Business sector contributes 60 percent to GDP

The business sector contributed over 60 percent to the gross domestic product in 2019, according to the White Book on Vietnamese Businesses released by the General Statistics Office (GSO) in Hanoi on April 28.

In 2019, the country had 758,610 active businesses, over 67 percent of which operated in the service sector, 31.6 percent in industry and construction, and 1.3 percent in agro-forestry-fishery.

Last year, Vietnam recorded an economic growth of 7.02 percent, marking the second consecutive year with growth of over 7 percent since 2011.

According to business results of enterprises recorded as of December 31, 2018, the number of profitable businesses accounted for more than 44 percent, break-even ones 7.5 percent, and unprofitable ones 48.4 percent./.