A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam statistics office finds second quarter GDP growth at 6.93 percent

Vietnam’s General Office of Statistics has found that Vietnam’s GDP grew at 6.93 percent in the second quarter of 2024 compared to the second quarter of 2023. This brings the country’s growth rate for the first half of the year to 6.42 percent.

The GSO estimates that the agriculture, forestry and fishery sector grew by 3.34 percent, the industrial and construction sector grew by 8.29 percent, and the service sector grew by 7.06 percent. This is broadly reflected in Vietnam’s top ten individual-item exports in the first five months of this year which registered an average growth rate of 14.9 percent compared to 2023.

Vietnam’s top exports, January to May 2024

20242024 vs 2023
DescriptionUS$Change %
Computers, electrical products, spare parts and components thereof27,011,352,31931.6
Telephones, mobile phones and parts thereof22,402,442,42611.0
Machine, equipment, tools and instruments18,782,205,31913.9
Textiles and garments13,181,614,7343.8
Footwear8,640,491,5267.2
Other means of transportation, parts and accessories thereof6,084,501,6563.7
Wood and wooden products6,174,053,99524.2
Fishery products3,545,125,2815.0
Iron and steel4,041,082,60217.3
Fruits and vegetables2,652,514,37131.5

See also: Vietnam May exports top US$32.26 billion [data set]

If you would like to see more posts like this, please let me know by making a contribution.

Latest news...

Get Vietnam news sent straight to your inbox

advertising enquiry