💥 6 MONTHS GDP INCREASE 5.64% 💥
Despite complicated developments, the GDP growth rate in the first 6 months of 2021 still reached more than 5.64%, compared with an increase of 1.82% in the same period of 2020.
🎯 Recently, the General Statistics Office has announced socio-economic data for the first 6 months of the year. GDP in the first 6 months is estimated to increase by 5.64%, the growth rate is three times higher than the increase of 1.82% in the first 6 months of 2020. This figure is only lower than the growth rate of 7.05% and 6.77% of 2018 and 2019, but equivalent to two years 2016 and 2017 - the time when there was no Covid-19 epidemic. Particularly in the second quarter, GDP is estimated to increase by 6.61% over the same period last year, higher than the growth rate of 0.39% in the second quarter of 2020 and close to the growth rate of 6.73% in the second quarter of 2018 and 2018. 2019.
✓ In the overall growth of the whole economy, the agriculture, forestry and fishery sector contributed 8.17%, the industry and construction sector contributed more than 59%, and the service sector contributed 32.78% .
✓ In which, the industry increased by nearly 9% in the first 6 months of this year, nearly equivalent to the growth rate of 9.13% in the first half of 2019 - the period before Covid-19 and higher than the growth rate of 2 ,91% of the first 6 months of 2020.
✓ Processing and manufacturing industry - the growth engine of the whole economy - achieved an increase of 11.42%. The electricity production and distribution industry increased by 8.16%, the construction industry increased by 5.59%. In contrast, mining fell 6.61%, as crude oil production fell 7.3% and natural gas fell 12.5%.
✓ In the service area, the restaurant system and on-site food service establishments, passenger transport still face many difficulties due to the implementation of social distancing in some localities to prevent epidemics. The growth of this sector is only higher than the growth rate of 0.48% of the same period in 2020 in the period 2011-2021. The contribution of a number of market service industries with a large proportion, such as wholesale and retail increased by 5.63%, is the largest contributor of the service sector; financial, banking and insurance activities increased by 9.27%. In contrast, the transportation and warehousing industry decreased by 0.39%, the accommodation and catering services industry decreased by more than 5%.
*Source: 𝑣𝑛𝑒𝑥𝑝𝑟𝑒𝑠𝑠.𝑛𝑒𝑡

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