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 (2016): China, United States, and South Korea
Top 3 Exported Goods (2016): Electrical Machinery, Footwear, and Apparel: Non Knit

Top Industries Source: CIA World Factbook

Food Processing; Garments; Shoes; Machine-Building

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $710,312,256,347 (2018)
GDP Growth Rate (annual %) 7.076% (2018)
GDP Per Capita, PPP (current international) $7,435 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 32/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 3.539% (2018)
External debt stocks, total (DOD, current US$) $108,096,279,762 (2018)
Total tax rate (% of commercial profits) 37.6% (2019)
Real Interest Rate (5 year average %) 4.008% (2018)
Manufacturing, value added (% of GDP) 16.017% (2018)
Current Account Balance (BoP, current US$) $5,898,553,000 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 57,249,411 (2019)
Employment in Agriculture (% of total employment) 39.446% (2019)
Employment in Industry (% of total employment) 25.835% (2019)
Employment in Services (% of total employment) 34.719% (2019)
Unemployment Rate 1.894% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $225,679,521,807 (2018)
Exports of goods and services (current US$) $233,650,693,469 (2018)
Total Merchandise Trade (% of GDP) 199.973% (2018)
FDI, net inflows (BoP, current US$) $15,500,000,000 (2018)
Commercial Service Exports (current US$) $14,800,000,000 (2018)
Click on a row to display its 5-year graph on the right.

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.

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

Sources

  1. The World Bank