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Manufacturing Sector Contribution to GDP in Vietnam (1990-2022)

Manufacturing Sector Contribution to GDP in Vietnam (1990-2022)

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Vietnam (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: Vietnam
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Vietnam’s manufacturing sector rose steadily from 18.8% in 2005 to 24.8% in 2022. Driven by foreign investment and export-oriented growth, Vietnam has become a key manufacturing hub in Asia, especially for electronics and textiles. The sector’s robust growth reflects Vietnam’s strategic position in global supply chains, supported by favorable policies and low labor costs.

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