Five-month index of industrial production up 9.4%

Fishery export turnover this May hit the 1-billion-USD benchmark, posting a year-on-year rise of 27 percent and bringing the figure in the first five months of the year to more than 4.6 billion USD, up 42 percent compared to the same period of 2021.

According to forecasts by the International Monetary Fund (IMF), Vietnam will record an economic growth of 6 percent in 2022, among economies with the highest growth rate of the world.

A strategy to 2030 sets sustainable targets with a balanced import-export structure in order to sharpen competitive edge and bolster brand development for Vietnamese products. The idea behind the plan is to raise Vietnam’s position in the global supply chain and serve as momentum for sustainable economic development. The target has been set at an average export growth rate of 6-7% to 2030.

Agro-forestry-fishery exports hit about 23.2 billion USD in the first five months of 2022, posting a year-on-year increase of 16.8 percent. Nine groups of products saw export values of more than 1 billion USD in the period, including coffee, rubber, rice, cashew and vegetables.

An overview of the Vietnamese economy in the first 5 months of 2022.