The average gross domestic product (GDP) growth in 2010-2022 is 6.1%. However, this period should be divided into the pre- and post-Covid-19 periods. The average GDP growth in 2010-2019 was 6.6% and 2019-2022 4.4%. It should be noted that the GDP growth in 2022 versus 2021 is as high as 8.02% because the growth in 2020 and 2021 is very low, at 2.9% and 2.6% respectively. In the two years of 2020 and 2021, the agro-forestry and fishery sector still maintained the added value growth of 3% and 3.1% respectively, equivalent to or higher than the average added value growth of 3% in 2010-2019. The added value growth of the processing and manufacturing sector in 2020 and 2021 fell drastically, at 5% and 6% respectively, while the average growth of this sector in 2010-2019 is 9.7%. Most services experienced lower added value growth in 2020 and 2021, such as transport and warehousing (down 3.1%), catering and accommodation (down 20%), administrative and support services (down 15.4%), arts and entertainment (down 9%) and other services (down 9.4%). However, healthcare and social support enjoyed spectacular growth amidst the general gloomy situation, at 10.4% in 2020 and as high as 41% in 2021. The […]
The average gross domestic product (GDP) growth in 2010-2022 is 6.1%. However, this period should be divided into the pre- and post-Covid-19 periods. The average GDP growth in 2010-2019 was 6.6% and 2019-2022 4.4%. It should be noted that the GDP growth in 2022 versus 2021 is as high as 8.02% because the growth in 2020 and 2021 is very low, at 2.9% and 2.6% respectively. In the two years of 2020 and 2021, the agro-forestry and fishery sector still maintained the added value growth of 3% and 3.1% respectively, equivalent to or higher than the average added value growth of 3% in 2010-2019. The added value growth of the processing and manufacturing sector in 2020 and 2021 fell drastically, at 5% and 6% respectively, while the average growth of this sector in 2010-2019 is 9.7%. Most services experienced lower added value growth in 2020 and 2021, such as transport and warehousing (down 3.1%), catering and accommodation (down 20%), administrative and support services (down 15.4%), arts and entertainment (down 9%) and other services (down 9.4%). However, healthcare and social support enjoyed spectacular growth amidst the general gloomy situation, at 10.4% in 2020 and as high as 41% in 2021. The […]
The average gross domestic product (GDP) growth in 2010-2022 is 6.1%. However, this period should be divided into the pre- and post-Covid-19 periods. The average GDP growth in 2010-2019 was 6.6% and 2019-2022 4.4%. It should be noted that the GDP growth in 2022 versus 2021 is as high as 8.02% because the growth in 2020 and 2021 is very low, at 2.9% and 2.6% respectively. In the two years of 2020 and 2021, the agro-forestry and fishery sector still maintained the added value growth of 3% and 3.1% respectively, equivalent to or higher than the average added value growth of 3% in 2010-2019. The added value growth of the processing and manufacturing sector in 2020 and 2021 fell drastically, at 5% and 6% respectively, while the average growth of this sector in 2010-2019 is 9.7%. Most services experienced lower added value growth in 2020 and 2021, such as transport and warehousing (down 3.1%), catering and accommodation (down 20%), administrative and support services (down 15.4%), arts and entertainment (down 9%) and other services (down 9.4%). However, healthcare and social support enjoyed spectacular growth amidst the general gloomy situation, at 10.4% in 2020 and as high as 41% in 2021. The […]
Weak consumption is one of the factors that have impacted enterprises’ investment and business expansion plans, thereby adversely affecting the economy. What can be...
The Ministry of Planning and Investment’s 2022 white book on Vietnamese enterprises showed that there were 811,538 businesses in Vietnam as of December 31,...
Vietnam’s gross domestic product (GDP) in January-March expanded by 3.32% over the same period of last year, slightly higher than 3.21% in the first...
HCMC – The prime minister has assigned departments and localities to remove hindrances to business and access to loans to boost consumption, export and...
HCMC – In contrast to bleak financial prospects in the January-March period, reflected in the city’s gross regional domestic product expansion of a mere...
Vietnam’s economy still relies heavily on the agro-forestry-fishery sector, as the trade surplus of this group accounted for over 75% of the national figure...