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Home International Customs

Vietnam gain stable socioeconomic development with estimated GDP growth of 6.28% in H1

byCustoms Today Report
29/06/2015
in International Customs, Vietnam
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HO CHI MINH CITY: Vietnam has so far this year gained fairly good and stable socioeconomic development, with an estimated GDP growth of 6.28 percent in the first half, the country’s General Statistics Office said Friday.

Vietnam’s GDP is estimated to have grown 6.28 percent in the first half of this year against the same period last year, including growth rates of 6.08 percent in the first quarter and 6. 44 percent in the second quarter.

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Of the GDP growth of 6.28 percent, 0.42 percent came from agriculture, forestry and seafood sector, 2.98 percent from industry and construction sector, 2.22 percent from service sector, and 0.66 percent from taxes on products (excluding subsidies), said the office.

Among sectors that are estimated to have recorded the highest growth rates in the January-June period, manufacturing and processing industry has so far this year posted a growth of 9.95 percent, wholesales and retails 8.35 percent, mining 8.18 percent, forestry 8.07 percent, construction 6.60 percent, and finance, banking and insurance 5.85 percent.

Regarding the economic structure in the first half, agriculture, forestry and seafood sector made up 16.73 percent, industry and construction 33.45 percent, service 39.61 percent, and product tax 10.21 percent.

Regarding agricultural production, Vietnam has over 3.1 million hectares of winter-spring rice crop this year, down 4,300 hectares against the previous crop, said the office.

According to preliminary reports from cities and provinces nationwide, the total winter-spring rice output is estimated at 20. 7 million tons, down 153,300 tons. The Mekong Delta alone has so far this year gained a rice output of 11.1 million tons, down 61, 000 tons due to heat waves and disease and pest outbreaks.

Tags: of 6.28% in H1stable socioeconomic developmentVietnam gainwith estimated GDP growth

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