The General Statistics Office held a press conference this morning regarding the economic situation for the first half of the year. The second quarter GDP is estimated to have grown by 7.96% compared to the same period last year, just slightly lower than the 8.56% growth rate of the second quarter of 2022, making it the second highest in the 2020-2025 period.

For the first 6 months of the year, GDP grew by 7.52%, the highest rate for the first half of any year between 2011 and 2025.

The industrial and construction sectors, along with the service sector, continue to hold the largest share of the economy, acting as its main support.

Within industry and construction, the industrial sector achieved high growth.

The industrial sector has maintained its growth momentum, with several key products showing substantial increases, meeting new orders for businesses. The total added value for the entire industry in the first 6 months increased by 8.07% compared to the same period last year, only slightly lower than the 8.89% increase in the same period of 2022, and the second highest during 2020-2025.

The service sector, including foreign trade, transportation, and tourism, has seen significant growth, meeting both domestic and global demand and contributing positively to economic growth. The added value for this sector reached 8.14%, the highest increase compared to the same period in any year between 2011 and 2025.

The agriculture, forestry, and fishing sectors have maintained stable growth, meeting domestic consumption needs and export demands. The added value of this sector is 3.51% compared to the same period last year, contributing 0.29 percentage points to the overall increase in added value of the entire economy.

* Further updates to follow.

Phuong Dung