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.


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Vietnam GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.97 7.48 8.48 3.12 2000 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 02:30 AM Q1 6.79% 7.31% 6.4%
2019-06-28 02:00 AM Q2 6.71% 6.82% 6.1%
2019-09-28 02:00 AM Q3 7.31% 6.73% 6.9%
2019-12-27 06:30 AM Q4 6.97% 7.48% 6%
2020-03-29 02:00 AM Q1 6.97% 7%
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News Stream
2019-09-28
Vietnam Economy Grows 7.31% in Q3
Vietnam's gross domestic product expanded by 7.31 percent year-on-year in the third quarter of 2019, following a marginally revised 6.73 percent growth in the previous quarter. This was the strongest GDP growth rate since the fourth quarter last year, as output expanded faster for industry and construction (10.05 percent vs 9.14 percent in Q2) and services (7.11 percent vs 6.85 percent). Meanwhile, agriculture, forestry and fisheries advanced softer (1.53 percent vs 2.04 percent in Q2). For the first three quarters of 2019, the economy grew 6.98 percent. Vietnam targets an economic growth of between 6.6-6.8 percent this year.

2019-06-28
Vietnam GDP Growth Weakest in 2 Years
Vietnam's gross domestic product expanded by 6.71 percent year-on-year in the second quarter of 2019, following an upwardly revised 6.82 percent growth in the previous quarter. This was the weakest growth rate since the second quarter of 2017, as output of agriculture, forestry and fisheries expanded softer (2.19 percent from 2.81 percent in Q1). Meanwhile, output grew faster for both services sector (6.85 percent from 6.50 percent) and industry and construction (9.14 percent from 8.68 percent). For first half 2019 as a whole, the economy grew 6.76 percent. Vietnam targets an economic growth of between 6.6-6.8 percent this year.

2019-03-29
Vietnam GDP Growth Slows to 6.79% in Q1
Vietnam's gross domestic product grew by 6.79 percent year-on-year in the first quarter of 2019, following a 7.31 percent expansion in the previous quarter. This was the weakest growth rate since the first quarter last year. The growth was driven by services sector (6.50 percent from 7.61 percent in Q4), industry and construction (8.63 percent from 8.65 percent), and agriculture, forestry and fisheries (2.68 percent from 3.90 percent). Vietnam targets an economic growth of between 6.6-6.8 percent this year.


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.

Vietnam GDP Last Previous Highest Lowest Unit
GDP Growth Rate 6.88 6.73 8.46 3.14 percent [+]
GDP Annual Growth Rate 6.97 7.48 8.48 3.12 percent [+]
GDP 244.95 223.78 244.95 6.29 USD Billion [+]
GDP Constant Prices 3738546.00 2522978.00 3738546.00 480455.00 VND Billion [+]
Gross National Product 5154552.00 4628741.00 5154552.00 39284.00 VND Billion [+]
Gross Fixed Capital Formation 1321905.90 1190474.59 1321905.90 5495.00 VND Billion [+]
GDP per capita 1964.50 1853.00 1964.50 377.50 USD [+]
GDP per capita PPP 6608.60 6233.50 6608.60 1457.60 USD [+]
GDP From Agriculture 510632.00 352698.00 510632.00 65298.00 VND Billion [+]
GDP From Construction 244890.00 148892.00 244890.00 24018.00 VND Billion [+]
GDP From Manufacturing 712447.00 495670.00 712447.00 90932.00 VND Billion [+]
GDP From Mining 210464.00 134642.00 240462.00 38180.00 VND Billion [+]
GDP From Public Administration 98116.00 65913.00 98116.00 13398.00 VND Billion [+]
GDP From Services 1453677.00 977261.00 1453677.00 216604.00 VND Billion [+]
GDP From Transport 111683.00 75470.00 111683.00 15783.00 VND Billion [+]
GDP From Utilities 22163.00 15794.00 22163.00 3044.00 VND Billion [+]