Vietnam's gross domestic product grew by 6.88 percent year-on-year in the third quarter of 2018, compared with a marginally revised 7.73 percent growth in the previous quarter. The growth was driven by services sector (6.87 percent from 6.90 percent in Q2), industry and construction (8.61 percent from 9.28 percent), and agriculture, forestry and fisheries (3.46 percent from 3.93 percent). Considering the first three quarters of this year, the economy expanded 6.98 percent compared to the same period of 2017, the fastest growth since 2011. GDP Annual Growth Rate in Vietnam averaged 6.51 percent from 2000 until 2018, reaching an all time high of 8.48 percent in the fourth quarter of 2007 and a record low of 3.12 percent in the first quarter of 2009.
GDP Annual Growth Rate in Vietnam is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Vietnam to stand at 7.10 in 12 months time. In the long-term, the Vietnam GDP Annual Growth Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.