Vietnam - Vietnam's GDP growth in 2011 touches 5.89pct: GSO

Vietnam's GDP (gross domestic product) growth in 2011 is estimated at 5.89 percent from 2010, lower than the growth of 6.78 percent in 2010, according to general Statistics Office of Vietnam (GSO).

Of which, the country's GDP growth in the first quarter this year was 5.57 percent, Q2 at 5.68 percent, Q3 at 6.07 percent and Q4 at 6.1 percent.

This growth was lower than the GDP growth plan under the socio-economic resolution 2011 approved by the National Assembly in December 2010 at 7-7.5 percent and 6 percent growth target adjusted by the government in June 2010.

However, according to GSO, in the difficult context of production and the country gives priorities for taming inflation and stabilising the macro economy, this growth is still quite high and reasonable.

Of the 5.89 percent general growth of the economy, agro-forestry and fisheries sector increased 4 percent, making up 0.66 percent, industry and construction sectors grew 5.53 percent, contributing 2.32 percent and service sector grew 6.99 percent, making up 2.91 percent to the country's general growth.

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