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.

In 2023, the manufacturing sector made a significant contribution of over *** 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 **** 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.

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

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.

Vietnam VN: GDP: % of GDP: Gross Value Added: Industry data was reported at 33.339 % in 2017. This records an increase from the previous number of 32.715 % for 2016. Vietnam VN: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 32.715 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 40.209 % in 2004 and a record low of 22.674 % in 1990. Vietnam VN: GDP: % of GDP: Gross Value Added: Industry 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. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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.

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.

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.

In 2023, the industry and construction sectors accounted for ***** percent of the gross domestic product (GDP) of Vietnam, indicating a decrease from the previous year. This sector is the second-largest GDP contributor in the country, after the services sector.

Vietnam GDP: By Ownership: Foreign Investment Sector data was reported at 837,093.000 VND bn in 2016. This records an increase from the previous number of 757,550.000 VND bn for 2015. Vietnam GDP: By Ownership: Foreign Investment Sector data is updated yearly, averaging 138,570.000 VND bn from Dec 1994 (Median) to 2016, with 23 observations. The data reached an all-time high of 837,093.000 VND bn in 2016 and a record low of 11,441.000 VND bn in 1994. Vietnam GDP: By Ownership: Foreign Investment Sector 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: Gross Domestic Product: By Ownership.

In 2023, the number of companies in operation in Vietnam's industry and construction sector amounted to approximately *******, reflecting a year-on-year increase. Meanwhile, the number of new enterprises in this sector reached ****** in the same year.

The size of the Vietnam Oil and Gas Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.50">> 3.50% during the forecast period. The oil and gas sector in Vietnam is a vital component of the nation's energy framework, playing a significant role in its economic advancement and energy stability. Situated in Southeast Asia, Vietnam possesses considerable offshore oil and gas reserves, especially within the Cuu Long Basin and the Nam Con Son Basin. These resources have established the country as a prominent participant in the regional energy arena. The industry includes the exploration, extraction, refining, and distribution of hydrocarbons, with state-owned entities like PetroVietnam being instrumental in its functioning. The oil and gas sector has been essential in fulfilling the increasing energy requirements of the nation and fostering industrial development. The government has prioritized attracting foreign investments and technological know-how to enhance its hydrocarbon resources and upgrade infrastructure. Nevertheless, the industry encounters various challenges, such as volatile global oil prices, shifts in regulations, and environmental issues. Additionally, there is a growing focus on diversifying the energy portfolio by integrating renewable energy sources to lessen reliance on fossil fuels and align with international sustainability objectives. In summary, the oil and gas industry in Vietnam continues to be a dynamic and crucial element of the economy, adeptly managing both opportunities and challenges while contributing to the nation's energy autonomy and growth. Recent developments include: In November 2021, ExxonMobil decided to invest in the Ca Voi Xanh (Blue Whale) gas production project located off Vietnam's central coast. The company is ready with the FEED document and is currently working on the project's development plan. The field is estimated to have around 150 billion cubic meters in reserves. The construction is expected to start during the forecast period., In April 2021, Pharos, the UK-based exploration and production company, announced plans to start the exploration phase in Block-125 of Phu Khanh basin, Vietnam. The company is expected to explore two areas within the block. The first is a deep-water area, expected to hold 1 billion barrels (bbl) of crude oil. The second area is a shallow-water area with around 100-200 million bbls of oil.. Key drivers for this market are: Increasing Global Demand for Refined Petroleum Products4., Economic Growth and Industrialization. Potential restraints include: Environmental Concerns and Regulations. Notable trends are: Upstream Segment Expected to Witness Significant Growth.

In 2023, the paper manufacturing sector had an industrial production index of 99.8 in Vietnam, indicating a decrease from the previous year. In that year, the overall industrial production index of the manufacturing sector was at 101.5 index points in the country.

The Vietnam Infrastructure Industry Report is Segmented by the Infrastructure Segment (Social Infrastructure, Transportation Infrastructure, Extraction Infrastructure, Utilities Infrastructure, Manufacturing Infrastructure). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Vietnam AWHW: NM: Male: Industry & Construction data was reported at 48.000 Hour in Dec 2023. This records an increase from the previous number of 47.800 Hour for Sep 2023. Vietnam AWHW: NM: Male: Industry & Construction data is updated quarterly, averaging 50.150 Hour from Mar 2011 (Median) to Dec 2023, with 52 observations. The data reached an all-time high of 52.300 Hour in Dec 2017 and a record low of 43.600 Hour in Mar 2019. Vietnam AWHW: NM: Male: Industry & 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.G067: Average Weekly Hours Worked: By Industrial Sector: By Provinces: Quarterly.

In 2023, Vietnam's industry and construction sector contributed nearly **** quadrillion Vietnamese dong to the country's gross domestic product (GDP). The GDP value of this sector had been increasing steadily year-on-year within the observed period. The industry and construction sector is the second-largest contributor to Vietnam's GDP, just after the services industry.

AWHW: NS: Male: Industry & Construction data was reported at 46.300 Hour in Dec 2023. This records a decrease from the previous number of 46.500 Hour for Sep 2023. AWHW: NS: Male: Industry & Construction data is updated quarterly, averaging 49.900 Hour from Mar 2011 (Median) to Dec 2023, with 52 observations. The data reached an all-time high of 51.800 Hour in Jun 2015 and a record low of 40.200 Hour in Mar 2019. AWHW: NS: Male: Industry & 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.G067: Average Weekly Hours Worked: By Industrial Sector: By Provinces: Quarterly.

Vietnam AWHW: RR: Hanoi: Industry and Construction data was reported at 48.600 Hour in Dec 2023. This records an increase from the previous number of 47.800 Hour for Sep 2023. Vietnam AWHW: RR: Hanoi: Industry and Construction data is updated quarterly, averaging 49.450 Hour from Mar 2011 (Median) to Dec 2023, with 52 observations. The data reached an all-time high of 51.700 Hour in Mar 2011 and a record low of 34.500 Hour in Sep 2021. Vietnam AWHW: RR: Hanoi: 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.G067: Average Weekly Hours Worked: By Industrial Sector: By Provinces: Quarterly.

Vietnam AWHW: SE: HCMC: Female: Industry & Construction data was reported at 47.700 Hour in Dec 2018. This records a decrease from the previous number of 47.900 Hour for Sep 2018. Vietnam AWHW: SE: HCMC: Female: Industry & Construction data is updated quarterly, averaging 48.850 Hour from Mar 2011 (Median) to Dec 2018, with 32 observations. The data reached an all-time high of 51.600 Hour in Mar 2011 and a record low of 44.600 Hour in Mar 2014. Vietnam AWHW: SE: HCMC: Female: Industry & 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.G066: Average Weekly Hours Worked: By Industrial Sector: By Provinces: Quarterly.

In 2020, the revenue of electricity production and distribution grew by around three percent compared to the previous year in Vietnam, the highest growth among all industry sub-sectors. Meanwhile, due to the impact of the COVID-19 pandemic, all other sub-sectors of industry recorded decreases in revenue that year. By comparison, all sub-sectors experienced significant growth in 2019.

AWHW: SE: HCMC: Male: Agriculture, Forestry & Fishery data was reported at 41.200 Hour in Dec 2023. This records a decrease from the previous number of 44.000 Hour for Sep 2023. AWHW: SE: HCMC: Male: Agriculture, Forestry & Fishery data is updated quarterly, averaging 41.250 Hour from Mar 2011 (Median) to Dec 2023, with 52 observations. The data reached an all-time high of 49.400 Hour in Mar 2011 and a record low of 15.600 Hour in Mar 2019. AWHW: SE: HCMC: Male: Agriculture, Forestry & Fishery data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.G067: Average Weekly Hours Worked: By Industrial Sector: By Provinces: Quarterly.