Vietnam achieves 5.64% GDP growth in H1 2021

Vietnam’s GDP increased by 5.64% in the first six months of 2021, according to the General Statistics Office of Vietnam.

Vietnam’s GDP increased by 5.64% in the first six months of 2021, according to the General Statistics Office of Vietnam.

  

Collecting samples for Covid-19 tests

Data related to the socio-economic situation in the second quarter and the first half of 2021 were announced on June 29 in Hanoi. GDP growth was higher than the rise of just 1.82% in the first six months of 2020, but lower than the 7.05% recorded in the first half of 2018 and 6.77% in the first half of 2019.

Nguyen Thi Huong, director of the General Statistics Office of Vietnam, said the GDP growth in the second quarter would be 6.61% which is optimistic amid the ongoing Covid-19 outbreak in various provinces in Vietnam. The government also faces many challenges to developing the economy while preventing the pandemic.

"The growth rate is the effort of the government, enterprises and residents to control the outbreak," Huong said.

In June, Vietnam registered 67,081 new enterprises and a USD1.47bn export surplus. The inflation was also kept stable.

However, as the pandemic is still spreading across the world, Vietnam is still badly affected. Different vaccination rates in different countries mean the world economy will not recover quickly. As the result, the global supply chain will still be disrupted and cause negative impacts on the tourism and transportation industries.

According to the General Statistics Office of Vietnam, controlling the Covid-19 outbreaks and rolling out immunisation programmes are necessary. Producing locally-made vaccines will help speed up the process and the government should issue support packages to firms.