GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office.

S&P Global Ratings expects Vietnam's GDP per capita to reach $4,500 this year.

The International Monetary Fund pegs it at $4,620.

The government also targets a GDP growth of 7% annually by 2030 and to make Vietnam one of three leading countries in Southeast Asia in industrial competitiveness.

It wants industry to account for 40% of GDP.

To achieve this goal the country needs major corporations that can compete globally.

The government eyes to build and develop industrial clusters to master the manufacturing chain.

It also wants services to account for more than 50% of GDP, in which tourism alone should contribute 14-15% of GDP.

GDP expands by 5.66% in Q1

Vietnam's GDP grew by 5.66% in the first quarter, the highest rate for the period since 2020, according to the General Statistics Office.

Standard Chartered forecasts Vietnam's 2024 GDP growth at 6.7%

Standard Chartered Bank expects Vietnam to have a robust GDP growth of 6.7% in 2024 (6.2% and 6.9% in the first half and second half of the year, respectively).

2023 GDP growth estimated at 5.05%

Vietnam’s gross domestic product (GDP) in 2023 is estimated to have increased 5.05% compared to 2022, surpassing only the growth rates posted in 2020 and 2021 during the 2011-2023 period.

GDP expands 5% in 2023: Deputy PM

Vietnam's GDP is anticipated to increase by approximately 5% in 2023, below the initial target yet significant in both regional and global contexts, Deputy Prime Minister Le Minh Khai stated.

GDP growth pegged at 5% this year: PM

Vietnam’s GDP will only expand by about 5% this year, missing its targets, as unprecedented domestic and global challenges hamper growth.

Source: VnExpress