• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Economic growth quickens in Q2

VGP – Viet Nam’s economy expanded by 5.25% in Q2, up from the growth rate of 5.09% in Q1 according to the General Statistics Office (GSO).

June 29, 2014 3:13 PM GMT+7

Illustration photo

Total economic output in the first half of 2014 rose by an estimated by 5.18% over the same period last year.

A breakdown of economic sectors shows that the service sector made the biggest contribution to first-half growth with 2.57 percentage points, followed by industry, which contributed 2.06 percentage points.

Agriculture, forestry and fishing made a small contribution of 0.55% to GDP growth in the first six months of 2014.

Industrial production in Q2 surged by 5.8% against the same period last year, primarily driven by a 7.8% increase in manufacturing and 10.9% rise in power generation and distribution.

Earlier, the GSO also reported that CPI accelerated slightly to 4.98% in June in which medicine and healthcare costs saw the biggest one-month increase of 0.74%.

In the first half of 2014, Viet Nam recorded a trade surplus of US$1.3 billion with exports and imports estimated at US$70.9 billion and US$69.6 billion./.

By Khanh Phuong