This GSO held a press conference on January 29 to announce the GDP growth between January and June.
According to the GSO, the agro-forestry-fishery sector accounted for 14.15% of the country’s GDP in the first half period, followed by industry and construction with 33.78% and service sector with 41.82%.
Vietnam’s GDP growth is estimated at 7.08% in the first half of this year
Pham Dinh Thuy, head of the GSO’s Industrial Statistics Department, said that foreign-invested companies made great contributions to GDP growth in the first six months of this year. By late 2017, Vietnam had 14,000 foreign-invested enterprises, employing 4.2 million people.
Thuy noted that between January and June this year, Samsung and Formosa only contributed up to 28% of the country’s industrial production value in the processing and manufacturing sector.
At the press conference, Do Thi Ngoc from Price Statistics Department, also answered the question about the inflation risk by late this year due to the higher prices of petroleum, educational and health services.
Ngoc added that the inflation cycle crossed over a ten-year period, however, the government had taken measures to curb the inflation. The government stipulated that when the price of a kind of goods managed by the government increases, prices of other goods would not be raised.
