Vietnam GDP Annual Growth Rate

Last Release

Jun 30, 2025

Actual

7.96

Units In

6.93

Frequency

Quarterly

Next Release

Oct 06, 2025

Time to Release

2 Months 19 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
13.71 Sep 2022	-6.02 Sep 2021	6.26 %	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 government is targeting GDP growth of 8.3% to 8.5% this year despite mounting challenges, Prime Minister Pham Minh Chinh said on Wednesday. Speaking at a meeting in Hanoi, Chinh cited a range of headwinds including geopolitical conflicts, rising global competition, trade tensions, supply chain disruptions, and climate change. The goal compares with the country’s 7.09% growth last year and is intended to “create a firm foundation for double-digit growth in the 2026–2030 period,” Chinh added, according to a government statement. Vietnamese lawmakers had earlier approved a GDP growth target of at least 8% for 2025. Vietnam’s economy grew 7.96% in the second quarter of 2025, the fastest pace since Q3 2022, accelerating from 6.93% in Q1. Earlier this month, the United States and Vietnam reached a trade agreement under which the US will impose a 20% tariff on Vietnamese imports, down from the previously planned 46%.