Vietnam: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Vietnam is considered one of the leading agricultural exporters of Southeast Asia. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, United States, and South Korea |
| Top Industries Source: CIA World Factbook | Food Processing; Garments; Shoes; Machine-Building |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $1,321,256,477,062 (2022) |
| GDP Growth Rate (annual %) | 8.02% (2022) |
| GDP Per Capita, PPP (current international) | $13,457 (2022) |
GDP Country Rank 24/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 3.157% (2022) |
| External debt stocks, total (DOD, current US$) | $136,213,184,768 (2021) |
| Total tax rate (% of commercial profits) | 37.6% (2019) |
| Real Interest Rate (5 year average %) | 3.999% (2022) |
| Manufacturing, value added (% of GDP) | 24.759% (2022) |
| Current Account Balance (BoP, current US$) | ($3,812,000,000) (2021) |
Labor and Employment [1]
| Labor Force, Total | 55,951,059 (2022) |
| Employment in Agriculture (% of total employment) | 29.044% (2021) |
| Employment in Industry (% of total employment) | 33.135% (2021) |
| Employment in Services (% of total employment) | 37.821% (2021) |
| Unemployment Rate | 1.923% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $341,154,307,836 (2021) |
| Exports of goods and services (current US$) | $341,575,805,747 (2021) |
| Total Merchandise Trade (% of GDP) | 178.73% (2022) |
| FDI, net inflows (BoP, current US$) | $17,900,000,000 (2022) |
| Commercial Service Exports (current US$) | $3,673,000,000 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.