Vietnam's gross domestic product shrank by 6.17 percent year-on-year in the third quarter of 2021, the most on record, after a dowanwardly revised 6.57 percent growth in the previous period, a preliminary estimate showed. The latest reading reflected the country’s tough anti-coronavirus policies, with activities falling in both industry & construction (-5.02 percent) and service sector (-9.28 percent). Considering the first three quarters of the year, the economy expanded by 1.42 percent from a year earlier. The Southeast Asian country, which was successful at mitigating infections during the early stage of the pandemic, now sees its economy at risk. Full-year growth may come at 3.5%-4%, according to planning and investment ministry estimates, significantly lower than the government’s initial target of about 6.5%. source: General Statistics Office of Vietnam

GDP Annual Growth Rate in Vietnam averaged 6.34 percent from 2000 until 2021, reaching an all time high of 8.48 percent in the fourth quarter of 2007 and a record low of 0.39 percent in the second quarter of 2020. This page 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 GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Annual Growth Rate in Vietnam is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam GDP Annual Growth Rate is projected to trend around 3.50 percent in 2022 and 5.90 percent in 2023, according to our econometric models.

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Vietnam GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-29 02:00 AM Q2 6.61% 4.65% 7.1%
2021-09-29 02:00 AM Q3 -6.17% 6.57% 0.5%
2021-12-28 02:00 AM Q4 -6.17%


Related Last Previous Unit Reference
GDP Growth Rate 6.88 6.73 percent Sep/18
GDP Annual Growth Rate -6.17 6.57 percent Sep/21
GDP Constant Prices 3643802.00 2443187.00 VND Billion Sep/21
Gross National Product 5930690.00 5686985.00 VND Billion Dec/20
Gross Fixed Capital Formation 1533217.00 1462993.64 VND Billion Dec/20
GDP From Utilities 20788.00 13721.00 VND Billion Sep/21
GDP From Transport 180024.00 124986.00 VND Billion Sep/21
GDP From Services 1508521.00 1027529.00 VND Billion Sep/21
GDP From Public Administration 72693.00 47238.00 VND Billion Sep/21
GDP From Mining 113057.00 74796.00 VND Billion Sep/21
GDP From Manufacturing 872798.00 591082.00 VND Billion Sep/21
GDP From Construction 228578.00 146647.00 VND Billion Sep/21
GDP From Agriculture 420887.00 265008.00 VND Billion Sep/21

News Stream
Vietnam Posts Record GDP Slump in Q3
Vietnam's gross domestic product shrank by 6.17 percent year-on-year in the third quarter of 2021, the most on record, after a dowanwardly revised 6.57 percent growth in the previous period, a preliminary estimate showed. The latest reading reflected the country’s tough anti-coronavirus policies, with activities falling in both industry & construction (-5.02 percent) and service sector (-9.28 percent). Considering the first three quarters of the year, the economy expanded by 1.42 percent from a year earlier. The Southeast Asian country, which was successful at mitigating infections during the early stage of the pandemic, now sees its economy at risk. Full-year growth may come at 3.5%-4%, according to planning and investment ministry estimates, significantly lower than the government’s initial target of about 6.5%.
2021-09-29
Vietnam Q2 GDP Growth Strongest in 1-1/2 Years
Vietnam's gross domestic product advanced by 6.61 percent year-on-year in the second quarter of 2021, accelerating from an upwardly revised 4.65 percent growth in the previous period, a preliminary estimate showed. This was the strongest growth rate since the fourth quarter of 2019, as the economy gradually returned to normal conditions, following the easing of lockdown measures to contain the spread of the coronavirus. The expansion was driven mainly by agriculture, forestry and fisheries (4.11 percent); industry and construction (10.28 percent), and service sector (4.30 percent). Considering the first half of the year, the economy expanded by 5.64 percent from a year earlier. For 2021, the government is targeting economic growth at 6.5 percent.
2021-06-29
Vietnam Economy Grows 4.48% in Q1
Vietnam's gross domestic product advanced by 4.48 percent year-on-year in the first quarter of 2021, the same pace as in the previous period, as the economy gradually returned to normal conditions, after loosening the lockdown measures to contain the spread of the coronavirus, the preliminary estimate showed. The expansion was driven mainly by agriculture, forestry and fisheries (3.16 percent); industry and construction (6.30 percent), manufacturing (9.45 percent) and service sector (3.34 percent). For 2021, the government is targeting economic growth at 6.5 percent.
2021-03-29

Vietnam GDP Annual Growth Rate
In Vietnam, industry and construction constitute the biggest sector of the economy (41 percent of total GDP). Yet, in the past six years the growth in services outpaced significantly all other sectors, and today services account for 37 percent of GDP. Finally, agriculture, forestry and fishing represent 22 percent of total output.