Vietnam’s Q1 GDP growth at 5.43pct

As reported by the general Statistic Office (GSO), Vietnam’s gross domestic product (GDP) growth in Q1 this year increased 5.83 percent, lower than Q1 2010 but higher than 3.1 percent in Q1 2009.

According to GSO, the country’s GDP in Q1 2011 reached 109.313 trillion dong (basing on the comparison price of 1994), increasing 5.43 percent against Q1 2010 (5.83 percent).

Calculating according to the actual price, the country’s GDP in Q1 reached 441.707 trillion dong.

This figure was lower than the estimated figure (5.5 percent) given in the additional report of the deputy prime minister Nguyen Sinh Hung on March 21.

The service area contributed 6.28 percent to the country’s GDP growth and the contribution was 5.47 percent of industrial and construction areas and 2.05 percent from agricultural, forestry and fishery sectors.

Also according to the GSO, Vietnam’s total export turnover in Q1 increased 33.7 percent against the same period last year and the country’s total import value was up 23.8 percent from Q1 2010, giving the country’s trade gap in Q1 at over $3 billion.

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

Posted by VBN on Mar 25 2011. Filed under Economy News, GDP. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry