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 2024, around **** 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 close to ** percent in 2023, 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.

In 2023, the manufacturing sector accounted for approximately ***** percent of the total gross domestic product (GDP) of Vietnam, thereby achieving the highest contribution across all sectors. The agriculture, forestry, and fishery sectors accounted for the second-largest GDP contribution, making up around ***** percent share of the country's total GDP. This was followed by the wholesale and retail trade, vehicles, and motorcycle repairs sector.

Vietnam VN: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 15.278 % in 2017. This records an increase from the previous number of 14.266 % for 2016. Vietnam VN: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 16.485 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 22.371 % in 1986 and a record low of 12.256 % in 1990. Vietnam VN: GDP: % of GDP: 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: Share of GDP. 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; 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 Industrial Production: Year to Date: Natural Gas: Central data was reported at 8,253.000 Cub m mn in Oct 2018. This records an increase from the previous number of 7,503.000 Cub m mn for Sep 2018. Vietnam Industrial Production: Year to Date: Natural Gas: Central data is updated monthly, averaging 5,167.460 Cub m mn from Jul 2006 (Median) to Oct 2018, with 148 observations. The data reached an all-time high of 10,660.000 Cub m mn in Dec 2015 and a record low of 645.500 Cub m mn in Jan 2009. Vietnam Industrial Production: Year to Date: Natural Gas: Central data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.B033: Industrial Production: in Quantity: ytd.

Industrial Production in Vietnam increased 10.80 percent in October 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.

GDP from Services in Vietnam decreased to 738714 VND Billion in the third quarter of 2025 from 746858 VND Billion in the second quarter of 2025. This dataset provides - Vietnam Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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. 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.

Vietnam Industrial Production: Year to Date: Liquid Gas: Central data was reported at 744.027 Ton th in Oct 2018. This records an increase from the previous number of 664.701 Ton th for Sep 2018. Vietnam Industrial Production: Year to Date: Liquid Gas: Central data is updated monthly, averaging 278.050 Ton th from Jul 2006 (Median) to Oct 2018, with 148 observations. The data reached an all-time high of 800.800 Ton th in Dec 2016 and a record low of 26.000 Ton th in Jan 2009. Vietnam Industrial Production: Year to Date: Liquid Gas: Central data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.B033: Industrial Production: in Quantity: ytd.

The Vietnam industrial real estate market exhibits robust growth potential, projected to reach $19.07 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 15.42% from 2025 to 2033. This expansion is driven by several key factors. Firstly, Vietnam's burgeoning manufacturing sector, fueled by foreign direct investment (FDI) and participation in global supply chains, necessitates increased warehouse and factory space. Secondly, the rise of e-commerce significantly boosts demand for logistics facilities, particularly in key cities like Ho Chi Minh City and Hanoi. Thirdly, government initiatives aimed at improving infrastructure and attracting further FDI are creating a favorable investment climate. The market is segmented across various property types, including offices, retail, industrial, logistics, multi-family, and hospitality, with industrial and logistics experiencing the most rapid growth. Leading players like Nam Long Investment Corporation, Coteccons Construction JSC, and Vingroup are actively shaping the market landscape, competing for projects and driving innovation in design and construction. Despite this positive outlook, challenges remain. Land scarcity in prime locations, particularly around major urban centers, can constrain development. Rising construction costs and labor shortages also pose potential headwinds. However, the long-term prospects remain strong, particularly given the government's focus on industrial development and the continued influx of FDI. The ongoing expansion of manufacturing zones and the improvement of transportation infrastructure will further fuel this growth, making Vietnam an attractive destination for industrial real estate investment in the coming years. Strategic partnerships between local and international players will likely be crucial in navigating the challenges and capitalizing on the opportunities in this dynamic market. This comprehensive report provides an in-depth analysis of the burgeoning Vietnam industrial real estate market, offering invaluable insights for investors, developers, and businesses operating within this dynamic sector. Covering the period from 2019 to 2033, with a base year of 2025, this study forecasts robust growth, driven by factors such as rising foreign direct investment (FDI), robust manufacturing expansion, and strategic government initiatives. Keywords: Vietnam industrial real estate, Vietnam logistics real estate, Vietnam factory space, Ho Chi Minh City industrial parks, Hanoi industrial property, industrial land Vietnam, Vietnam warehouse space, manufacturing facilities Vietnam. Key drivers for this market are: Urbanization and Infrastructure Development, Sustainable Construction Practices. Potential restraints include: Labor Shortages and Costs. Notable trends are: Growth in Vietnamese E-commerce to Drive the Industrial Real Estate Market.

Vietnam Labor in Industry: Hanoi: State: Central data was reported at 35,904.000 Person in 2017. This records a decrease from the previous number of 37,321.000 Person for 2016. Vietnam Labor in Industry: Hanoi: State: Central data is updated yearly, averaging 40,403.500 Person from Dec 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 57,162.000 Person in 2010 and a record low of 35,904.000 Person in 2017. Vietnam Labor in Industry: Hanoi: State: Central data remains active status in CEIC and is reported by Hanoi Statistical Office. The data is categorized under Global Database’s Vietnam – Table VN.G018: Labour Force and Employment: Hanoi.

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's total Exports in 2023 were valued at US$353.08 Billion, according to the United Nations COMTRADE database on international trade. Vietnam's main export partners were: the United States, China and South Korea. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Footwear, gaiters and the like,. Total Imports were valued at US$325.44 Billion. In 2023, Vietnam had a trade surplus of US$27.63 Billion.

Actual value and historical data chart for Vietnam Manufacturing Value Added Percent Of GDP

Vietnam Industrial Production Index: Computer, Electronic and Optical Products data was reported at 173.990 2015=100 in Mar 2019. This records an increase from the previous number of 127.800 2015=100 for Feb 2019. Vietnam Industrial Production Index: Computer, Electronic and Optical Products data is updated monthly, averaging 165.190 2015=100 from Jan 2017 (Median) to Mar 2019, with 27 observations. The data reached an all-time high of 213.730 2015=100 in Nov 2017 and a record low of 96.450 2015=100 in Jan 2017. Vietnam Industrial Production Index: Computer, Electronic and Optical Products data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.RF001: Industrial Production .

The Vietnam infrastructure market, valued at $18.33 billion in 2025, is projected to experience robust growth, driven by significant government investment in transportation, energy, and social infrastructure. A Compound Annual Growth Rate (CAGR) of 7.00% from 2025 to 2033 indicates a substantial expansion of the market, reaching an estimated value exceeding $35 billion by 2033. Key drivers include rapid urbanization, industrialization, and the government's commitment to improving connectivity and living standards. This growth is fueled by investments in large-scale projects such as expressways, railways, power plants, and new industrial parks. The transportation infrastructure segment, encompassing railways, roadways, airports, and waterways, is anticipated to be a major contributor to this growth, driven by increased trade and tourism. Similarly, the social infrastructure sector, including schools, hospitals, and defense projects, will see expansion reflecting the government’s focus on human development and national security. While challenges exist, such as land acquisition complexities and potential supply chain disruptions, the overall market outlook remains positive, with considerable opportunities for both domestic and international players. The leading companies, including Central Power Corporation, Coteccons, and Hoa Binh Construction, are well-positioned to capitalize on this expansion. The segmentation of the market reveals considerable opportunities across various infrastructure types. The manufacturing infrastructure segment, encompassing metal and ore production, petroleum refining, and chemical manufacturing, will benefit from industrial expansion and diversification. The power generation and distribution sub-segment within extraction infrastructure will witness considerable investment to meet rising energy demands. The strong growth forecast is supported by Vietnam's stable political environment, its strategic location in Southeast Asia, and its participation in numerous regional and global trade agreements. However, sustainable development practices and environmentally friendly infrastructure development will play a crucial role in shaping the long-term trajectory of the market, ensuring responsible and balanced growth. Recent developments include: June 2023: Coteccons, one of Vietnam's leading construction firms, has inked a three-year memorandum of understanding with Microsoft Vietnam to accelerate its construction sector innovation and value chain by using the potential of artificial intelligence and cloud technologies. The design of cloud reference architecture for contemporary infrastructure and platforms as a service will then be used to unleash the benefits of cloud computing, such as scalability, cost-effectiveness, and greater agility., March 2023: Xuan Thien Group has secured permission for the construction of a USD 1.25bn, 10Mt/yr cement plant in Hoa Binh Province. Việt Nam News has reported that the plant will occupy a 48-hectare site in Lac Thuy District. Construction will also involve the clearance of 48 hectares of jungle. Xuan Thien Group is currently also engaged in the construction of a lime plant and solar panel assembly plant in the district.. Key drivers for this market are: Increase in FDI in Vietnam boosting the market, Government has focused on developing infrastructure to underpin socio-economic development strategies. Potential restraints include: Increase in FDI in Vietnam boosting the market, Government has focused on developing infrastructure to underpin socio-economic development strategies. Notable trends are: Foreign Direct Investment (FDI) Boosting the Vietnam Market.

The hospitality industry in Vietnam is experiencing robust growth, driven by a surge in international and domestic tourism. The market size stood at USD 5.16 million in 2025 and is projected to reach USD 27.94 million by 2033, exhibiting a remarkable CAGR of 13.94%. Key drivers fueling this growth include government initiatives to promote tourism, rising disposable income, and increased air connectivity. The industry landscape is fragmented, with a mix of chain hotels, independent hotels, and specialized segments such as service apartments and budget hotels. Major players like InterContinental Hotels Group, Vinpearl, and Saigon Tourist hold a significant market share. Loyalty programs play a crucial role in customer retention, with major hotel brands offering attractive incentives and rewards. The industry faces challenges such as seasonality, competition from online travel agencies, and a need for sustainable practices. Nonetheless, the outlook for the Vietnamese hospitality sector remains positive, supported by continued economic growth and the country's appeal as a tourist destination. Recent developments include: November 2023: Marriott International recently revealed the launch of three upscale hotels in sought-after vacation spots in Vietnam. These comprise the Nha Trang Marriott Resort & Spa on Hon Tre Island, the Danang Marriott Resort & Spa in Non-Nuoc Beach Villas, and the Renaissance Hoi An Resort & Spa., August 2023: Fusion Hotel Group recently revealed the debut of Ixora Ho Tram by Fusion, a deluxe resort emphasizing wellness. Featuring 164 luxurious guestrooms and 46 exclusive villas, this outstanding establishment offers magnificent views of the beautiful coastline in southern Vietnam.. Key drivers for this market are: 4., Growth in Tourism is Driving the Market4.; Hotel Development in the Country Drives the Market Growth. Potential restraints include: 4., Lack Of Skilled Labour Is A Challenge For The Market4.; Regulatory Environment for Investors is a Challenge for Hospitality Sector. Notable trends are: Rise in the Number of Visitors to the Country is Driving the Hospitality Industry.

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.

The Vietnam Metal Packaging Market is Segmented By Product Type (Cans (Aluminum and Steel), Barrels & Drums, Caps & Closures) and End-user (Food, Beverages (Alcoholic and Non-alcoholic), Industrial, and Personal Care). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

The Vietnam warehousing market attained a value of USD 5.25 Billion in 2024. The market is expected to grow at a CAGR of 11.20% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 15.18 Billion.

A key driver of the Vietnam warehousing market is the deployment of fully automated robotic fleets in parcel sortation centres, which boosts throughput and operational precision in response to the surge in e-commerce. For example, in early 2025, the postal and courier firm Viettel Post deployed around 200 automated-guided vehicles (AGVs) across one of its Hanoi warehouses to sort packages for major online retailers. This innovation allows processing capacity to increase by roughly 3.5 times and cuts delivery times by 8-10 hours, aligning warehousing capabilities with Vietnam’s high-growth digital-commerce ecosystem.

The growth of the Vietnam warehouse market is further driven by strong economic growth. With rising manufacturing, retail and e-commerce, the demand for efficient storage and distribution is escalating. As per the General Statistics Office of Vietnam, Vietnam’s GDP was estimated to rise by 7.09% in 2024. Increasing foreign direct investment (FDI) and industrial production boost warehousing needs, particularly near manufacturing hubs and ports. This growth encourages developers and logistics firms to invest in modern warehouse infrastructure, supporting the country’s evolving supply chains.

The Vietnam warehousing industry is embracing technologies, such as warehouse management systems (WMS), automation, and robotics. These technologies improve inventory accuracy, reduce labour costs, and speed up operations. In August 2024, Nissin Logistics Vietnam partnered with MEKSMART to implement a custom NISSIN-WMS across their major warehouses in Binh Duong and Bac Ninh provinces. The push towards Industry 4.0 practices enables better supply chain visibility and efficiency. Although automation adoption is still in early stages compared to developed markets, rising labour costs and demand for high service quality encourage increased investment in tech-enabled warehouses.