Vietnam’s GDP growth is estimated at 7.09% in 2024, higher than the National Assembly’s target of 6-6.5%, the General Statistics Office (GSO) announced on January 6.

The GDP's size reached over VND11.51 quadrillion ($476.3 billion).

Meanwhile, the GDP per capita was estimated at $4,700, up $377 compared to 2023.

Labor productivity also improved significantly, reaching VND221.9 million ($9,182) per worker, up $726 from the previous year.

Regarding economic structure, the agriculture, forestry and fishery sector accounted for 11.86% of Vietnam’s economy, the industry-construction sector 37.64%, the service sector 42.36%, and others with 8.14%.

The nation's economic recovery gained momentum throughout the year, with each quarter showing progressive improvement in terms of growth rate. The fourth quarter saw a 7.55% expansion, maintaining an upward trajectory from 5.98%. 7.25%, and 7.43% in the first, second, and third quarters, respectively.

Vietnam has set a GDP growth target of 6.5-7% for this year.