Selangor Journal
A woman rides a bicycle past the State Bank of Vietnam building in Hanoi, Vietnam, on September 8, 2017. — Picture by REUTERS

Vietnam’s GDP expands 7.72 pct in second quarter of 2022

HANOI, June 30 — Vietnam’s Gross Domestic Product (GDP) is estimated to increase 7.72 per cent in the second quarter of this year, the highest rate in the same quarters in the last 10 years, according to the General Statistics Office (GSO).

The agriculture-forestry-fishery sector increased 3.02 per cent, contributing 4.56 per cent to the overall growth of the economy, reported Vietnam News Agency citing GSO.

It reported the industry and construction sector was up 8.87 per cent, making up 46.85 per cent, while the service sector rose by 8.56 per cent, contributing 48.59 per cent to the general GDP growth.

“In the January–June period, the country’s GDP grew by 6.42 per cent, higher than the 2.04 per cent and 5.74 per cent growth rates of the same periods in 2020 and 2021, respectively.

“In terms of economic structure in the first two quarters, the agriculture-forestry-fishery sector accounted for 11.05 per cent of the country’s economy; the industry-construction and service sectors made up 39.3 and 40.63 per cent, respectively,” the GSO said.

— Bernama

Top Picks

Police confirm Malaysian arrested in Batam for links to syabu lab

Malaysia down Iran in shootout for maiden Indoor Hockey Asia Cup crown

JBPM ready to face droughts, fires — D-G

Editor Selangor Journal