Vietnam reports Q2 economic growth at 7.72%, highest since 2011

The growth was driven by a strong rebound in manufacturing as the economy recovers from two years of the Covid-19 pandemic.

The achievement contributed to Vietnam’s economic growth in the first half to 6.42 percent, the highest in three years.

Last year, the growth rate was recorded at 5.74% in the first 6 months of 2021 but lower than the growth rate of 7.28 % and 6.98% of the same period in 2018 and 2019.

Industry and construction increased by 7.70 percent on-year, contributing 48.33 percent to the GDP growth while the service and agriculture-forestry-aquaculture respectively contributed 46.60 percent and 5.07 percent.

The processing and manufacturing industry was the growth engine of the whole economy with an increase of 9.66 percent.