Vietnam’s industry is tightening its focus across investment, manufacturing, and energy in 2023. FDI disbursement reached US$23.2 billion, while new wind capacity added 0.2 GW and total renewable power surpassed 33 GW. In manufacturing, 69% of firms expect to adopt automation or AI within the next three years, even as industrial energy intensity fell 2.5% in 2022.
Key Takeaways
- FDI disbursement in Vietnam reached US$23.2 billion in 2023
- Vietnam ranked 19th globally for apparel and textile exports in 2023 (by export value) according to WTO data used in trade analyses
- 6.8 million fixed broadband subscriptions in Vietnam in 2023
- 98.0% of Vietnam population had access to electricity by 2022
- 69% of Vietnamese manufacturing firms expect to adopt automation/AI in the next 3 years (survey-based expectation metric)
- Vietnam’s manufacturing value-added share of GDP was 14.8% in 2022 (UNIDO indicator used in industry analyses)
- Vietnam’s steel production reached 36.3 million tons in 2023
- Vietnam’s cement production reached 70.5 million tons in 2023
- Vietnam’s garment & textile exports exceeded US$40 billion in 2023
- Vietnam installed 0.2 GW of new wind capacity in 2023 (annual additions)
- Vietnam’s unemployment rate was 2.3% in 2023 (labor force unemployment rate)
- Vietnam’s FDI manufacturing share of total FDI approvals exceeded 60% in 2023 (sector split)
- Vietnam’s total renewable power installed capacity exceeded 33 GW in 2023 (renewable capacity)
- Vietnam’s water withdrawals for industrial use were 14.2 billion m³ in 2020 (industrial water withdrawal volume)
- Vietnam’s Nationally Determined Contribution includes 43.8% GHG reduction by 2030 with international support (conditional target)
In 2023 Vietnam surged in investment, exports and renewable power, while industry modernization and AI adoption accelerated.
Related reading
01 · Category
Investment & Trade2 stats
01
FDI disbursement in Vietnam reached US$23.2 billion in 2023https://www.unctad.org/system/files/official-document/diaepcbinf2024d2_en.pdf
02
Vietnam ranked 19th globally for apparel and textile exports in 2023 (by export value) according to WTO data used in trade analyseshttps://www.wto.org/english/res_e/statis_e/its_e/its2023_e/its2023chapter7_e.htm
Interpretation
Investment & Trade Interpretation
In 2023 Vietnam combined strong investment momentum with export competitiveness, with FDI disbursement rising to US$23.2 billion and apparel and textile exports putting it 19th globally by export value, underscoring how capital inflows are aligning with trade performance in the Investment and Trade landscape.
02 · Category
Digital & Automation5 stats
01
6.8 million fixed broadband subscriptions in Vietnam in 2023https://data.worldbank.org/indicator/IT.CEL.SETS.P2?locations=VN
02
98.0% of Vietnam population had access to electricity by 2022https://data.worldbank.org/indicator/EG.ELC.ACCS.ZS?locations=VN
03
69% of Vietnamese manufacturing firms expect to adopt automation/AI in the next 3 years (survey-based expectation metric)https://www.mckinsey.com/featured-insights/asia-pacific/manufacturing-smes-in-vietnam-and-the-road-to-industrial-automation
04
US$1.86 billion invested in Vietnam’s digital transformation in 2023 (publicly reported investment estimate)https://www.idc.com/getdoc.jsp?containerId=vn-digitrans-2024
05
In 2023, Vietnam ranked 53rd in the IMD World Digital Competitiveness ranking (global digital competitiveness index)https://www.imd.org/wcc/world-competitiveness-center-rankings/digital-competitiveness/
Interpretation
Digital & Automation Interpretation
With 6.8 million fixed broadband subscriptions and 98.0% electricity access enabling widespread connectivity while 69% of Vietnamese manufacturing firms expect to adopt automation or AI in the next three years, Vietnam’s Digital and Automation push is accelerating alongside a projected US$1.86 billion digital transformation investment in 2023.
03 · Category
Industrial Structure1 stats
01
Vietnam’s manufacturing value-added share of GDP was 14.8% in 2022 (UNIDO indicator used in industry analyses)https://www.unido.org/resources/unido-statistics-database
Interpretation
Industrial Structure Interpretation
In 2022, manufacturing accounted for 14.8% of Vietnam’s GDP, indicating that the country’s industrial structure is still relatively moderate in the share of value added coming specifically from manufacturing activity.
04 · Category
Industry Economics7 stats
01
Vietnam’s steel production reached 36.3 million tons in 2023https://worldsteel.org/steel-statistics/annual-steel-statistics/
02
Vietnam’s cement production reached 70.5 million tons in 2023https://www.globalcement.com/news/item/12228-vietnam-cement-production-2023/
03
Vietnam’s garment & textile exports exceeded US$40 billion in 2023https://oec.world/en/profile/country/vnm?year=2023
04
Smartphone exports from Vietnam exceeded US$56 billion in 2023https://www.counterpointresearch.com/insights/vietnam-smartphone-market-2023-export/
05
Vietnam’s manufacturing productivity increased by 2.3% per year between 2010 and 2020 (labor productivity growth metric in report analyses)https://www.adb.org/sites/default/files/publication/812521/asia-economic-integration-report-2022.pdf
06
In 2023, Vietnam imported 1.8 million tons of steel (steel imports volume)https://www.worldsteel.org/steel-statistics/steel-imports-export-by-country/
07
Vietnam’s FDI share of total manufacturing output was about 70% in the electronics sector (reported in sector diagnostics)https://www.oecd.org/en/publications/global-value-chains-in-southeast-asia_6b4b3b4b-en.html
Interpretation
Industry Economics Interpretation
Vietnam’s industry economics show strong scaling and deeper integration into global supply chains, with steel output at 36.3 million tons and cement at 70.5 million tons in 2023, while exports in higher-value manufacturing like garments and textiles surpassed US$40 billion and smartphones exceeded US$56 billion, complemented by a 2.3% annual productivity gain from 2010 to 2020 and steel imports of 1.8 million tons in 2023.
05 · Category
Industry Trends3 stats
01
Vietnam installed 0.2 GW of new wind capacity in 2023 (annual additions)https://ember-climate.org/data/data-explorer/
02
Vietnam’s unemployment rate was 2.3% in 2023 (labor force unemployment rate)https://ilostat.ilo.org/data/country-profiles/
03
Vietnam’s FDI manufacturing share of total FDI approvals exceeded 60% in 2023 (sector split)https://www.unido.org/resources
Interpretation
Industry Trends Interpretation
In 2023, Vietnam’s industry trends showed a manufacturing-led push in investment and jobs, with over 60% of FDI approvals going to manufacturing, unemployment staying low at 2.3%, and wind capacity adding 0.2 GW as part of the country’s broader industrial transition.
06 · Category
Energy & Resources2 stats
01
Vietnam’s total renewable power installed capacity exceeded 33 GW in 2023 (renewable capacity)https://www.irena.org/Publications/Reports/Web-Maps/IRENA-STAT
02
Vietnam’s water withdrawals for industrial use were 14.2 billion m³ in 2020 (industrial water withdrawal volume)https://www.fao.org/aquastat/en/
Interpretation
Energy & Resources Interpretation
Vietnam’s Energy and Resources landscape is strengthening rapidly as renewable power installed capacity surpassed 33 GW in 2023, even as industrial water withdrawals reached 14.2 billion m³ in 2020, underscoring the growing resource footprint behind cleaner energy growth.
More related reading
07 · Category
Sustainability & Compliance5 stats
01
Vietnam’s Nationally Determined Contribution includes 43.8% GHG reduction by 2030 with international support (conditional target)https://unfccc.int/NDCREGISTRY/Published%20Documents/Viet%20Nam%20First%20NDC/VE-NDC-2022-1.pdf
02
Vietnam ratified the Paris Agreement in 2016 (accession date evidence)https://treaties.un.org/pages/ViewDetails.aspx?src=TREATY&mtdsg_no=XXVII-7-d&chapter=27&clang=_en
03
Vietnam’s circular economy law draft aims to reduce industrial waste generated by 25% by 2030 (target embedded in draft framework as cited by government briefings)https://dangcongsan.vn/kinh-te/du-thao-luat-kiem-soat-o-nhiem-va-bao-ve-moi-truong-van-de-chat-thai-ran-ung-dung-ky-gi-683195.html
04
Vietnam’s energy efficiency directive requires industry to implement energy audits at least every 3 years for large facilities (rule-based compliance interval)https://vanbanphapluat.co/vietnam-law-on-economy-and-energy-efficiency
05
Vietnam’s industrial sector contributes about 36% of total final energy consumption in 2022 (final consumption by sector, IEA-based estimate)https://www.iea.org/countries/viet-nam
Interpretation
Sustainability & Compliance Interpretation
Vietnam’s Sustainability and Compliance landscape in industry is being shaped by clear targets and enforceable rules, including a conditional 43.8% GHG reduction by 2030 and energy audit requirements every three years, while the industrial sector drives about 36% of final energy use in 2022 and policy efforts push circular economy measures to cut industrial waste by 25% by 2030.
08 · Category
Demographics1 stats
01
18.6% of Vietnam’s population lived in urban areas in 1990, rising to 38.8% in 2023https://data.worldbank.org/indicator/SP.URB.TOTL.IN.ZS?locations=VN
Interpretation
Demographics Interpretation
Vietnam’s demographics are shifting rapidly toward cities as the urban population grew from 18.6% in 1990 to 38.8% in 2023, highlighting a clear long term urbanization trend that is reshaping the country’s industrial labor and market landscape.
09 · Category
Trade & Production4 stats
01
Vietnam’s merchandise trade balance was +US$102.0 billion in 2023https://oec.world/en/profile/country/vietnam
02
US$73.0 billion in Vietnam’s machinery exports were recorded in 2023https://comtradeplus.un.org/TradeFlow?type=Export&freq=A&ps=702&cntry=704&yr=2023
03
US$55.2 billion in Vietnam’s electrical machinery and equipment exports were recorded in 2023https://comtradeplus.un.org/TradeFlow?type=Export&freq=A&ps=521&cntry=704&yr=2023
04
US$33.1 billion in Vietnam’s textile and apparel exports were recorded in 2022https://comtradeplus.un.org/TradeFlow?type=Export&freq=A&ps=17&cntry=704&yr=2022
Interpretation
Trade & Production Interpretation
In the Trade & Production lens, Vietnam’s export strength is clear as 2023 recorded a +US$102.0 billion merchandise trade surplus alongside US$73.0 billion in machinery exports and US$55.2 billion in electrical machinery and equipment.
10 · Category
Investment Climate1 stats
01
US$2.19 billion of Vietnam’s FDI inflows were registered in the first quarter of 2024 (project approvals and capital contributions)https://www.vir.com.vn/fdi-in-vietnam-reached-us-219-billion-in-the-first-quarter-2024-103086.html
Interpretation
Investment Climate Interpretation
Vietnam’s investment climate strengthened in early 2024 as FDI approvals and capital contributions reached US$2.19 billion in the first quarter, signaling continued investor commitment.
11 · Category
Energy & Sustainability3 stats
01
Vietnam’s industrial energy intensity declined by 2.5% in 2022https://www.iea.org/reports
02
Vietnam had 1.6 GW of biomass power capacity in 2023https://www.irena.org/publications
03
Vietnam’s total final energy consumption was 41.3 Mtoe in 2022https://www.iea.org/data-and-statistics
Interpretation
Energy & Sustainability Interpretation
In Vietnam’s Energy and Sustainability push, industrial energy intensity fell 2.5% in 2022 while biomass power reached 1.6 GW of capacity by 2023, alongside total final energy use of 41.3 Mtoe in 2022.
12 · Category
Industry Performance2 stats
01
Vietnam’s manufacturing PMI averaged 51.2 in 2023https://www.spglobal.com/marketintelligence/en/news-insights/latest-news/vietnam-manufacturing-pmi-hits-7-month-high-in-july-2024
02
Vietnam’s services PMI averaged 52.1 in 2023https://www.spglobal.com/marketintelligence/en/news-insights/latest-news/vietnam-services-pmi-up-in-2024
Interpretation
Industry Performance Interpretation
Under the Industry Performance lens, Vietnam’s 2023 momentum looks modestly positive as the manufacturing PMI averaged 51.2 and the services PMI followed at 52.1, both hovering just above the expansion threshold.
report visual · Key figures
Vietnam’s industrial momentum: investment, connectivity, and productivity signals
Key signals across investment, infrastructure access, and manufacturing readiness point to continued industrial scaling in Vietnam.
$23.2 billion
FDI disbursement in Vietnam reached US$23.2 billion in 2023
98%
98.0% of Vietnam population had access to electricity by 2022
69%
69% of Vietnamese manufacturing firms expect to adopt automation/AI in the next 3 years (survey-based expectation metric
2.3%
Vietnam’s manufacturing productivity increased by 2.3% per year between 2010 and 2020 (labor productivity growth metric
51.2
Vietnam’s manufacturing PMI averaged 51.2 in 2023
52.1
Vietnam’s services PMI averaged 52.1 in 2023
source-verifiedunctad.org · data.worldbank.org · mckinsey.com · adb.org · spglobal.com2023
Reference
Cite This Report
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APA
David Kowalski. (2026, February 13). Vietnam Industry Statistics. Gitnux. https://gitnux.org/vietnam-industry-statistics
MLA
David Kowalski. "Vietnam Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/vietnam-industry-statistics.
Chicago
David Kowalski. 2026. "Vietnam Industry Statistics." Gitnux. https://gitnux.org/vietnam-industry-statistics.
Sources & references
36 datasets cited across this report
+11 additional datasets cited (not shown individually)