The Vietnamese economy grew 3.72 percent in the first half

The information was released here by Director of the General Statistics Office of the Ministry of Planning and Investment, Nguyen Thi Huong, who highlighted the fact that GDP increased in the second quarter of the year by 4.14 percentage points.

Referring to the structure of the national economy in the first six months of 2023, the specialist determined that the service sector represents 43.25 percent, followed by industry and construction (36.62) and the agroforestry and aquaculture branch (11.32).

Tae Huong also emphasized that in addition to achieving GDP growth, the country was able to maintain macroeconomic stability, control inflation, and ensure basic products, food sources, and social welfare.

On the other hand, the trade balance closed the semester with a surplus of 12,250 million dollars, bringing total exports to 164,450 million dollars and imports to 152,200 million dollars.

Of the total exported products, 27 of them have achieved overseas sales exceeding one billion dollars each, and five of them exceeded five billion.

With regard to the Consumer Price Index (CPI), in the first six months of the year it recorded an increase on an annual basis of 3.29 percent, while in the second quarter it was 2.41 percentage points, driven by increases in the housing and individuals group. Building materials (6.03 percent) and education (5.81).

However, there were a series of factors that contributed to restricting the growth rate of the consumer price index in this period, among them the decrease in the price of kerosene (8.94 percent) and the decrease in the costs of gasoline oil (18, 27).

Vietnam’s gross domestic product grew by 3.32 percent in the first quarter of the year, lower than the 5.03 reached in the same period of 2022.

According to the 2023 Social and Economic Development Plan, approved by the National Assembly (parliament), the Vietnamese economy should expand by 6.5 percent and achieve 15 targets, including achieving per capita income of $4,400 and reducing the rate between 1 and 1.5 percentage points. from poor families.

In 2022, Vietnam registered a growth of 8.02 percent of GDP, the highest figure reached in 2011-2022, according to the General Bureau of Statistics.

L/Mb