Vietnam’s GDP grows 2.58% in 2021

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(VOVWORLD) -Vietnam’s Gross Domestic Product (GDP) in 2021 is estimated to grow 2.58% over the previous year due to the COVID-19 pandemic affecting all sectors of the economy, the General Statistics Office said on Wednesday.  
Vietnam’s GDP grows 2.58% in 2021  - ảnh 1(Illustration: nld.com.vn)

The Office called the GDP growth figure a success of Vietnam’s COVID fight and maintaining production and business, especially in the third quarter of 2021, when many key economic localities underwent prolonged social distancing.  

The General Statistics Office of the Ministry of Industry and Trade told a media conference on Wednesday in Hanoi that Vietnam's economy showed some positive signs. In December, foreign direct investment (FDI) increased by 4.69 billion USD, the most impressive figure in last month's economic picture, contributing to the overall growth.

Total import-export turnover reached over 668.5 billion USD, of which exports earned 336.25 billion USD, up 19% compared to 2020. There were 35 goods with export turnover of over 1 billion USD. 2021 also saw a trade surplus of 4 billion USD, marking the 6th consecutive year that Vietnam achieved a trade surplus.

The impressive growth of exports in 2021 is a bright spot in Vietnam’s economic development thanks to the efforts of the Government, sectors, localities, people and businesses in realizing the dual goal of effectively fighting pandemic and restoring and promoting economic development. Currently, Vietnam's exported goods have penetrated most of the world's markets.

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