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Vietnam's GDP expands 7.72 pct in Q2

HANOI
2022-06-29 13:21

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HANOI, June 29 (Xinhua) -- Vietnam recorded a year-on-year gross domestic product (GDP) growth of 7.72 percent in the second quarter of 2022, the General Statistics Office (GSO) said Wednesday.

It is the highest second-quarter GDP growth recorded by the country in the past 10 years.

The sector of agriculture, forestry and fishery grew by 3.02 percent against the same period last year, while industry and construction grew 8.87 percent, and services up by 8.56 percent, said the office.

The positive growth of the industry and construction sector is attributed to the recovery of businesses, said head of the GSO Nguyen Thi Huong.

Vietnam posted a modest GDP growth of 2.58 percent in 2021 amid the severe impacts of the COVID-19 pandemic. A growth target of between 6 and 6.5 percent was previously set by the country's top legislature for this year.
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