Vietnam’s GDP grows by 3.72% in first half
Vietnam’s GDP grew by 3.72% in the first half, but its 4.14% growth in the second quarter was the lowest in 13 years barring the Covid-19 period.
15:07 29/06/2023
Industry and construction, one of the three main pillars of the economy, grew by just 0.44%.
Services grew by 6.33% and contributed nearly 79% of GDP thanks to policies issued to promote tourism and boost demand for consumer goods.
Agriculture, forestry and fishery output grew by 3%.
Foreign trade was down 15.2% year-on-year to $316.65 billion in the first half, with exports falling by 12.1% and imports by 18.2%.
There was a trade surplus of $12.25 billion.
The consumer price index rose by 3.29% year-on-year as food and electricity prices increased.
Dong struggles as the dollar remains at a 3-month high
The U.S. dollar rose against the Vietnamese dong Thursday morning, continuing to stay at the highest level recorded since March 21.
