GDP in the 2nd quarter of 2017 is higher than in the 1st quarter

The General Statistics Office (GSO) told a meeting in Hanoi today that GDP in the second quarter was higher than in the first quarter. Agriculture, forestry, and fishery sectors saw the highest rise of 5.08% while industry and construction increased 5.8%. The macro-economy has been stable while inflation has remained under control. Business and investment environment have improved to attract foreign investment.

Nguyen Bich Lam, GSO General Director, said: “The agricultural sector has done well in adopting new plants and animals. The quality of rice and fruits has improved and we believe the agricultural sector can achieve its target of a 3.05% growth rate. Processing and manufacturing industries has progressed which proves the effectiveness of government incentives.”