Vietnam's GDP expands 7.72% in second quarter of 2022

According to GSO General Director Nguyen Thi Huong, the country's socio-economic development in the first six months of 2022 has prospered in most industries and fields, especially processing and manufacturing industry; retail sales of consumer goods and services; and exports.

The agriculture-forestry-fishery sector increased 3.02%, contributing 4.56% to the overall growth of the economy.

The industry and construction sector was up 8.87%, making up 46.85%, while the service sector rose by 8.56 percent, contributing 48.59 percent to the general GDP growth, Huong said.

Regarding GDP use, final consumption expenditure increased by 7.32% over the same period last year; accumulated assets rose by 4.57%; exports of goods and services surged 12.33%; imports of goods and services up 4.88%.

In the January - June period, the country's GDP grew by 6.42%, higher than the 2.04% and 5.74% 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% of the country's economy; the industry-construction and service sectors made up 39.3% and 40.63%, respectively, the GSO said.

(Source: NDO)