Vietnam's GDP in 2017 breaks the target to reach 6.81 per cent, the highest rate since 2011
By Trung Ngoc
December 29, 2017 | 07:03 AM GMT+7
The gross domestic product (GDP) in 2017 is estimated to increase to 6.81 per cent, exceeding the target of 6.7 per cent and the highest rate since 2011, according to General Statistics Office of Vietnam (GSO).
Vietnam's GDP in 2017 exceeds the target of 6.7 per cent
In particular, the quarters I, II, III and IV increased to 5.15 per cent, 6.28 per cent, 7.46 per cent and 7.65 per cent, respectively.
The agriculture, forestry and fishery sectors have recovered significantly with an increase of 2.90 per cent, contributing 0.44 percentage points to GDP.
The industrial and construction sectors increased to 8 per cent, contributing 2.77 percent points to GDP.
Services sector increased to 7.44 per cent, contributing 2.87 percentage points.
The scale of the economy in 2017 at current prices reached 5,007.9 trillion (US$220.85 billion). Average GDP per capita is estimated at VND53.5 million (US$2,385), US$170 higher than that of 2016.
In terms of economic structure, in 2017, agriculture, forestry and fisheries sectors account for 15.34 per cent. Industrial and construction sectors amount to 33.34 per cent. Service sector and taxes minus subsidies on products account for 41.32 per cent and 10 per cent, respectively.
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