Vietnam’s gross domestic product (GDP) grew by an estimated 7.96 percent year-on-year in the second quarter of 2025, marking the second-highest Q2 growth since 2020.

Growth was driven by robust performance across all major sectors, according to the National Statistics Office (NSO)–view source.

Key details:

Agriculture, forestry and fishery: Grew by 3.89 percent in Q2, contributing 5.19 percent to overall value added. In the first half, this sector expanded 3.84 percent, the highest rate since 2011, driven by stable agricultural output, strong forestry growth, and steady fisheries.
Industry and construction: Rose 8.97 percent in Q2 and 8.33 percent in H1. Processing and manufacturing led the sector, growing 10.11 percent and contributing 2.55 percentage points to the economy. Construction saw a notable 9.62 percent rise, the highest first-half increase since 2011. Mining remained a drag, falling 4.25 percent.
Services: Expanded 8.46 percent in Q2 and 8.14 percent in H1, the fastest H1 growth since 2011. Retail, transport, banking, and hospitality all posted strong gains. Administrative and public services also grew sharply to support state restructuring.

The economic structure in H1 2025 comprised 11.28 percent agriculture, 36.96 percent industry and construction, 43.40 percent services, and 8.36 percent taxes net of subsidies.

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