Vietnam's GDP Expands By 8,02% In 2022

Hanoi, (UrduPoint / Pakistan Point News - 29th Dec, 2022 ) :Vietnam's GDP growth reaches 8.02% this year, a record high in the 2011-2022 period as the economy is recovering strongly, General Director of the General Statistics Office (GSO) Nguyen Thi Huong told a press conference in Hanoi on December 29, according to Vietnam news Agency (VNA).

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

About the economic structure 2022, the agro-forestry-fishery sector accounted for a proportion of 11.

88%, industry and construction 38.26%, services 41.33% and product taxes, exclusive of product subsidies, 8.53%.

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

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