GDP climbs 6.76 per cent in six months

Vietnam’s gross domestic product (GDP) grew 6.76 per cent in the first half of this year, the second highest rate since 2011.

Vietnam’s gross domestic product (GDP) grew 6.76 per cent in the first half of this year, the second highest rate since 2011.

The growth was fuelled by a stable macro-economy, impressive rice exports, declining unemployment rate, and robust economic production.

The processing and manufacturing sector remained the pillar of GDP growth, posting a growth of over 11 per cent, lower than the same period last year but much higher than that in the first halves of 2012-2017.

The agro-forestry-fishery sector expanded nearly 2.4 per cent, contributing 6 per cent to GDP growth.

Meanwhile, the service industry was backed by rosy wholesale and retail sales, financial activities, banking and insurance, transportation and warehouses.-VNS/VNA

VNA