Vietnam's gross domestic product expanded by 6.97 percent year-on-year in the fourth quarter of 2019, following an upwardly revised 7.48 percent growth in the previous quarter. For full year of 2019, the economy grew 7.02 percent, exceeding the National Assembly's target from 6.6 percent to 6.8 percent. GDP Annual Growth Rate in Vietnam averaged 6.54 percent from 2000 until 2019, 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. source: General Statistics Office of Vietnam
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 6.40 in 12 months time. In the long-term, the Vietnam GDP Annual Growth Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.