Vietnam Q2 GDP growth accelerates to 4.14%, led by services

HANOI: Vietnam saw gross domestic product growth of 4.14% in the second quarter of this year, led by the services sector, government data showed on Thursday.

Growth in the second quarter was faster than an expansion of 3.28% in the first quarter, the General Statistics Office (GSO)said in a report. First quarter growth was revised down from 3.32%.

The services sector in the second quarter grew 6.11% from a year earlier, the GSO said. The agricultural sector grew 3.25%, while the manufacturing and construction sector expanded 2.50%.

Vietnam's exports in the first half of this year fell 12.1% from a year earlier, and its imports fell 18.2%, the GSO said.

The country's industrial output in the January-June period fell 1.2% from a year earlier, it added. - Reuters