VN attains GDP growth of 5.6 pct in first half
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Vietnam attained a GDP growth of 5.6 percent in the first half of the year, reported the Ministry of Planning and Investment.
In the reviewed period, the country; industrial production value was VND418 trillion, a year-on-year rise of 14.3 percent and export revenues of US$42.3 billion, a year-on-year increase of 30 percent.
High growth in six-month export revenues were seen in apparels, up 28.4 percent; footwear, up 31 percent; seafood, up 28 percent; and rubber, up 17 percent.
Goods retail and service turnover increased by 22 percent to reach VND912 trillion.
However, the country’s imports were still expanded by 25 percent to an estimated turnover of $49 billion in the reviewed period.
Realised foreign direct investment dropped 1.9 percent compared to the same period last year, totalling $5.3 billion.
In addition, high inflation and interest rates have hindered production and activities of any businesses.
