WorldFactbook.ioFree API →

World Factbook

Vietnam

Cong Hoa Xa Hoi Chu Nghia Viet Nam

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated

revenues

$68.818 billion (2022 est.)

expenditures

$83.707 billion (2022 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$385.241 billion (2022 est.)

Exports 2023

$374.986 billion (2023 est.)

Exports 2024

$429.383 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$369.746 billion (2022 est.)

Imports 2023

$339.785 billion (2023 est.)

Imports 2024

$398.672 billion (2024 est.)

Industries

food processing, garments, shoes, machine-building; mining, coal, steel; cement, chemical fertilizer, glass, tires, oil, mobile phones

Labor force

57.133 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: official data; data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions

Public debt 2017

58.5% of GDP (2017 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

3.5% of GDP (2021 est.)

Remittances 2022

3.2% of GDP (2022 est.)

Remittances 2023

3.2% of GDP (2023 est.)

Exchange rates

Currency

dong (VND) per US dollar -

Exchange rates 2020

23,208.368 (2020 est.)

Exchange rates 2021

23,159.783 (2021 est.)

Exchange rates 2022

23,271.212 (2022 est.)

Exchange rates 2023

23,787.319 (2023 est.)

Exchange rates 2024

24,164.886 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$34.426 billion (2023 est.)

Economic overview

lower middle-income socialist East Asian economy; rapid economic growth since Đổi Mới reforms; strong investment and productivity growth; tourism and manufacturing hub; TPP signatory; declining poverty aside from ethnic minorities; systemic corruption

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

1.6% (2022 est.)

Unemployment rate 2023

1.7% (2023 est.)

Unemployment rate 2024

1.5% (2024 est.)

Exports - partners

USA 28%, China 20%, Japan 6%, Hong Kong 4%, Germany 3% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 49%, Singapore 6%, Japan 6%, Hong Kong 5%, Taiwan 4% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$13,000 (2022 est.)

Real GDP per capita 2023

$13,500 (2023 est.)

Real GDP per capita 2024

$14,400 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

8.5% (2022 est.)

Real GDP growth rate 2023

5.1% (2023 est.)

Real GDP growth rate 2024

7.1% (2024 est.)

Agricultural products

rice, vegetables, sugarcane, cassava, maize, pork, fruits, bananas, coconuts, coffee (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

broadcasting equipment, garments, integrated circuits, machine parts, footwear (2023)

note: top five export commodities based on value in dollars

Imports - commodities

integrated circuits, broadcasting equipment, fabric, plastics, telephones (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

$1.402 billion (2022 est.)

Current account balance 2023

$25.793 billion (2023 est.)

Current account balance 2024

$28.047 billion (2024 est.)

GDP (official exchange rate)

$476.388 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

54.3% (2023 est.)

government consumption

8.8% (2023 est.)

investment in inventories

1.5% (2023 est.)

investment in fixed capital

30.1% (2023 est.)

exports of goods and services

86.5% (2023 est.)

imports of goods and services

-78.4% (2023 est.)

Population below poverty line

4.3% (2022 est.)

note: % of population with income below national poverty line

Average household expenditures

on food

34.9% of household expenditures (2023 est.)

on alcohol and tobacco

1.9% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

3.2% (2022 est.)

Inflation rate (consumer prices) 2023

3.3% (2023 est.)

Inflation rate (consumer prices) 2024

3.6% (2024 est.)

Industrial production growth rate

8.2% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$1.294 trillion (2022 est.)

Real GDP (purchasing power parity) 2023

$1.359 trillion (2023 est.)

Real GDP (purchasing power parity) 2024

$1.456 trillion (2024 est.)

Youth unemployment rate (ages 15-24)

male

7% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

6.8% (2024 est.)

female

6.6% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$86.54 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$92.238 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$83.082 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

37.6% (2024 est.)

services

42.4% (2024 est.)

agriculture

11.9% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

2.6% (2022 est.)

highest 10%

28.1% (2022 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2022

36.1 (2022 est.)