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.

GDP Growth Rate in Vietnam averaged 6.28 percent from 2000 until 2018, reaching an all time high of 8.46 percent in the fourth quarter of 2007 and a record low of 3.14 percent in the first quarter of 2009. This page 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 GDP Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Growth Rate in Vietnam is expected to be 6.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Vietnam to stand at 6.50 in 12 months time. In the long-term, the Vietnam GDP Growth Rate is projected to trend around 6.50 percent in 2021, according to our econometric models.

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Vietnam GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.88 6.73 8.46 3.14 2000 - 2018 percent Quarterly

Vietnam GDP Last Previous Highest Lowest Unit
GDP Growth Rate 6.88 6.73 8.46 3.14 percent [+]
GDP Annual Growth Rate 2.62 0.39 8.48 0.39 percent [+]
GDP 261.92 245.21 261.92 6.29 USD Billion [+]
GDP Constant Prices 1594140.00 707223.00 3738546.00 480455.00 VND Billion [+]
Gross National Product 5686985.00 5154552.00 5686985.00 39284.00 VND Billion [+]
Gross Fixed Capital Formation 1462994.00 1321905.90 1462994.00 5495.00 VND Billion [+]
GDP per capita 2082.20 1964.50 2082.20 377.50 USD [+]
GDP per capita PPP 8041.20 7586.40 8041.20 1673.20 USD [+]
GDP From Agriculture 230920.00 72406.00 510632.00 65298.00 VND Billion [+]
GDP From Construction 89659.00 35837.00 244890.00 24018.00 VND Billion [+]
GDP From Manufacturing 321343.00 147153.00 712447.00 90932.00 VND Billion [+]
GDP From Mining 84385.00 37786.00 240462.00 37786.00 VND Billion [+]
GDP From Public Administration 45309.00 19670.00 98116.00 13398.00 VND Billion [+]
GDP From Services 599315.00 285964.00 1453677.00 216604.00 VND Billion [+]
GDP From Transport 45283.00 21475.00 111683.00 15783.00 VND Billion [+]
GDP From Utilities 10207.00 4688.00 22163.00 3044.00 VND Billion [+]


Vietnam GDP Growth Rate
Vietnam is a developing economy in the Southeast Asia. In recent years, the nation has been rising as a leading agricultural exporter and an attractive foreign investment destination. Vietnam's key products are: rice, cashew nuts, black pepper, coffee, tea, fishery products and rubber. Manufacturing, information technology and high-tech industries constitute a fast growing part of the economy. Vietnam is also one of the largest oil producers in the region.