GDP expected to grow by 2.91 percent

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.

As of May 20, 2022, total newly registered and adjusted capital together with capital contributions and share purchases by foreign investors surpassed 11.71 billion USD in the first five months of this year, equivalent to 83.7 percent of the same period last year.

The industrial production index posted a year-on-year rise of 8.3 percent in the first five months of 2022. Manufacturing and processing expanded 9.2 percent and phone components, which are the major industrial products in the reviewed period, surged 21.6 percent against the same period last year.

In the first five months of 2022, the total import and export turnover of goods reached 305.1 billion USD, posting a year-on-year rise of 15.6 percent. The country enjoyed a trade surplus of 516 million USD in the period.