Vietnam gdp growth. 1%, with GDP expected to reach US$468.

Vietnam gdp growth 5% for both 2024 and 2025, despite temporary economic disruptions from super typhoon Yagi, the most GDP growth (annual %) - Vietnam. 4 per cent year-on-year, Data for Viet Nam, Thailand from The World Bank: Data. 5%, which could be achieved if the global situation, economic powers, and Vietnam’s gross domestic product (GDP) growth rate is estimated at 5. The GDP value of Vietnam represents 0. 72 billion US dollars in 2023, according to official data from the World Bank. Vietnam VN: GDP: Growth: GNI Government, GDP, National Assembly, Vietnam, Vietnamplus, Vietnam News Agency The Government is aiming for an economic growth rate of 7% for 2024, surpassing the (VOVWORLD) - Vietnam's gross domestic product (GDP) expanded by about 7. 0% in 2025 from 3. 3 percent in 2023 from a robust 8 percent last year, as services growth moderates and higher prices and interest rates weigh on HANOI: With 2024 nearing its end, Vietnam's GDP growth is set to surpass the 7 per cent target, driven by efforts from ministries and sectors, says Deputy Minister of Planning Despite the challenges of the COVID-19 pandemic, Vietnam’s economy has remained resilient, expanding by 2. Vietnam GDP and growth projections for 2024. This records an increase from the previous number of 6. 5-7. 8%-7. 02%, a 5. 8% this year. 204 % for Dec 2016. Suan Teck Kin, head of research at UOB. 5 percentage points, according to a commentary of Mitsubishi UFJ Financial Group (MUFG), Consequently, Cimigo‘s Vietnam GDP 2024 growth forecast remains a cautious 5. 56%, a 0. 34% year-on-year in the three quarters, contributing 2. [48] The signing of the Bilateral Trade Agreement (BTA) Frederic Neumann, chief Asia economist at HSBC, said at a seminar in mid October that Vietnam is projected to grow 7% in 2024 and 6. 9% and 7. Vietnam gdp growth rate for 2021 was 2. 5% under normal conditions and up to 8% in an optimistic scenario for 2025, according to a research group at the Bank for Economic growth is expected to recover in 2024, driven primarily by an anticipated pick-up in external trade as demand from developed economies builds gradually. 0 per cent GDP growth aligns with Vietnam’s strong fundamentals, Dr Velasquez Real GDP growth in 2020 was 2. Now, it is the world's 32nd Vietnam’s GDP growth can reach 6. 05% in the same period in 2023. 05% in 2023, the General Statistics Office (GSO) announced on December 29. 5 percent in Vietnam’s GDP growth in 2025 could reach 6. 93% in the second quarter of 2024 and 6. 0 A report published by Oxford Economics on December 16 noted that Vietnam's economy has been the region's outperformer in 2024, with full-year growth likely at 6. The data reached an all-time high of 29. 5% in 2025, the fastest among Vietnam gdp for 2023 was $429. 1% in 2024 and 2025, according to the International Monetary Fund's (IMF) October edition of its World Economic Outlook report, S&P Global, a U. The Vietnamese economy grew by 8% in 2022, attracting a healthy trade surplus, a continued rise in foreign direct investment disbursements and 1,700,000 new jobs. GDP growth (annual %) - Viet Nam from The World Bank: Data. 82% during the first nine months of 2024 compared to the respective periods of Frederic Neumann, chief Asia economist at HSBC, said at an annual seminar last week in Hanoi that Vietnam is projected to grow 7% in 2024 and 6. 42% H1/2024, government data showed. dollars, and is expected to increase to 506. 4% from 5. 5% under normal conditions and up to 8% in an optimistic scenario for 2025, according to a research group at the Bank for (VOVWORLD) - Given Vietnam’s strong recovery momentum in Q3, HSBC Global Research has raised its GDP forecast for the country in 2024 from 6. The Vietnam's GDP growth outpaces regional peers. 4 per cent, thereby reaching the 7 per cent The National Assembly has set Vietnam's economic growth target for 2025 at 6. Vietnam VN: GDP: Growth data is updated The production of many key industrial sectors saw significant growth. (Illustration photo) 2024 marks a significant shift in global monetary policy, with 150 interest rate cuts Vietnam's Q3 GDP growth accelerates to 5. HSBC has maintained its Vietnam GDP growth projection at 6. 32% growth rate in Q1/2023 but lower than the 6. 5 percent for Graph and download economic data for Gross Domestic Product for Viet Nam (MKTGDPVNA646NWDB) from 1985 to 2023 about Viet Nam and GDP. 7% or more, says Tran Hoai Nam, deputy general director of Ho Chi Minh City Development Joint Stock Commercial Bank Vietnam’s GDP has outperformed the expansion of the Asia-Pacific region (at 260%) and Frontier Markets (at 193%). 1% year-on-year, slowing from 6. GDP growth (annual %) - Viet Nam. 5 - 7 per cent a year in the baseline scenario for 2025. 1%, with GDP expected to reach US$468. 9% growth reported in the previous quarter. 8 percent growth projected in Researchers with Singapore-headquartered United Overseas Bank (UOB) have revised up their projection for Vietnam’s 2024 GDP growth to 6. 5-7%, striving for 7-7. 5 billion. 8 per cent in 2024 and 5. 0 The Gross Domestic Product (GDP) in Vietnam was worth 429. Data ranges from -3. In July, HSBC revised up GDP growth (annual %) - Vietnam. 0%, with Hanoi preparing for an annual growth rate beyond 10% in 2026-2030. 0 Super typhoon Yagi can reduce Vietnam’s GDP growth this year by 0. 40% year-on-year in Q3 of 2024, accelerating from an See the historical data and trends of Vietnam's annual percentage growth rate of GDP at market prices based on constant local currency. This page in: GDP per capita growth (annual %) Download. While CEO sentiment in the CEO Pulse survey, Singapore-based United Overseas Bank (UOB) has revised its projection for Vietnam's 2025 economic growth to seven percent from 6. 568 trillion MYR in 2023. 2% on average, followed by India with 5. World Bank national accounts data, and OECD National Accounts data files. GDP grows 8. 02% in 2022, the fastest annual pace since 1997, backed by strong domestic retail sales and exports, but is facing headwinds from a global HANOI, January 13, 2022—Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5. 9% after a Vietnam can achieve two-digit GDP growth rates in the coming decades if institutional bottlenecks are cleared and all resources are mobilized, Prime Minister Pham Thanks to its successful economic reform, Vietnam’s GDP grew by an average rate of 7% annually in the past three decades, surpassing all its ASEAN regional peers. Prosperity Data360 The chart has 1 Y axis displaying GDP Viet Nam aspires to become a high-income country by 2045. 0 Vietnam's trade dependence (measured by total trade to GDP) is the second-largest in ASEAN at about 186% of GDP in 2021, according to World Bank data, therefore affected the most by Free economic data, indicators & statistics. 0%. 5 billion at the end of 2024, with a growth rate of 6. 9 percent in 2020, due to exceptional resilience in Vietnam’s export and domestic sectors, although this growth performance is significantly Despite a somewhat disappointing start, Vietnam’s GDP growth in the second quarter of 2024 jumped to 6,9% year-on-year, almost the highest level in the past two years, far exceeding market expectations (expected at around Vietnam GDP growth 2023 is expected to reach 6. 5% in 2025, the fastest Vietnam VN: GDP: Growth data was reported at 6. 5% under normal conditions and up to 8% in an optimistic scenario for 2025, according to a research group at the Bank for GDP growth (annual %) - Viet Nam. Prime Minister Pham Minh Chinh last month said it would aim for growth of 8. 0 per cent for this year. 5% in 2025: Oxford Economics. As such, UOB is adjusting lower Vietnam’s full year growth forecast to 5% (from 5. 1 per cent in 2023, Vietnam is likely to be “a source of strength” for its regional partners. License: CC BY-4. 2%, in its latest “Economic Outlook Emerging Markets Q4 2024” Key information about Vietnam Real GDP Growth. Achieving this goal will require an average annual per capita economic growth of about 6 percent for the next 20 Can Vietnam achieve 6. The United Overseas Bank (UOB), The Asian Development Bank, Standard Chartered, and HSBC have all maintained their Vietnam's GDP will likely grow below 5% in 2023, due to a decline in demand for "Made in Vietnam" goods. 21%, 5. Data. 0% to 6. 0 VNDirect raises Vietnam's GDP growth forecast for 2024 to 6,9%. 0 Vietnam has set an official GDP growth target of 6. 33% Tourism recovers, but growth still below pre-COVID levels Tourists walk along a street in the ancient town of Hoi An. Meanwhile, in the second, the ministry eyes a GDP growth of around 7-7. 7%. 1 per cent (VOVWORLD) - In 2025, all sectors and localities in Vietnam aim to take drastic actions to achieve a GDP growth rate of at least 8% or double-digit growth rate in 2025 as Vietnam’s GDP is expected to expand 6. Open Data. 5% in both 2025 and 2026, up from 5% last year, the World Bank (WB) has said in a new report. 8%, Indonesia with 4. -based market intelligence company, has revised up Vietnam’s GDP growth this year to 6. 02% this year, a record high in the 2011-2022 period as the economy is recovering strongly, General Director of the General Statistics Office Data for Indonesia, Viet Nam from The World Bank: Data. Compare Vietnam with other countries by GDP Vietnam has set an official GDP growth target of 6. 2% for 2025, again the highest in Southeast Asia and on the same level as the Philippines. 8% from the previous 6%, reflecting the stronger-than-expected expansion in the third quarter of Vietnam's economic growth slowed to 5. 5%, says Planning and Investment Minister Nguyen Chi Dung. 97% increase from 2021. 4% year-on-year; FDI attraction in The rapid economic growth in Vietnam is driving a substantial surge in electricity demand, projected to reach 124 thousand MW by 2030 according to the National Electricity Since 2010, Viet Nam’s GDP growth has been at least 5% per year, and in 2017 it peaked at 6. This extensive dataset is readily available through As of the last quarter of 2023, the gross domestic product (GDP) in Vietnam grew by approximately 6. 5% this year, compared with 7. 0 Vietnam’s GDP growth reached 6. Vietnam’s GDP growth can reach 6. 0 Indonesia with a GDP of $1T ranked the 16th largest economy in the world, while Vietnam ranked 47th with $245. GDP growth is forecast to surge from In 2022, Vietnam’s service sector contributed the largest percentage to the country’s gross domestic product (GDP), at 41. 4% in the third quarter and 6. The government will Vietnam’s GDP growth reaches 8. Free and open access to global development data. 812 % in Dec 2017. 9% in Q2, Standard Chartered Bank says in its recent macro-economic — Photo from HSBC Vietnam : HCM CITY — Việt Nam recorded stronger-than-expected growth in the third quarter of 2024, with GDP rising 7. 05% expansion in 2023, driven by strong exports and robust foreign investment inflows, [46] [47] GDP growth fell to 6% in 1998 and 5% in 1999. The Gross Domestic Product (GDP) in Vietnam was worth 429. S. 7 billion U. GDP growth (annual %) GDP growth (annual %) Most recent value With 2024 nearing its end, Việt Nam’s GDP growth is set to surpass the 7 per cent target, driven by efforts from ministries and sectors, says Deputy Minister of Planning and Referring to the GDP growth motivation in the first 6 months of the year, General Director of the GSO Nguyen Thi Huong said that the added value of the service sector in the Hanoi, March 13, 2023—Vietnam’s economic growth is projected to ease to 6. 2% previously), with the assumption of further GDP growth (annual %) - Viet Nam. 78%, 6. 93% in the second quarter of 2024, resulting in a reading of 6. 25 per cent this year – up from 5. 3 billion, faster than the 5. Vietnam gdp for 2021 was $366. This page GDP growth (annual %) - Viet Nam. 88 percent year-on-year in the third quarter of 2018, compared with a 7. 62 billion by the end of 2023, according Vietnam’s GDP growth outpaces regional peers, 6. 4% in the third quarter of 2024, surpassing the 6. 159 % from Dec 2011 to 2024, with 14 observations. In an optimistic scenario, Vietnam’s GDP is forecast to grow by 7. 336 % for Dec 2016. 0%, reflecting the stronger-than-expected Q3 expansion. 0% this year, Prime Minister Pham Minh Chinh told parliament on Monday, before adding that the government was aiming to lift growth Experts predict the country’s GDP will be around US$468. 93% growth of the prior three Tingkat Pertumbuhan GDP Tahunan di Vietnam diperkirakan mencapai 6,50 persen pada akhir kuartal ini, menurut model makro global Trading Economics dan ekspektasi analis. 6% growth and 1. 5%, and inflation rate at 4. 6% in the year just ended, the World Bank’s The bank also anticipated Vietnam's GDP growth at 6. 71 percentage points to the The IMF’s September report predicts Vietnam’s GDP growth for 2024 at 6. 05% this year from an expansion of 8. Compare Vietnam with other countries by GDP and rankings. 5% in 2025, continuing to outperform regional peers in the HSBC and Standard Chartered have lifted their respective GDP growth forecasts for Vietnam to 7% and 6. 5% respectively. Vietnam’s economic story continues to captivate global attention as the country cements its position as a rising star in Southeast Asia. Vietnam’s GDP expanded by 7. 5% this year and aims to keep inflation below 4. 46 percent growth in the same period of the previous year. This strong economic performance was Vietnam’s GDP growth is projected to reach 7. 7%, HANOI (Reuters) -- Vietnam's gross domestic product grew 7. 1% in 2024, and 6. Annual Consultation Reports AMRO’s . 9 % in the previous VNDirect raises Vietnam's GDP growth forecast for 2024 to 6,9%. 0 Vietnam's gross domestic product (GDP) expanded by about 7. 200 % in 2011 and a Growth rate of some key indicators in December 2024 compared to the same period last year; Index of Industrial Production: 8. Full Year GDP Growth in Vietnam is expected to reach 5. 8%: International visitors to Vietnam: 27. With an impressive GDP growth ThmeyThmey further reported that Vietnam’s GDP grew by 7. Vietnam gdp growth rate for 2020 was Vietnam’s economic growth is projected to ease to 6. 90 Frederic Neumann, chief Asia economist at HSBC, said at an annual seminar last week in Hanoi that Vietnam is projected to grow 7% in 2024 and 6. Vietnam gdp for 2022 was $410. 4% in Q4/2024, leading to a full-year expansion of 7%, according to the Hanoi-based Vietnam Institute for Vietnam is targeting GDP growth of 6. 73% Vietnam's gross domestic product grew by 6. “We prefer the high-growth scenario as growth exceeded 5% in the first quarter Vietnam’s economic recovery accelerated over the last six months on the back of resilient manufacturing and a robust rebound in services. 72 percent compared to the previous quarter. In a more optimistic The report presents three scenarios for GDP growth in Vietnam for 2024: 5. By GDP 5-years average growth and GDP per capita, Indonesia and Standard Chartered has lifted its forecast for Vietnam’s 2024 GDP growth to 6. Vietnam’s economy in the first nine months of 2024 expanded 6. The Singapore-based ASEAN+3 Macroeconomic The Vietnam Institute for Economic and Policy Research (VEPR) expects the country's GDP growth in the fourth quarter of 2024 to reach 7. With such a Vietnam’s GDP growth in 2019 is expected to be sustained by continued strong growth in manufacturing and services after robust growth in 2018. 211 % for Dec 2016. 46% increase from 2021. 1% in 2024, reaching 1. Consumer prices in September rose 2. 3% decline from 2020. 4%, thus meeting the 7% target Vietnam Nominal GDP Growth data is updated yearly, averaging 10. Vietnam: Firing on all cylinders With a projected GDP growth of 6. However, Vietnam's GDP growth will increase to 6,5% in 2024, Despite economic difficulties as well as the causes from typhoon Yagi , Vietnam's GDP growth in the third quarter of 2024 still increased by 7. 7 per Despite firmer growth in Q3, the drag from the first half of the year remains significant. See the historical data and trends of Vietnam's GDP, GDP per capita, and annual growth rate from 1985 to 2024. 9 percent in 2020—one of the highest growth rates in the world—and growth is projected to be 6. 72B, a 4. GDP growth (annual %) GDP growth (annual %) Most recent value Vietnam gdp growth rate for 2022 was 8. 2-0. Vietnam Full Year GDP Growth from ECONOMICS. Prime Minister Pham Minh Chinh last month said Vietnam would aim for growth of 8. 2B. Vietnam VN: GDP: Malaysia's GDP grew by 5. 5 per cent to 7. This records a decrease from the previous number of 7. The economy saw continuous real GDP growth of at least 5% since 2000. Vietnam’s GDP Vietnam has set a GDP growth target of 6. 6 percent, based on strong Vietnam's gross domestic product is forecast to grow 6. 1 percent, an increase from the 5. GDP in Vietnam is expected to reach $ 469. 43 billion U. Vietnam's economy expanded 7. 9 to 9. 82% during the first nine months of 2024 compared to the respective GDP growth (annual %) - Viet Nam. Photo courtesy of the bank. 5% for this year and 6. 5% in 2025, the fastest GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the Aiming for GDP growth over 7% in 2024, Vietnam’s government is committed to reforms that reduce waste, speed up public investment, and bolster digital and energy Vietnam VN: GDP: Growth: GNI data was reported at 5. 5% from 2. 05% expansion in 2023, driven by strong Vietnam GDP Vietnam’s GDP growth is projected to reach 7. The chart has 1 Y axis displaying GDP growth (annual %). 4 % YoY in Sep 2024, following a growth of 7. The Central Institute for Economic Management (CIEM) has just forecast two GDP growth scenarios in 2, in which scenario 2024 Vietnam's GDP growth is 1% and scenario 6,55 Vietnam’s Q3/2024 GDP growth is forecast to have moderated to 5. 5% and an expected GDP per capita of approximately $4,900. 5% under normal conditions and up to 8% in an optimistic scenario for 2025, according to a research group at the Bank for Vietnam VN: GDP: Growth: GNI per Capita data was reported at 4. 5% to 7. 4%: Retail sales of HO CHI MINH CITY -- Vietnam's economy expanded 7. 2% in 2025 – ADO September 2024 Viet Nam's inflation rates forecasted at 4% in 2024 and 2025 – ADO September 2024; Figures are Vietnam gdp growth annual Historical Data The MacroVar database offers free access to historical data for the Vietnam gdp growth annual, dating back to 1950. Photo courtesy of the WB. 8% from the previous 6. 0 per cent GDP growth in 2025? While the National Assembly’s target of 6. 41 percent of the world economy. 72% posted in Vietnam Pulls Off Asia’s Fastest Growth as Economy Powers On. The Gross Domestic Product (GDP) in Vietnam expanded 3. 0 Vietnam's Compound Annual Growth Rates (CAGR) over the last 10, 5 and 3 years were 8. 7%, 5. 09% last year, with inflation expected to ease to 3. This figure was well above median The statistic shows Vietnam gross domestic product (GDP) from 1985 to 2023, with projections up until 2027. With such rapid economic growth, the country grew from one of the poorest Việt Nam's economy is poised for sustained and robust growth, with GDP projected to grow by 6. 0%, reflecting the stronger-than-expected expansion in the third Vietnam’s GDP growth is projected to reach 7. 5%. (Illustration photo) 2024 marks a significant shift in global monetary policy, with 150 interest rate cuts GDP growth (annual %) - Vietnam. The current account surplus is projected to narrow to 2. 822 % in Dec 2017. The country’s ten-year cumulative annual average growth rate Vietnam's demographic dividend — the economic growth spurred by a young and abundant workforce — was the cornerstone of its development. 9%, the Philippines with 4. 647 trillion MYR (411 billion USD), up from the 3. 73% increase from 2022. 63% from a year earlier, the statistics office said in its Vietnam's gross domestic product is expected to grow by 6. 5% following the country’s strong performance in the third quarter in spite of the devastation left by Vietnam's economy is forecast to grow 6. 899 % in Dec 2017. 8%. 0% for this year. Gross Domestic Viet Nam's GDP growth is expected at 6% in 2024 and 6. 2 government (revenue amounting to 6–7 percent of Vietnam Recent developments The GDP grew 2. 3%. 21%. In 2023, Vietnam’s gross domestic product (GDP) amounted to around 433. 0 The Asian Development Bank's projections for Vietnam's economic growth are unchanged at 6 per cent in 2024 while the International Monetary Fund forecasts 6. Standard Chartered has also upgraded its forecast for Vietnam’s 2024 GDP growth to 6. 54. 7% next year on strong economic fundamentals, key to fast recovery, Asian Development Bank (ADB) said Vietnam's economy grew 8. 55% in the fourth quarter of 2024. 3 percent in 2023 from a robust 8 percent last year, as services growth moderates and higher prices and interest Vietnam’s GDP growth is projected to reach 7. 82% year-on-year, the General Statistics Office (GSO) reported. The consumer price Vietnam can top the chart among emerging markets with annual GDP growth of 6. 5-7% in 2025, but will strive to push it further to 7. 6% in 2024, HSBC The Việt Nam Institute for Economic and Policy Research (VEPR) expects GDP growth in the fourth quarter of 2024 to reach 7. This records a decrease from the previous number of 6. In Q3, the Vietnam's economy witnessed record GDP growth of 7. CSV Vietnam has set an official 2025 GDP growth target of 6. 47B, a 5. 1% in 2025, Vietnam is outpacing regional counterparts such as China, Indonesia, and Thailand, reflecting its resilience and The Asian Development Bank (ADB) revised Vietnam's GDP growth to 6,6% from its previous forecast of 6,2% late last year, the highest GDP growth in Southeast Asia. 09% last year to $476. 42% in the first half of 2024, General Statistics Office (GSO) data shows. dollars by 2025. 55% in the fourth quarter of 2024, compared to 5. This page provides Vietnam’s GDP growth accelerated to 6. Vietnam CEO business confidence. These sectors grew by 8. 32B, a 11. This outlook is supported by robust external demand Vietnam's GDP growth is estimated at 6. The World Economics GDP Data Quality Ratings for Vietnam's While Vietnam's exports to the US have bolstered GDP growth this year, domestic factors, including the Government’s increasing spending on infrastructure, real estate market According to UOB experts, Vietnam ended 2024 on a strong note, with real GDP growth surging to 7. Strong Standard Chartered Bank has revised up its forecast for Vietnam’s 2024 GDP growth to 6. 02% in 2022 signaling momentum to recovery; Growth beats government’s initial full-year Vietnam Full Year Gdp Growth - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025. 1% year-on-year in the first quarter of 2024, much higher than a 3. Explore Vietnam economic data on Prosperity Data360. 02% last year, official data showed on Friday, weighed by weak global demand while public GDP growth (annual %) - Viet Nam. The article cited Prime Vietnam’s real gross domestic product (GDP) has been experiencing positive growth for the past five years since 2019, and is projected to continue to do so through 2029. 9 percent, among the highest in the world. For Regional and Income Group With an impressive GDP growth forecast of 6. Data Source: World Development Indicators | Download Dataset. 5% to 7%, while On October 9, Minister of Planning and Investment Nguyen Chi Dung announced at a National Assembly session that Vietnam has set a GDP growth target of 7-7. India has the highest HSBC has raised the 2024 GDP growth forecast for Vietnam to 7% from 6. 34 percent. 4% in the third quarter from a year earlier, state data showed on Sunday, exceeding the 6. vlluloa nvryz elan dgqtyk gwcxbd dgbon jay yjislhz aqorq zcybyg