At the press conference on the announcement of socio-economic statistics for the third quarter of 2022 taking place on the morning of September 29, the Director General of the General Statistics Office (GSO), the Ministry of Planning and Investment, Ms. Nguyen Thi Huong said: Many industries recovered strongly, helping the gross domestic product (GDP) in 9 months to increase by 8.83%, the highest level since 2011.

Regarding GDP use in the third quarter of 2022, final consumption increased by 10.08% over the same period last year, contributing 38.21% to the overall growth rate of the economy; accumulated assets increased by 8.7%, contributed 21.13%; exports of goods and services increased by 9.32%; imports of goods and services increased by 2.72%; the difference between import and export of goods and services contributed 40.66%.

In the general increase of the whole economy, the agriculture, forestry and fishery sector increased by 2.99%, contributing 4.04%; the industry and construction sector increased by 9.44%, contributing 41.79%; the service sector increased by 10.57%, contributing 54.17%. In the area of agriculture, forestry and fishery, the livestock industry has developed stably, and the timber exploitation has been promoted; aquaculture production has increased quite well to meet domestic consumption and export demand.

In the first nine months of this year, the agriculture sector increased by 2.43% over the same period last year, contributing 0.22 percentage points to the increase in total added value of the whole economy; the forestry sector increased by 5.2% but accounted for a low proportion, so it only contributed 0.03 percentage points; the fisheries sector increased by 4.43%, contributing 0.12 percentage points.

In the industry and construction sector, the industry tends to recover quickly with an increase of 9 months in 2022 reaching 9.63% over the same period last year, contributing 3.25 percentage points to the growth rate of total added value of the whole economy.

In which, the processing and manufacturing industry is the growth engine of the whole economy with an increase of 10.69%, only lower than the growth rate of the same period in 2011, 2017 and 2018, contributing 2. 74 percentage points. Construction industry increased by 8.55%, contributing 0.59 percentage points.

The service sector grew strongly with the growth rate of 9 months in 2022 reaching 10.57%, the highest of 9 months in 2011-2022. Regarding the structure of the economy in the first nine months of 2022, the agriculture, forestry and fishery sector accounts for 11.27%; industry and construction accounted for 38.69%; service sector accounted for 41.31%; taxes less subsidies on products accounted for 8.73%.

Regarding GDP use in the first nine months of 2022, final consumption increased by 7.26% over the same period in 2021, contributing 44.46% to the overall growth rate of the economy; accumulated assets increased by 5.59%, contributing 18.46%; exports of goods and services increased by 8.94%; imports of goods and services increased by 4.74%; the difference between import and export of goods and services contributed 37.08%.

Kylie Nguyen