Gross Fixed Capital Formation — Value Standard Local Currency in Vietnam
Vietnam: Gross Fixed Capital Formation — Value Standard Local Currency was 3.36 billion million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Vietnam, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency in Vietnam is 3.36 billion million SLC, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 8.0% on the previous year and up 139.3% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Vietnam peaked at 3.36 billion million SLC in 2024 and was at its lowest, 346.19 million SLC, in 1970.
That places Vietnam 3rd out of 230 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Vietnam, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 346.19 million SLC | — |
| 1971 | 377.24 million SLC | +9.0% |
| 1972 | 403.8 million SLC | +7.0% |
| 1973 | 417.94 million SLC | +3.5% |
| 1974 | 449.68 million SLC | +7.6% |
| 1975 | 486.09 million SLC | +8.1% |
| 1976 | 566.45 million SLC | +16.5% |
| 1977 | 675.27 million SLC | +19.2% |
| 1978 | 814.95 million SLC | +20.7% |
| 1979 | 890.64 million SLC | +9.3% |
| 1980 | 985.28 million SLC | +10.6% |
| 1981 | 1,384 million SLC | +40.5% |
| 1982 | 2,990 million SLC | +116.0% |
| 1983 | 4,789 million SLC | +60.2% |
| 1984 | 8,589 million SLC | +79.3% |
| 1985 | 17,235 million SLC | +100.7% |
| 1986 | 105,306 million SLC | +511.0% |
| 1987 | 455,399 million SLC | +332.5% |
| 1988 | 1.86 million million SLC | +309.3% |
| 1989 | 3.58 million million SLC | +92.1% |
| 1990 | 5.50 million million SLC | +53.5% |
| 1991 | 10.50 million million SLC | +91.1% |
| 1992 | 18.41 million million SLC | +75.3% |
| 1993 | 30.64 million million SLC | +66.4% |
| 1994 | 43.33 million million SLC | +41.4% |
| 1995 | 58.19 million million SLC | +34.3% |
| 1996 | 71.60 million million SLC | +23.0% |
| 1997 | 83.73 million million SLC | +17.0% |
| 1998 | 97.55 million million SLC | +16.5% |
| 1999 | 102.80 million million SLC | +5.4% |
| 2000 | 122.10 million million SLC | +18.8% |
| 2001 | 140.30 million million SLC | +14.9% |
| 2002 | 166.83 million million SLC | +18.9% |
| 2003 | 204.61 million million SLC | +22.6% |
| 2004 | 237.87 million million SLC | +16.3% |
| 2005 | 285.84 million million SLC | +20.2% |
| 2006 | 347.51 million million SLC | +21.6% |
| 2007 | 496.49 million million SLC | +42.9% |
| 2008 | 622.58 million million SLC | +25.4% |
| 2009 | 777.61 million million SLC | +24.9% |
| 2010 | 963.32 million million SLC | +23.9% |
| 2011 | 1.08 billion million SLC | +12.3% |
| 2012 | 1.17 billion million SLC | +7.9% |
| 2013 | 1.27 billion million SLC | +8.5% |
| 2014 | 1.40 billion million SLC | +10.8% |
| 2015 | 1.57 billion million SLC | +11.7% |
| 2016 | 1.69 billion million SLC | +7.6% |
| 2017 | 1.92 billion million SLC | +14.0% |
| 2018 | 2.13 billion million SLC | +10.6% |
| 2019 | 2.34 billion million SLC | +10.0% |
| 2020 | 2.44 billion million SLC | +4.1% |
| 2021 | 2.63 billion million SLC | +8.1% |
| 2022 | 2.94 billion million SLC | +11.6% |
| 2023 | 3.11 billion million SLC | +5.7% |
| 2024 | 3.36 billion million SLC | +8.0% |
Vietnam compared with similar countries
- Vietnam's 3.36 billion million SLC is above the median for upper middle income countries, which is 199,742 million SLC, 16803.5× the median. (54 countries reporting)
- Vietnam's 3.36 billion million SLC is above the median for East Asia & Pacific, which is 123,364 million SLC, 27207.2× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency in Vietnam changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | +511.0% | 17,235 million SLC | 105,306 million SLC |
| 1987 | +332.5% | 105,306 million SLC | 455,399 million SLC |
| 1988 | +309.3% | 455,399 million SLC | 1.86 million million SLC |
| 1982 | +116.0% | 1,384 million SLC | 2,990 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 542.82 million SLC | 346.19 million SLC | 890.64 million SLC | 10 |
| 1980s | 604,068 million SLC | 985.28 million SLC | 3.58 million million SLC | 10 |
| 1990s | 52.22 million million SLC | 5.50 million million SLC | 102.80 million million SLC | 10 |
| 2000s | 340.17 million million SLC | 122.10 million million SLC | 777.61 million million SLC | 10 |
| 2010s | 1.55 billion million SLC | 963.32 million million SLC | 2.34 billion million SLC | 10 |
| 2020s | 2.89 billion million SLC | 2.44 billion million SLC | 3.36 billion million SLC | 5 |
Countries ranked near Vietnam
- 1 Iran (Islamic Republic of) 52.90 billion million SLC compare
- 2 Indonesia 6.49 billion million SLC compare
- 3 Viet Nam 3.36 billion million SLC compare
- 5 Republic of Korea 817.42 million million SLC compare
- 6 Uzbekistan 512.19 million million SLC compare
More economy & growth data for Vietnam
- Foreign direct investment, net outflows (BoP, current US$), gaps 600.00 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0013 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5.94 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 20.17 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.03 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0423 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 199.73 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 3.01 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1663 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 842.34 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Vietnam?
- Gross fixed capital formation — value standard local currency in Vietnam was 3.36 billion million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Vietnam?
- The highest recorded value was 3.36 billion million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Vietnam?
- The lowest recorded value was 346.19 million SLC in 1970.
- How does Vietnam rank for gross fixed capital formation — value standard local currency?
- Vietnam ranks 3rd out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Vietnam?
- Over the last ten years it is up 139.3%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).