.867 % for Dec 2024. Vietnam GDP: 2010p: Year to Date: YoY: Construction data is updated quarterly, averaging 6.530 % from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 8.550 % in Sep 2022 and a record low of -0.580 % in Sep 2021. Vietnam GDP: 2010p: Year to Date: YoY: Construction data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.A018: GDP: by Industry: VSIC 2007: 2010 Price: Quarterly: Year To Date: Year on Year Growth: Re-evaluation.

Vietnam GDP: 2010p: Year to Date: Construction data was reported at 413,303.995 VND bn in Dec 2024. This records an increase from the previous number of 284,546.092 VND bn for Sep 2024. Vietnam GDP: 2010p: Year to Date: Construction data is updated quarterly, averaging 139,740.472 VND bn from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 413,303.995 VND bn in Dec 2024 and a record low of 37,102.226 VND bn in Mar 2010. Vietnam GDP: 2010p: Year to Date: Construction data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.A015: GDP: by Industry: VSIC 2007: 2010 Price: Quarterly: Year To Date: Re-evaluation.

In 2022, the estimated total GDP of all ASEAN states amounted to approximately 3.67 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

GDP: ytd: Services data was reported at 1,220,270.386 VND bn in Mar 2025. This records a decrease from the previous number of 4,876,381.189 VND bn for Dec 2024. GDP: ytd: Services data is updated quarterly, averaging 1,425,623.044 VND bn from Mar 2010 (Median) to Mar 2025, with 61 observations. The data reached an all-time high of 4,876,381.189 VND bn in Dec 2024 and a record low of 268,621.694 VND bn in Mar 2010. GDP: ytd: Services data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.A009: GDP: by Industry: VSIC 2007: Current Price: Quarterly: Year To Date: Re-evaluation.

Vietnam GDP: 2010p: Year to Date: Agriculture data was reported at 117,763.683 VND bn in Mar 2025. This records a decrease from the previous number of 481,360.563 VND bn for Dec 2024. Vietnam GDP: 2010p: Year to Date: Agriculture data is updated quarterly, averaging 221,334.550 VND bn from Mar 2010 (Median) to Mar 2025, with 61 observations. The data reached an all-time high of 481,360.563 VND bn in Dec 2024 and a record low of 83,228.143 VND bn in Mar 2010. Vietnam GDP: 2010p: Year to Date: Agriculture data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.A016: GDP: by Industry: VSIC 2007: 2010 Price: Quarterly: Year To Date: Re-evaluation.

In 2023, the annual gross merchandise value (GMV) of the internet economy in Vietnam reached 30 billion U.S. dollars. Due to Vietnam's growing internet economy, this figure was forecast to record 43 billion U.S. dollars in 2025. The internet economy includes four sectors of e-commerce, transport and food, online travel, and online media.

According to a survey by Infocus Mekong conducted in January 2024, 31 percent of urban and 29 percent of rural respondents in Vietnam believed that the economy would not recover until 2025. Meanwhile, six percent of urban and nine percent of rural respondents expressed optimism regarding the economic recovery in the first quarter of 2024.

Inflation, monthly percent change in the CPI in Vietnam, January, 2025 The most recent value is 0.98 percent as of January 2025, an increase compared to the previous value of 0.29 percent. Historically, the average for Vietnam from February 1995 to January 2025 is 0.46 percent. The minimum of -1.55 percent was recorded in April 2020, while the maximum of 3.9 percent was reached in May 2008. | TheGlobalEconomy.com

The growth of the real gross domestic product (GDP) in the Philippines amounts to approximately 5.48 percent in 2025.Fluctuating rise between 1980 and 2025A total increase by approximately 0.33 percentage points can be seen between 1980 and 2025. This increase however did not happen continuously.Continuous rise between 2025 and 2030The growth will be roughly 6.30 percent in 2030, according to forecasts. This indicates an overall increase by approximately 0.82 percentage points since 2025. This growth reflects a steady upward trend.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Vietnam was 3.12 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 3.13 percent. Compared to a year ago, we see a decrease from the inflation...