Vietnam’s gross domestic product (GDP) in 2021 is estimated to expand by 2.58 percent from the previous year as the COVID-19 pandemic has imposed adverse impacts on all fields of the national economy, General Director of the General Statistics Office (GSO) Nguyen Thi Huong has said.
Hanoi (VNA) – Vietnam’s gross domestic product (GDP) in 2021 isestimated to expand by 2.58 percent from the previous year as the COVID-19 pandemic has imposed adverse impacts on all fields of the national economy, General Director of theGeneral Statistics Office (GSO) Nguyen Thi Huong has said.
Speaking at a press conference announcing socio-economicfigures in the fourth quarter and the whole year on December 29, Huong saidthat GDP in the fourth quarter is estimated to increase by 5.22 percent overthe same period last year, adding that the figure was higher than the growth rate of 4.61 percent of thefourth quarter of 2020 but lower than the average growth rates of the fourthquarters in the 2011-2019 period.
The agro-forestry-fishery sector grew by 3.16 percent;the industry and construction rose by 5.61 percent; and the service sector expanded by 5.42percent in the fourth quarter.
In the whole year, the agro-forestry-fishery sectorincreased by 2.9 percent, contributing 13.97 percent to the growth rate of the totaladded value of the whole economy; the industry and construction sector up by 4.05percent, contributing 63.80 percent; and the service sector rose by 1.22 percent,contributing 22.23 percent.
In the year, final consumption rose by 2.09 percent against2020; while accumulated assets increased by 3.96 percent; exports of goods andservices hiked by 14.01 percent; and imports were up by 16.16 percent.
Labour productivity of the whole economy at the current pricein 2021 is estimated at 171.3 million VND (7,398 USD) per worker, 538 USD higherthan that of 2020. The labour productivity in 2021 increased by 4.71 percentdue to improved qualifications of workers with the proportion of trainedworkers with degrees and certificates in 2021 reaching 26.1 percent, higher thanthe 25.3 percent of 2020.
According to the official, along with policies to ensure social security,the consensus of administrations at all levels, sectors and localities, and the consensus,support, sharing and active participation of people from all walks of life and thebusiness community, Vietnam has achieved encouraging socio-economic developmentresults./.
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Illustrative image (Photo: VNA) 
