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Vietnam's GDP in the second quarter of 2023 increased by 4.14%

According to a report by the General Statistics Office, the gross domestic product (GDP) in the second quarter of 2023 was estimated to increase by 4.14% over the same period last year, only higher than the 0.34% growth rate of the second quarter of 2020 in the period 2011-2023.



In, the agriculture, forestry, and fishery sector increased by 3.25%, contributing 8.53% to the increase in the total added value of the whole economy; the industry and construction sector increased by 2.50%, contributing 23.63%; the service sector increased by 6.11%, contributing 67.84%.


GDP in the first 6 months of 2023 increased by 3.72%, just higher than the growth rate of 1.74% in the first 6 months of 2020 in the period 2011-2023. In the increase in the total added value of the whole economy, the agriculture, forestry, and fishery sector increased by 3.07%, contributing 9.28%; the industry and construction sector increased by 1.13%, contributing 11.87%; the service sector increased by 6.33%, contributing 78.85%.


In the area of ​​agriculture, forestry, and fishery, the yield of winter-spring rice was quite good, the output of some perennial crops mainly increased compared to the same period last year, the poultry production developed stably, the aquaculture reached the highest level. positive results. The added value of the agricultural sector in the first 6 months of 2023 increased by 3.14% over the same period last year, contributing 0.27 percentage points to the increase in the total added value of the whole economy; the forestry sector increased by 3.43% but accounted for a low proportion, so it only contributed 0.02 percentage points; the fisheries sector increased by 2.77%, contributing 0.07 percentage points.


In the industry and construction sector, the industry faces many difficulties in the general context of the world economy. The added value of the whole industry in the first 6 months of 2023 increased by 0.44% over the same period last year, which is the lowest increase of the same period of years in the period 2011-2023, contributing 0.15 percentage points to the growth rate. total value added to the economy. The construction industry increased by 4.74%, only higher than the growth rate of 0.07%, 2.54%, and 4.19% of the same period in 2011, 2012, and 2022 in the period 2011-2023, contributing 0.31 percentage points.


Policies to stimulate domestic consumption, promotion and promotion of tourism have contributed to maintaining the growth of the service sector. The added value of the service sector in the first 6 months of 2023 increased by 6.33% over the same period last year, higher than the increase of 1.18% and 4.53% of the same period in 2020 and 2021. In the service sector, the contribution of a number of industries with a large proportion to the increase in the total added value of the whole economy as follows: Wholesale and retail increased by 8.49% over the same period last year, contributed 0.88 percentage points; transportation and warehousing increased by 7.18%, contributing 0.45 percentage points; financial, banking and insurance activities increased by 7.13%, contributing 0.4 percentage points; accommodation and food services increased by 15.14%, contributing 0.37 percentage points.


Regarding the structure of the economy in the first 6 months of 2023, the agriculture, forestry, and fishery sector accounted for 11.32%; industry and construction accounted for 36.62%; service sector accounted for 43.25%; product tax minus product subsidies accounted for 8.81% (corresponding structure of the same period in 2022 was 11.21%; 38.00%; 41.85%; 8.94%).


Regarding GDP used in the first 6 months of 2023, final consumption increased by 2.68% over the same period in 2022, contributing 30.27% to the overall growth rate of the economy; accumulated assets increased by 1.15%, contributed 6.28%; exports of goods and services decreased by 10.0%; import of goods and services decreased by 13.20%, the difference between import and export of goods and services contributed 63.45%.

(24hmoney)


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