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.