Ho Chi Minh GDP growth reaches 10,3% in 2011

Ho Chi Minh City ‘s Gross Domestic Product ( GDP) growth is estimated to have increased 10.3% in 2011, the city’s General Statistics Office (GSO) said.

The city’s GDP is estimated at VND503.28 trillion, increasing 10.3% from 2010 but lower than the earlier target of 12% and down 1.5% compared with growth rate of 2010 (11.8%), the City’s GSO added.

However, the GDP growth rate of agriculture, forestry and fisheries is at 6%, higher than earlier plan of 5%. The sector growth is estimated at VND5.55 trillion, accounting for 1.1% of the city’s GPD.

Construction and Service sectors post a lower GDP growth than their targets. The construction sector growth is at VND224.38 trillion, accounting for 44.6% of the city’s GDP and the service sector posts VND273.30 trillion or 54.3% GDP.

Source TEI/StoxPlus

Tags: Vietnam economic, Vietnam economic growth, Vietnam economy, Vietnam economy 2011, Vietnam GDP 2011

Posted by VBN on Dec 21 2011. Filed under Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry