Vietnam: Economy

Economic Trivia

Vietnam is considered one of the leading agricultural exporters of Southeast Asia.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): China, United States, and South Korea
Top 3 Exported Goods (2014): Electrical Machinery, Footwear, and Apparel: Non Knit

Top Industries Source: CIA World Factbook

Food Processing; Garments; Shoes; Machine-Building

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $552,297,374,128 (2015)
GDP Growth Rate (annual %) 6.679% (2015)
GDP Per Capita, PPP (current international) $6,023 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 33/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.631% (2015)
External debt stocks, total (DOD, current US$) $71,890,107,000 (2014)
Total tax rate (% of commercial profits) 39.4% (2015)
Real Interest Rate (5 year average %) 7.322% (2015)
Manufacturing, value added (% of GDP) 13.695% (2015)
Current Account Balance (BoP, current US$) $906,000,000 (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 54,206,654 (2014)
Employment in Agriculture (% of total employment) 46.8% (2013)
Employment in Industry (% of total employment) 21.2% (2013)
Employment in Services (% of total employment) 32% (2013)
Unemployment Rate 2.3% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $172,280,536,996 (2015)
Exports of goods and services (current US$) $173,812,067,918 (2015)
Total Merchandise Trade (% of GDP) 160.972% (2014)
FDI, net inflows (BoP, current US$) $11,800,000,000 (2015)
Commercial Service Exports (current US$) $10,970,000,000 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Vietnam’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary