Vietnam's GDP expands by 8.02 per cent in 2022

29 Dec 2022 03:07pm
GDP per capita was estimated at Vietnamese dong (VND) 95.6 million (US$4,110), up US$393 from 2021 while labour productivity was at VND 188.1 million (US$8,083)/labourer, marking a year-on-year rise of US$622 year on year.- Nhacnguyen/Getty images
GDP per capita was estimated at Vietnamese dong (VND) 95.6 million (US$4,110), up US$393 from 2021 while labour productivity was at VND 188.1 million (US$8,083)/labourer, marking a year-on-year rise of US$622 year on year.- Nhacnguyen/Getty images
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HANOI - Vietnam’s gross domestic product (GDP) growth reached 8.02 per cent this year, a record high in the 2011-2022 period as the economy recovered strongly, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

"Improved business environment and social security have also contributed to socio-economic recovery and development, thus garnering trust and support of the people and business community, " Huong told a press conference on Thursday reported Vietnam News Agency.

The agro-forestry-fishery sector expanded by 3.36 per cent, contributing 5.11 per cent to the total added value of the whole economy. The industry-construction sector grew by 7.78 per cent, contributing 38.24 per cent while the service industry rose by 9.99 per cent, making a 56.55 per cent contribution to the economy.

About the economic structure 2022, the agro-forestry-fishery sector accounted for a proportion of 11.88 per cent, industry and construction (38.26), services (41.33) and product taxes, exclusive of product subsidies (8.53).

With an annual growth of 7.18 per cent, final consumption contributed to 49.32 per cent of the general growth. Asset accumulation rose by 5.75 per cent, contributing 22.59 per cent, while trade in exports, imports and services adding 28.09 per cent.

GDP per capita was estimated at Vietnamese dong (VND) 95.6 million (US$4,110), up US$393 from 2021 while labour productivity was at VND 188.1 million (US$8,083)/labourer, marking a year-on-year rise of US$622 year on year.

Thanks to the Government's and Prime Minister’s directions, the macro-economy remained stable with inflation put under control and major balances guaranteed. - Bernama