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Economic Data

GDP (purchasing power parity):
$648.7 billion (2017 est.)
$607.4 billion (2016 est.)
$571.9 billion (2015 est.)

note: data are in 2017 dollars

country comparison to the world: 35
GDP (official exchange rate):
$220.4 billion (2017 est.)
GDP - real growth rate:
6.8% (2017 est.)
7.16% (2017 est.)
6.2% (2016 est.)
country comparison to the world: 22
GDP - per capita (PPP):
$6,900 (2017 est.)
$6,600 (2016 est.)
$6,200 (2015 est.)

note: data are in 2017 dollars

country comparison to the world: 159
Gross national saving:
29% of GDP (2017 est.)
29.5% of GDP (2016 est.)
27.5% of GDP (2015 est.)
country comparison to the world: 33
GDP - composition, by end use:
household consumption: 66.9% (2017 est.)
government consumption: 6.5% (2017 est.)
investment in fixed capital: 24.2% (2017 est.)
investment in inventories: 2.8% (2017 est.)
exports of goods and services: 100% (2017 est.)
imports of goods and services: -101% (2017 est.)
GDP - composition, by sector of origin:
agriculture: 15.3% (2017 est.)
industry: 33.3% (2017 est.)
services: 51.3% (2017 est.)
Agriculture - products:
rice, coffee, rubber, tea, pepper, soybeans, cashews, sugar cane, peanuts, bananas; pork; poultry; seafood
Industries:
food processing, garments, shoes, machine-building; mining, coal, steel; cement, chemical fertilizer, glass, tires, oil, mobile phones
Industrial production growth rate:
8% (2017 est.)
country comparison to the world: 24
Labor force:
54.659 million (2019 est.)
country comparison to the world: 10
Labor force - by occupation:
agriculture: 40.3%
industry: 25.7%
services: 34% (2017)
Unemployment rate:
3.11% (2018 est.)
2.2% (2017 est.)
country comparison to the world: 41
Population below poverty line:
8% (2017 est.)
Household income or consumption by percentage share:
lowest 10%: 2.7%
highest 10%: 26.8% (2014)
Budget:
revenues: 54.59 billion (2017 est.)
expenditures: 69.37 billion (2017 est.)
Taxes and other revenues:
24.8% (of GDP) (2017 est.)
country comparison to the world: 119
Budget surplus (+) or deficit (-):
-6.7% (of GDP) (2017 est.)
country comparison to the world: 191
Public debt:
58.5% of GDP (2017 est.)
59.9% of GDP (2016 est.)

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

country comparison to the world: 76
Fiscal year:
calendar year
Inflation rate (consumer prices):
3.5% (2017 est.)
2.7% (2016 est.)
country comparison to the world: 142
Current account balance:
$12.478 billion (2019 est.)
$5.769 billion (2018 est.)
country comparison to the world: 22
Exports:
$214.1 billion (2017 est.)
$176.6 billion (2016 est.)
country comparison to the world: 27
Exports - partners:
US 20.1%, China 14.5%, Japan 8%, South Korea 6.8% (2017)
Exports - commodities:
clothes, shoes, electronics, seafood, crude oil, rice, coffee, wooden products, machinery
Imports:
$202.6 billion (2017 est.)
$162.6 billion (2016 est.)
country comparison to the world: 26
Imports - commodities:
machinery and equipment, petroleum products, steel products, raw materials for the clothing and shoe industries, electronics, plastics, automobiles
Imports - partners:
China 25.8%, South Korea 20.5%, Japan 7.8%, Thailand 4.9% (2017)
Reserves of foreign exchange and gold:
$49.5 billion (31 December 2017 est.)
$36.91 billion (31 December 2016 est.)
country comparison to the world: 40
Debt - external:
$96.58 billion (31 December 2017 est.)
$84.34 billion (31 December 2016 est.)
country comparison to the world: 48
Exchange rates:
dong (VND) per US dollar -
22,425 (2017 est.)
22,159 (2016 est.)
22,355 (2015 est.)
21,909 (2014 est.)
21,189 (2013 est.)