Vietnam's gross domestic product advanced by 5.03 percent year-on-year in the first quarter of 2022, after a 5.22 percent expansion in the previous period, a preliminary estimate showed. It was the second straight quarter of growth in the economy, amid further reopening activities with output growing for all sectors: industry & construction (6.38 percent vs 5.61 percent in Q4 2021), services (4.58 percent vs 5.42 percent), and agriculture, forestry, and fishery (2.45 percent vs 3.16 percent). For this year, the government expects the economy to expand between 6.0 to 6.5%, compared with a 2.58% growth in 2021. source: General Statistics Office of Vietnam
GDP Annual Growth Rate in Vietnam averaged 6.17 percent from 2000 until 2022, reaching an all time high of 8.48 percent in the fourth quarter of 2007 and a record low of -6.02 percent in the third quarter of 2021. 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 June of 2022.
GDP Annual Growth Rate in Vietnam is expected to be 5.50 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 5.00 percent in 2023 and 6.10 percent in 2024, according to our econometric models.