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.

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Vietnam GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-06-29 02:00 AM Q2 7.72% 5.05% 5.9%
2022-09-29 02:00 AM Q3 13.67% 7.72% 7.2%
2022-12-28 02:00 AM Q4 13.67%


Related Last Previous Unit Reference
GDP Growth Rate 6.88 6.73 percent Sep 2018
GDP Annual Growth Rate 13.67 7.72 percent Sep 2022
GDP Constant Prices 4006189.00 2602382.00 VND Billion Sep 2022
Gross National Product 8025800.00 5930690.00 VND Billion Dec 2021
Gross Fixed Capital Formation 2655168.80 1533217.00 VND Billion Dec 2021
GDP from Utilities 21880.00 14587.00 VND Billion Sep 2022
GDP from Transport 222882.00 135144.00 VND Billion Sep 2022
GDP from Services 1728262.00 1094980.00 VND Billion Sep 2022
GDP from Public Administration 73938.00 48542.00 VND Billion Sep 2022
GDP from Mining 120164.00 76502.00 VND Billion Sep 2022
GDP from Manufacturing 943954.00 646768.00 VND Billion Sep 2022
GDP from Construction 247916.00 153351.00 VND Billion Sep 2022
GDP from Agriculture 424501.00 272241.00 VND Billion Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
13.67 7.72 13.67 -6.02 2000 - 2022 percent Quarterly

News Stream
Vietnam Q3 GDP Growth Strongest Since 2000
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%.
2022-09-29
Vietnam Q2 GDP Growth Accelerates Strongly
Vietnam's gross domestic product expanded 7.72% yoy in Q2 of 2022, much faster than a marginally revised 5.05% growth in Q1 and pointing to the the third straight quarter of expansion, flash data showed. The latest print was also the strongest pace of growth since Q4 2007 and the highest growth rate for only Q2 since 2011, boosted by a fiscal stimulus worth about $15 billion and further reopening of the economy after near 2 years of closure. Output strengthened for industry & construction (7.70% vs 6.38% in Q1), services (6.60% vs 4.58%), and agriculture (2.78% vs 2.45%). Meantime, household spending recovered further; while exports stayed solid, particularly to the US. During H1, the GDP grew 6.42% yoy, stronger than a 5.74% rise in the same period of 2021. For H2, however, the government has warned that the economy will face multiple headwinds from both soaring inflation and persistent global uncertainty. For full 2022, the economy is expected to advance of around 6% to 6.5%.
2022-06-29
Vietnam GDP Grows 5.03% YoY in Q1
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.
2022-03-29