30.6 C
Ho Chi Minh City
Thursday, July 25, 2024

Vietnam’s GDP grows 6.93% in Q2

The Saigon Times

Must read

HCMC – Vietnam’s gross domestic product (GDP) has expanded by 6.93% in the second quarter of this year, the second highest increase in the past decade, according to the General Statistics Office (GSO).

The services sector has been a key growth driver, rising by 7.06% year-on-year and contributing 48.91% to the nation’s economic growth. The agro-forestry-fishery sector has seen a year-on-year increase of 3.34%, contributing 5.36%, while the industry and construction sector has picked up by 8.29%, accounting for 45.73% of economic growth.

In the first half of 2024, Vietnam’s GDP rose by 6.42%, only slightly below the 6.58% growth rate observed during the same period in 2022 within the past four years.

During this six-month period, the agro-forestry-fishery sector has edged up by 3.38%, contributing 5.96%. The industry and construction sector has grown by 7.51%, accounting for 44.28%, and the service sector has increased by 6.64%, contributing 49.76% to the nation’s GDP growth.

In terms of economic structure, the agro-forestry-fishery sector has accounted for 11.55%, the industry and construction sector 36.44%, and the services sector 43.35% of the economy.

According to the General Statistics Office, the consumer price index (CPI) in the second quarter of 2024 has inched up by 4.39% year-on-year. Overall, in the first six months of 2024, the inflation index has soared by 4.08% compared to the same period in 2023.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles