Machinery and transport equipment in Vietnam
Vietnam: Machinery and transport equipment was 29.9% in 2023. ▲ Rising
Machinery and transport equipment in Vietnam, 1998–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
In 2023, machinery and transport equipment in Vietnam stood at 29.9%.
That represents a change of up 2.0% on the previous year and up 37.7% over ten years.
Over the whole period, machinery and transport equipment in Vietnam peaked at 32.9% in 2017 and was at its lowest, 10.7%, in 1998.
Vietnam ranks 22nd of 149 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Machinery and transport equipment in Vietnam, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1998 | 10.7% | — |
| 1999 | 10.7% | +0.0% |
| 2000 | 11.8% | +10.2% |
| 2001 | 11.8% | +0.0% |
| 2002 | 11.8% | +0.0% |
| 2003 | 11.8% | +0.0% |
| 2004 | 13.9% | +17.7% |
| 2005 | 13.9% | +0.0% |
| 2006 | 13.9% | +0.0% |
| 2007 | 14.4% | +3.4% |
| 2008 | 13.7% | -4.9% |
| 2009 | 14.7% | +7.8% |
| 2010 | 14.7% | -0.0% |
| 2011 | 12.6% | -14.3% |
| 2012 | 16.2% | +28.4% |
| 2013 | 21.7% | +33.9% |
| 2014 | 31.4% | +44.6% |
| 2015 | 29.0% | -7.7% |
| 2016 | 30.1% | +3.9% |
| 2017 | 32.9% | +9.3% |
| 2018 | 31.2% | -5.1% |
| 2019 | 30.3% | -3.0% |
| 2020 | 31.7% | +4.7% |
| 2021 | 30.3% | -4.5% |
| 2022 | 29.3% | -3.3% |
| 2023 | 29.9% | +2.0% |
Vietnam compared with similar countries
- Vietnam's 29.9% is above the median for upper middle income countries, which is 6.8%, 4.4× the median. (46 countries reporting)
- Vietnam's 29.9% is above the median for East Asia & Pacific, which is 22.0%, 1.4× the median. (18 countries reporting)
Biggest year-on-year movements
Years where Machinery and transport equipment 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 |
|---|---|---|---|
| 2014 | +44.6% | 21.7% | 31.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.7% | 10.7% | 10.7% | 2 |
| 2000s | 13.2% | 11.8% | 14.7% | 10 |
| 2010s | 25.0% | 12.6% | 32.9% | 10 |
| 2020s | 30.3% | 29.3% | 31.7% | 4 |
Countries ranked near Vietnam
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 machinery and transport equipment in Vietnam?
- Machinery and transport equipment in Vietnam was 29.9% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Vietnam?
- The highest recorded value was 32.9% in 2017.
- What is the lowest machinery and transport equipment recorded in Vietnam?
- The lowest recorded value was 10.7% in 1998.
- How does Vietnam rank for machinery and transport equipment?
- Vietnam ranks 22nd out of 149 countries with data for 2023.
- Is machinery and transport equipment rising or falling in Vietnam?
- Over the last ten years it is up 37.7%. The long-run trend across the full record is rising.
- Where does this Vietnam data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
Download this data
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).