Country profile
Vietnam
A fast-growing assembly base for electronics, footwear and clothing, and a leading China+1 destination.
Updated 11 November 2026. Sources at the bottom of the page.
- Capital
- Hanoi
- Population
- 103.1 million (2026)
- Currency
- Vietnamese dong (VND)
- GDP, 2026
- US$542 billion
- Exchange rate
- 1 USD = 25,323 VND (10 Nov 2026)
Economy
IMF World Economic Outlook, October 2026. 2026 and 2027 are IMF projections.
8.4%Real GDP growth, 2026
7.5%Real GDP growth, 2027
4.7%Inflation, 2026
2.1%Unemployment, 2026
28.3% of GDPGovernment debt, 2026
0.3% of GDPCurrent account, 2026
Compare Vietnam with other countries →
Trade
Top export markets
Share of the country’s exports, 2025
- United States (31.3%)
- China (15.2%)
- Hong Kong (6.5%)
- South Korea (4.9%)
- Japan (4.7%)
Main exports
Product groups, share of exports
- Electrical machinery and equipment, including phones (38.8%)
- Machinery, including computers (20.3%)
- Footwear (5.8%)
- Knitted clothing (3.4%)
- Woven clothing (3.2%)
Main trade agreements
- ASEAN Free Trade Area
- Regional Comprehensive Economic Partnership (RCEP)
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
- EU–Vietnam Free Trade Agreement (EVFTA)
- UK–Vietnam and Korea–Vietnam free trade agreements
Trade policy to watch
- Rules of origin: the US and others are checking for Chinese goods transshipped through Vietnam; origin documents need to be solid.
- Inputs from China: much of Vietnam’s manufacturing uses components and materials imported from China.
- Investment: large electronics investments (phones, laptops, chips assembly) continue to arrive.
Energy
Coal and hydropower produce most of Vietnam's electricity, and solar and wind have grown quickly. Power shortages hit northern factories in 2023.
What it means for your supply chain
- Vietnam is a key alternative to China for electronics assembly, furniture, footwear and apparel.
- Ask Vietnamese suppliers where their inputs come from; many depend on Chinese components.
- Check power reliability and backup at supplier plants, especially in the north.
Vietnam in the Supplier Hub
2 companies in the Supplier Hub are listed under Vietnam.
Sources
- IMF, World Economic Outlook, October 2026: GDP, growth, inflation, unemployment, government debt, current account (2026 and 2027 are projections; updated automatically).
- IMF, World Economic Outlook database: population (2026 estimate).
- World’s Top Exports: export markets and main exports.
- Bank of Canada, daily exchange rates (cross rates calculated from CAD rates; updated daily).
- Energy Institute, Statistical Review of World Energy 2026: energy profile.
Figures are the latest published at the time of the update and may since have been revised. This page is for general information, not investment or legal advice.