Vietnam’s economy continues to maintain high economic growth this year with the gross domestic product (GDP) estimated to increase 8.17 per cent, the Ministry of Planning and Investment (MPI) reported at the Government’s regular meeting December 26.
Of the total GDP increase, the industry and construction sector accounts for 4.16 percentage points, the service sector for 3.34 percentage points and the agro-forestry-fisheries sector for 0.67 points.
The overall economic structure sees an increase in the proportion of industry, construction and services, and a reduction in the proportion of agro-forestry and fisheries.
MPI minister Vo Hong Phuc said at the meeting that the GDP growth rate is higher quarter by quarter. He quoted the growth rate at 7.18 per cent in the first quarter, 7.54 per cent in the second, 8.67 per cent in the third and 8.85 per cent in the last quarter of this year.
Many sectors continue to see higher growth, he said.
This year’s industrial production value increased 17 per cent on year, higher than the annual plan.
Exports hit US$39.6 billion this year, of which 9 items recorded export values of more than US$1 billion, 2 more items (rubber and coffee) than last year.
Four items witnessed exports of more than US$3 billion, including crude oil, garments, footwear and seafood.
13 other exports reached or surpassed initial export targets, including coal, garments, seafood, rubber, pepper and tea.
Direct foreign investment (FDI) to Vietnam soared to record high at US$10.2 billion, and official development assistance (ODA) capital pledged at US$4.44 record.
The exact GDP figures will be released by the general statistics office (GSO) in next few days.
Liberated Saigon, People
Vietnamese
