In the past 10 years, Vietnam's GDP grew by more than four times, from less than VND1 million of billion to nearly VND4.2 million of billion in 2015.

In 2006-2010, although the country’s economic scale in 2010 increased twice that in 2006, the growth rate was much lower than the previous period.

Since 2011, due to the impact of global economic downturn and the imbalances in the years of the internal economy, Vietnam’s economic growth was even lower than the period of 2006-2010.

Since 2008, Vietnam has officially become a country with average income, with per capita GDP of $1,145.

In 2013, per capita GDP of Vietnam rose to $1,908. However, Vietnam was still in the group of countries with low average income, equivalent to per capita GDP of Malaysia in 1987, of Thailand in 1992, of Indonesia in 2007, of the Philippines in 2008 and of South Korea in the early 80s. Source: General Statistics Office

FDI into Vietnam in 2015, including registered and disbursed capital, increased by about four times compared to 2006. The registered capital of over $70 billion in 2008 is the highest level in the past 10 years thanks to Vietnam’s accession to the World Trade Organization (WTO).

 However, FDI disbursement in 2008 was at a modest level. The FDI inflows to Vietnam were very stable  and the contribution of the FDI sector to Vietnam's economy currently accounts for a large proportion. Source: General Statistics Office, General Department of Customs.

Vietnam’s import and export activities in 10 years (2006 to 2015) continuously grew. If in 2006 Vietnam’s total import and export turnover reached $70 billion, then it was approximately $330 billion in 2015. Along with attracting more FDI, the foreign-invested sector accounts for over 65% of Vietnam’s export turnover. Source: General Statistics Office, General Department of Customs.

In 2015, for the first time the state budget spending exceeded VND1.2 million of billion. In the past 10 years, the budget revenue increased by about 3.5 times, while spending was up about four times. Meanwhile, inflation in recent years has fallen sharply, to only 0.63% in 2015.

In the period of 2006-2011, inflation in 2008 and 2011 showed peak difficulties for the economy during the global financial crisis. Besides, inappropriate administration was also the reason causing high inflation. To stabilize inflation, Vietnam had to give priority to stabilizing macroeconomy for many years, which made economic growth low for consecutive years. Source: GSO.

In the past 10 years, labor productivity grew strongly, from over VND22 million/person to nearly VND80 million/person. Along with economic development, social labor productivity in Vietnam has also improved but still low compared to other countries in the region. However, in terms of growth of social labor productivity, Vietnam has labor productivity growth rate much higher than Indonesia, South Korea and Thailand. Source: GSO.

According to data from the General Statistics Office, the unemployment rate in Vietnam during the last 10 years tended to decrease and was always below 5.4%. This is low compared to many economies around the world. The labor force aged 15 and over has  exceeded 50 million people since 2010. This is a good condition for teconomic development with abundant labor force.

The rate of poor households in Vietnam continued to decline in recent years, and by 2015 the poverty rate dropped to below 5% from over 14% in 2006. Source: GSO.

The number of newly-established enterprises in 2011-2015. Source: Business Registration Management Agency - Ministry of Planning and Investment.

In 2006-2010, the credit growth rate was high in general, reaching up to nearly 54% in 2007. However, in 2011-2013, it was at low level because of the global financial crisis and Vietnam's policy that gave priority to macro-economic stability. Credit growth increased again in 2014-2015, with 18% in 2015.

Source: Stabe Bank of Vietnam.