VN attains GDP growth of 5.6 percent in first half

Vietnam attained a GDP growth of 5.6 percent in the first half of the year, reported the Ministry of Planning and Investment.

In the reviewed period, the country; industrial production value was 418 trillion VND, a year-on-year rise of 14.3 percent and export revenues of 42.3 billion USD, a year-on-year increase of 30 percent.

High growth in six-month export revenues were seen in apparels, up 28.4 percent; footwear, up 31 percent; seafood, up 28 percent; and rubber, up 17 percent.

Goods retail and service turnover increased by 22 percent to reach 912 trillion VND.

However, the country’s imports were still expanded by 25 percent to an estimated turnover of 49 billion USD in the reviewed period.

Realised foreign direct investment dropped 1.9 percent compared to the same period last year, totalling 5.3 billion USD.

In addition, high inflation and interest rates have hindered production and activities of any businesses.

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