Vietnam GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

6.93

Units In

7.55

Frequency

Quarterly

Next Release

Jul 06, 2025

Time to Release

2 Months 24 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
13.71 Sep 2022	-6.02 Sep 2021	6.24 %	2000-2025	General Statistics Office of Vietnam

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.

Latest Updates

Vietnam’s GDP advanced by 6.93% year-on-year in Q1 of 2025, slowing from a 7.55% expansion in Q4 of 2024, while marking the softest pace of growth since Q1 of 2024, according to flash data. However, the latest figure was the highest growth for Q1 since 2020. By sector, growth softened in both services (7.70% vs. 8.21% in Q4) and industry and construction (7.42% vs. 8.35%), while agricultural output accelerated (3.74% vs. 2.99%). On the expenditure side, final consumption, which accounts for about 60% of overall growth, climbed solidly by 7.45%, boosted by high demand during the Lunar New Year. On the trade front, exports increased by 9.71%, but imports rose at a faster rate of 12.45%. Vietnam’s Prime Minister Pham Minh Chinh said that Trump's tariffs did not change the government's target of at least 8% this year. However, if Trump's tariff causes a 10% drop in exports to the U.S., that could cut GDP growth by 0.84 percentage points, the statistics office estimated.