White Book 2020: Business sector contributes 60 percent to GDP
The business sector contributed over 60 percent to the gross domestic product (GDP) in 2019, according to the White Book on Vietnamese Businesses released by the General Statistics Office (GSO) in Hanoi on April 28.
Illustrative image (Source: VNA)Hanoi (VNA) – The business sector contributed over 60 percent to the gross domestic product (GDP) 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, 67.1 percent of which operated in the service sector, 31.6 percent in industry and construction, and 1.3 percent in agro-forestry-fishery.
In the 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 44.1 percent, break-even ones 7.5 percent, and unprofitable ones 48.4 percent./.
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