Binding coverage, primary products in Vietnam
Vietnam: Binding coverage, primary products was 80.2% in 2022. ▼ Falling
Binding coverage, primary products in Vietnam, 2007–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, binding coverage, primary products in Vietnam stood at 80.2%.
Compared with earlier readings it is up 0.4% over ten years.
Over the whole period, binding coverage, primary products in Vietnam peaked at 92.6% in 2007 and was at its lowest, 79.9%, in 2012.
That places Vietnam 46th out of 158 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Binding coverage, primary products in Vietnam, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 92.6% | — |
| 2008 | 91.8% | -0.9% |
| 2009 | 91.8% | +0.0% |
| 2010 | 91.8% | +0.0% |
| 2012 | 79.9% | -13.0% |
| 2013 | 79.9% | +0.0% |
| 2014 | 79.9% | +0.0% |
| 2015 | 79.9% | +0.0% |
| 2016 | 79.9% | +0.0% |
| 2017 | 79.9% | +0.0% |
| 2018 | 80.3% | +0.5% |
| 2019 | 80.2% | -0.1% |
| 2020 | 80.2% | +0.0% |
| 2021 | 80.2% | +0.0% |
| 2022 | 80.2% | +0.0% |
Vietnam compared with similar countries
- Vietnam's 80.2% is above the median for upper middle income countries, which is 58.4%, 1.4× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92.1% | 91.8% | 92.6% | 3 |
| 2010s | 81.3% | 79.9% | 91.8% | 9 |
| 2020s | 80.2% | 80.2% | 80.2% | 3 |
Countries ranked near Vietnam
More private sector data for Vietnam
- Merchandise trade 180.0% (2025)
- Food imports 8.8% (2023)
- Manufactures imports 74.7% (2023)
- Merchandise imports 453.78 billion current US$ (2025)
- Food exports 9.4% (2023)
- Manufactures exports 85.0% (2023)
- Merchandise exports 472.93 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,655 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.9188 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 16.82 % change on previous year (2025)
Frequently asked questions
- What is binding coverage, primary products in Vietnam?
- Binding coverage, primary products in Vietnam was 80.2% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, primary products recorded in Vietnam?
- The highest recorded value was 92.6% in 2007.
- What is the lowest binding coverage, primary products recorded in Vietnam?
- The lowest recorded value was 79.9% in 2012.
- How does Vietnam rank for binding coverage, primary products?
- Vietnam ranks 46th out of 158 countries with data for 2022.
- Is binding coverage, primary products rising or falling in Vietnam?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is falling.
- Where does this Vietnam data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, primary products (%). Statizoid updates them automatically from the source API.
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About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).