16:19 The official, however, said that the situation in Vietnam was still better than many countries that have reported negative growth rates due to the pandemic. Vietnam’s gross domestic product (GDP) increased 1.81 percent during the first six months of 2020, the lowest first-half growth pace since 2011, according to the General Statistics Office (GSO).At a press conference on June 29, the office reported that in the second quarter alone, the GDP rose by just 0.36 percent year on year, which was also the smallest expansion in Q2 during the 2011 – 2020 period.This was attributed to the fact that the economy was hit hardest by the COVID-19 pandemic in Q2, when the Government ramped up social distancing measures, the GSO noted, adding that the agro-forestry-fisheries sector grew 1.72 percent, industry – construction rose 1.38 percent, while the services sector contracted 1.76 percent between April and June.During the six months, the agro-forestry-fisheries sector recorded a growth rate of 1.19 percent and contributed 11.89 percent to the overall economic growth. Vietnam GDP Growth Rate chart, historic, and current data. “GDP growth rate from 2011-2020 stood at 5,93% 5,08%, 5%, 5,34%, 6,47%, 5,78%, 6,36%, 6,73%, 6,73% and 0,36%,” the report said. GDP Annual Growth Rate in Vietnam averaged 6.43 percent from 2000 until 2020, reaching an all time high of 8.48 percent in the fourth quarter of 2007 and a record low of 0.36 percent in the second quarter of 2020. GDP Growth Rate YoY Please check your download folder.
Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. This was the slowest GDP growth rate since the second quarter of 2009, hampered by the coronavirus pandemic and weaker global demand.
Meanwhile, agriculture, forestry and fisheries advanced softer (1.53 percent vs 2.04 percent in Q2). Earlier, GSO reported that GDP of the second quarter alone rose by just 0.36 percent year on year, which was also the lowest increase in Q2 during the 2011-2020 period.
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Also Show. GDP growth (annual %) - Vietnam. GDP Growth Rate YoY In the first half of this year, the economy advanced 1.91 percent from a year earlier. In 2019, Vietnam’s economy continued to show fundamental strength and resilience, supported by robust domestic demand and export-oriented manufacturing. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This was the slowest GDP growth rate since the series began in 2000, hampered by the coronavirus pandemic and weaker global demand. Vietnam's GDP forecasted to reach 3.8% in 2020. VERP forecasted that Vietnam's GDP growth rate in 2020 would reach 3.8% if there is no second Covid-19 outbreak and the economy gradually resumes. News; World; Business. © Copyright 2015; VietReader - Breaking News, Latest World News UpdatesVN records positive growth amid gloomy global forecastsSecond-half GDP growth to outpace first-half resultIndustrial production grows 2.71% in first half of 2020HCMC: Many taxes saw the lowest growth in three yearsHo Chi Minh City: Many State revenue has a low growth rate