The growth rate is slightly below the figures of 2018, 2019 and 2022.
Vietnam’s economy was estimated to have achieved a growth rate of 7.09 per cent last year, slightly below the figures of 2018, 2019 and 2022.
The industrial and construction sector contributed 45.17 per cent to the GDP growth, with a rise of 8.24 per cent.
The country’s GDP reached more than $476.3 billion last year, with per capita GDP rising to $4,700, marking a $377 rise from 2023.
The fourth quarter (Q4) last year saw a 7.55-per cent growth in gross domestic product (GDP), maintaining an upward trajectory from 5.98 per cent in Q1, 7.25 per cent in Q2 and 7.43 per cent in Q3, Huong was cited as saying by domestic media outlets.
The service sector emerged as the primary growth driver for the whole year.
The industrial and construction sector contributed 45.17 per cent to the GDP growth, with a rise of 8.24 per cent.
The country’s GDP reached more than 11.51 quadrillion VND (~$476.3 billion) last year, with per capita GDP rising to 114 million VND (~$4,700), marking a $377 rise from 2023.
Labour productivity also significantly improved, reaching 221.9 million VND (~$9,182) per worker—up by $726 year on year (YoY).
The economic structure last year showed the dominance of the service sector, which accounted for 42.36 per cent of the GDP compared to 42.3 per cent in 2023. The industrial and construction sector made up 37.64 per cent of the GDP, slightly increasing from the 2023 figure of 37.58 per cent.
Fibre2Fashion News Desk (DS)
