GDP is trending positively.

This GDP growth rate, although only higher than the growth rate of the same period in 2020 and 2021 in the period 2011 - 2023, shows a positive trend (first quarter increased by 3.28%; second quarter increased by 4.05%; third quarter increased by 5.33%).

GDP in the third quarter and the first nine months of the year shows positive signs

Of which, the agriculture, forestry and fishery sector increased by 3.72%, contributing 8.03% to the total added value of the whole economy; the industry and construction sector increased by 5.19%, contributing 38.63%; the service sector increased by 6.24%, contributing 53.34%.

In the first 9 months of the year, GDP increased by 4.24% over the same period last year, only higher than the growth rate of 2.19% and 1.57% in the same period of 2020 and 2021 in the period 2011 - 2023.

In the total added value growth of the entire economy, the agriculture, forestry and fishery sector increased by 3.43%, contributing 9.16%; the industry and construction sector increased by 2.41%, contributing 22.27%; the service sector increased by 6.32%, contributing 68.57%.

In the agriculture, forestry and fishery sector: winter-spring and summer-autumn rice yields were quite good, the output of some major perennial crops increased compared to the same period last year; livestock development was stable, aquaculture achieved positive results.

In the first 9 months of the year, the construction industry's contribution to GDP growth was quite modest.

In the industrial and construction sector: the industry faces many difficulties and challenges in the context of declining global demand. The added value of the entire industry in the first 9 months of the year increased by only 1.65% over the same period last year, the lowest increase in the same period in the period 2011 - 2023, contributing 0.56 percentage points to the growth rate of the total added value of the entire economy.

Of which, the processing and manufacturing industry increased by 1.98%, the lowest increase in the same period of the years in the period 2011 - 2023, contributing 0.51 percentage points; the construction industry increased by 6.17%, contributing 0.42 percentage points.

In addition, the trade and tourism sectors maintained high growth momentum, contributing positively to the growth of the service sector. The added value of the service sector in the first 9 months of the year increased by 6.32% over the same period last year, higher than the increase of 1.87% and the decrease of 0.05% in the same period in 2020 and 2021.

Regarding the economic structure in the first 9 months of the year, the agriculture, forestry and fishery sector accounted for 11.51%; the industry and construction sector accounted for 37.16%; the service sector accounted for 42.72%...

Regarding GDP use in the first 9 months of the year, consumption increased by 3.03% over the same period in 2022, contributing 34.30% to the overall growth rate of the economy; asset accumulation increased by 3.22%, contributing 19.35%; export of goods and services decreased by 5.79%; import of goods and services decreased by 8.19%; the difference between export and import of goods and services contributed 46.35%.

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