Vietnam GDP

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Vietnam: Economy accelerates in 2014

January 1, 2015

In 2014, the economy expanded 6.0% over the same period of the previous year, according to data released by the General Statistics Office (GSO) of Vietnam. The figure marked an improvement over the 5.4% rise recorded in 2013.

At the sector level, last year, agriculture expanded 3.5% over the same period of the previous year (2013: +2.7% year-on-year). In addition, industry rose 7.1% in 2014, which was an improvement over the 5.4% increase recorded in 2013. Conversely, services expanded 6.0% (2013: +6.6% yoy).

The figure for Q4 showed that GDP expanded 7.0% over the same period of the previous year, up from the 6.1% increase seen in the previous quarter. The figure marked the strongest expansion since Q4 2010.

FocusEconomics Consensus Forecast participants see the economy growing 5.6% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, panelists project the economy will expand 5.9%.


Author:, Senior Economist

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Vietnam GDP Q4 2014 0

Note: Year-on-year changes of GDP in %
Source: General Statistics Office of Vietnam (GSO) and FocusEconomics Consensus Forecast.


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