Vietnam's gross domestic product advanced 13.67% yoy in Q3 of 2022, much faster than a 7.72% growth in Q2 and pointing to the fourth straight quarter of expansion, flash data showed. The latest print was also the strongest pace of growth at least since 2000, due to low base effects last year, when the COVID-19 broke out strongly. Output strengthened for industry & construction (12.91% vs 7.70% in Q2), services (18.86% vs 6.60%), and agriculture (3.24% vs 2.78%). Considering the first three quarters of the year, the GDP expanded 8.83% yoy, which was the highest increase of 9 months in the period 2011-2022, as production and business activities gradually regained growth momentum, policies recovered, and the government's socio-economic development has brought into full play. For full 2022, the economy is expected to grow of around 6% to 6.5%. source: General Statistics Office of Vietnam
GDP Annual Growth Rate in Vietnam averaged 6.27 percent from 2000 until 2022, reaching an all time high of 13.67 percent in the third quarter of 2022 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 November of 2022.
GDP Annual Growth Rate in Vietnam is expected to be 8.00 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.