Vietnam operates a socialist-oriented market economy and is a key part of
the global supply chain, especially in the electronics, textile, and
manufacturing sectors. The country prioritizes expanding its export markets
and attracting foreign direct investment through Free Trade Agreements.
Economic Data
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GDP: 433 billion USD (2023)
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Growth Rate: 5.05% (2023)
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Per Capita GDP: 4,300 USD (2023)
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Inflation Rate:4.32% (June 2024)
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Unemployment Rate: 2.27% (June 2024)
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Total Foreign Exchange Reserves: 100
billion USD (April 2024)
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Total Exports: 354.5 billion USD (2023)
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Total Imports: 328.5 billion USD (2023)
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Vietnam's main export items: Phones,
textile products, computers and electronic products,
machinery and equipment, shoes, wooden products.
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Vietnam's main import items: Computers
and electronic products, machinery and equipment, phones
and parts, yarns, iron-steel, plastic products.
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Vietnam's main export/import partners:
China, US, Japan, South Korea, Russia, India, EU, and
ASEAN countries.
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Source: Embassy of the Republic of Türkiye in Hanoi