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%. source: General Statistics Office of Vietnam

GDP Annual Growth Rate in Vietnam averaged 6.19 percent from 2000 until 2022, reaching an all time high of 8.48 percent in the fourth quarter of 2007 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 August of 2022.

GDP Annual Growth Rate in Vietnam is expected to be 8.90 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
2022-03-29 02:00 AM Q1 5.03% 5.22% 5.5%
2022-06-29 02:00 AM Q2 7.72% 5.05% 5.9%
2022-09-29 02:00 AM Q3 7.72%


Related Last Previous Unit Reference
GDP Growth Rate 6.88 6.73 percent Sep 2018
GDP Annual Growth Rate 7.72 5.05 percent Jun 2022
GDP Constant Prices 2602382.00 1255312.00 VND Billion Jun 2022
Gross National Product 5930690.00 5686985.00 VND Billion Dec 2020
Gross Fixed Capital Formation 1533217.00 1462994.00 VND Billion Dec 2020
GDP From Mining 76502.00 37038.00 VND Billion Jun 2022
GDP From Manufacturing 646768.00 304815.00 VND Billion Jun 2022
GDP From Construction 153351.00 68401.00 VND Billion Jun 2022
GDP From Agriculture 272241.00 130990.00 VND Billion Jun 2022
GDP From Utilities 14587.00 7527.00 VND Billion Jun 2022
GDP From Transport 135144.00 69373.00 VND Billion Jun 2022
GDP From Services 1094980.00 535754.00 VND Billion Jun 2022
GDP From Public Administration 48542.00 21067.00 VND Billion Jun 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
7.72 5.05 8.48 -6.02 2000 - 2022 percent Quarterly

News Stream
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
Vietnam GDP Rebounds Sharply in Q4
Vietnam's gross domestic product grew by 5.22 percent year-on-year in the fourth quarter of 2021, recovering from a downwardly revised 6.02 percent contraction in the previous period, a preliminary estimate showed. The upturn was supported by a gradual easing of COVID-19 restrictions and an acceleration in vaccinations, with activity rebounding for both industry & construction (5.61 percent vs -5.49 percent in the September quarter), and services (5.42 percent vs -8.57 percent) while quickening for agriculture, forestry, and fishery (3.16 percent vs 1.2 percent). For full 2021, the economy expanded 2.58 percent, missing the GDP growth target for the year of 6.5 percent and slowing from 2.91 percent in 2020, amid sluggish consumer spending due to prolonged curbs on movement and despite strong exports.
2021-12-29