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Drought, salination hurt economic growth in H1 (06/07)

06/07/2016 - 14 Lượt xem

The report on socio-economic performance in January-June was presented at a monthly cabinet meeting of the Government in Hanoi last week.

Minister of Planning and Investment Nguyen Chi Dung told the meeting that Vietnam’s gross domestic product (GDP) grew 5.55% in the second quarter, up from 5.48% in quarter one.

However, GDP growth cooled to 5.52% in the first six months of this year. The agro-aqua-forestry sector edged down 0.18%, while the manufacturing and construction sectors reported respective pickups of 7.12% and 6.35%.

According to the ministry, the construction sector in the period rose by 8.8%, the highest in six years. However, a slump of the agro-aqua-forestry sector, triggered by drought, salination and environmental pollution, left strong impacts on the country’s social-economic performance in the first six months.   

Prime Minister Nguyen Xuan Phuc said that to achieve 6.7% GDP growth as set by the National Assembly, different scenarios must be worked out to actively cope.

Source: The SaiGonTimes