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Vietnam’s GDP expands 5.05 percent in 2023

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Vietnam posted a gross domestic product (GDP) growth at 5.05 percent in 2023, short of the National Assembly’s target of 6.5 percent, according to the General Statistics Office (GSO) on Friday.

The sector of agriculture, forestry and fishery grew 3.83 percent, while industry and construction rose 3.74 percent, with services up 6.82 percent.
The cited three sectors contributed 8.84 percentage points, 28.87 percentage points and 62.29 percentage points to the overall growth, respectively, said the office.

In the fourth quarter alone, the Southeast Asian country saw economy expand 6.72 percent year-on-year.—Xinhua

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