At a press conference in Hanoi on July 5, NSO Director Nguyen Thi Huong highlighted that this was a positive result, reflecting the whole political system’s determination, concerted efforts, and drastic actions in managing and implementing socio-economic development tasks amidst regional and global volatility.
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Hateco Hai Phong International Container Terminal |
Breaking down the GDP by sectors, agro-forestry-fishery expanded by 3.84%, industry and construction by 8.33%, and the services sector by 8.14%, contributing 5.59%, 42.4%, and 52.21%, respectively, to the overall growth.
Farming activities maintained stable growth, meeting both domestic consumption and export demands. Agricultural value-added increased 3.51% compared to the same period last year, while that of the forestry sector rose 7.42% but with minimal impact due to its smaller share, and the fisheries sector 4.21%.
The industrial and construction sector saw notable gains, with the overall industrial index rising 8.07% against the same time last year. In the meantime, the processing and manufacturing industry was the motive of the economy, posting a 10.11% growth.
The electricity production and distribution sector grew by 4.2%, while water supply and waste management services expanded by 7.3%. The construction industry delivered exceptional performance with 9.62% growth, the highest rate compared to the same period from 2011 to 2025. In stark contrast, the mining sector contracted 4.25%.
Several service industries showed impressive performance across the board. Wholesale and retail trade increased by 7.03%, transportation and warehousing 9.82%, and financial, banking, and insurance activities 6.53%. The hospitality and catering sector experienced strong growth of 10.46%.
Public service sectors also recorded significant expansion as part of the country's organizational restructuring, with administrative and support services activities growing by 14.58%, while activities of the Party, socio-political organizations, state management, national security and defense, and mandatory social security rising by 13.09%.
The economic structure in the first half saw agriculture, forestry, and fisheries accounting for 11.28% of GDP, industry and construction representing 36.96%, services comprising 43.40%, and taxes less subsidies on products making up 8.36%.
Source: VNA