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. 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 September of 2021.

GDP Annual Growth Rate in Vietnam is expected to be 7.10 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 6.30 in 12 months time. In the long-term, the Vietnam GDP Annual Growth Rate is projected to trend around 6.50 percent in 2022 and 5.90 percent in 2023, according to our econometric models.

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Vietnam GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.61 4.65 8.48 0.39 2000 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-29 02:00 AM Q3 2.62% 0.39% 2.5%
2020-12-27 07:00 AM Q4 4.48% 2.69% 3.5%
2021-03-29 02:00 AM Q1 4.48% 4.48% 5.8%
2021-06-29 02:00 AM Q2 6.61% 4.65% 7.1%
2021-09-29 02:00 AM Q3 6.61% 0.5%
2021-12-28 02:00 AM Q4
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Q4 GDP Growth Rate Accelerates to 4.48%
Vietnam's gross domestic product advanced by 4.48 percent year-on-year in the fourth quarter of 2020, accelerating from a marginally revised 2.69 percent growth 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 GDP growth was driven mainly by agriculture, forestry and fisheries sectors (4.69 percent); industry and construction (5.60 percent) and service sector (4.29 percent). The economy growth in the fourth quarter of this year, however, remains significantly lower than an expansion of 6.79 percent recorded at the same period last year, before the pandemic. Considering the whole year of 2020, the economy expanded 2.91 percent from a year earlier.
2020-12-27
Vietnam Q3 GDP Annual Growth Accelerates to 2.62%
Vietnam's gross domestic product advanced by 2.62 percent year-on-year in the third quarter of 2020, accelerating from a marginally revised 0.39 percent growth 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 GDP growth was driven mainly by agriculture, forestry and fisheries sectors (2.93 percent); industry and construction (2.95 percent) and service sector (2.75 percent). The economy growth in the third quarter of this year, however, remains significantly lower than an expansion of 7.31 percent recorded at the same period last year, before the pandemic. Considering the first nine months of 2020, the economy expanded 2.12 percent from a year earlier.
2020-09-29

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.