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Vietnam’s GDP growth estimated at 4.9% in first half

2013-06-26 11:00:48

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Vietnam is estimated to post a GDP growth of 4.9% in the first half of this year compared to the rate of 4.93% during the same period of last year, said an official from the Ministry of Planning and Investment.

 

Bui Ha, Head of the National Economy Department, said during the period, the agro-forestry-fishery sector saw growth of 2.07% against 2.88% of the same period of 2012. The industrial and construction area posted the growth of 5.18% and the service sector with 5.92% against 5.59% and 5.29% on-year respectively.

 

The second quarter’s GDP growth reached 5% compared to 4.76% of the first quarter.

 

He added GDP growth in the second quarter and the first half of 2013 is not as high as expected, but it is suitable given the difficult economic context with the focus on controlling inflation and macro-economic stabilisation.”

 

According to the Ministry of Planning and Investment, many economic areas see improvement in the second quarter.

 

The ministry forecast that if the government resolutions 1 and 2 are effectively implemented, Vietnam could achieve the set GDP growth of 5.5% this year.