Business

Vietnam among countries with high economic growth in 10 years

Vietnam, together with China and some other Asian countries, is among the 20 countries with the fastest economic growth over the last 10 years, according to Yahoo Finance.
Vietnam among countries with high economic growth in 10 years ảnh 1A factory in the Du Long Industrial Park in Thuan Bac district, Ninh Thuan province (Photo: VNA)
Hanoi (VNA) – Vietnam,together with China and some other Asian countries, is among the 20 countrieswith the fastest economic growth over the last 10 years, according to YahooFinance.

In its recent article, the marketnews website sourced data from the International MonetaryFund (IMF), considering the growth inreal GDP for all countries over the last 10 years to average the real GDPgrowth rates.

It said that with an average real GDP growth rate of 6.1%during 2012 - 2022, Vietnam ranks among those with high economic growth. Theagricultural sector highly supports the economy by contributing to the GDP aswell as employment.

Vietnam’s agro-forestry-fishery exports reached 53.22 billion USD for the firsttime in 2022, up 9.3% from the previous year. As a result, its agriculturalsector posted a trade surplus of 8.5 billion USD, accounting for over 75% ofthe economy’s total trade surplus.

Vietnam among countries with high economic growth in 10 years ảnh 2The rice warehouse of the Duong Vu Co. Ltd in Binh Thanh commune of Thu Thua district, Long An province (Photo: VNA)
The article also cited Vietnam’s statistics as showing that the US remains thebiggest market of Vietnamese agro-forestry-fishery products, with an importturnover of 13.3 billion USD, equivalent to 25% of the total exports of thoseproducts. It is followed by China with more than 10 billion USD (18.9%), Japan4.2 billion USD (7.9%), and the Republic of Korea 2.5 billion USD (4.7%).

In termsof continents, Asia made up 44.7% of the exports, the Americas 27.4%, Europe11.3%, Oceania 1.7%, and Africa 1.7%.
         
The five countries with the highest economic growth rates in 10years is Guyana (South America) nearly 15%, Ireland (Europe) over 9%, Ethiopia(Africa) 8.43%, Tajikistan (Central Asia) over 7%, and Côte d’Ivoire (WestAfrica) over 6.8%, according to the writing./.
VNA
#economic growth #IMF #GDP #agro-forestry-fishery exports #trade surplus #agricultural sector #updated Vietnam news #Vietnamplus #Vietnam News Agency
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