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| Container trucks operate at the Gemalink International Port, part of the Cai Mep port complex, in Tan Phuoc ward, Ho Chi Minh City__Photo: VNA |
Vietnam's economy grew an estimated 8.39 per cent year-on-year in the second quarter of 2026, with all major sectors posting solid gains despite persistent global uncertainties, according to the National Statistics Office (NSO).
Releasing the country's socio-economic data for the second quarter and the first half of the year on July 3, NSO Director Nguyen Thi Huong said Vietnam sustained positive growth across most industries and sectors despite a challenging international economic environment.
In the April–June period, agriculture, forestry and fisheries expanded 4.06 per cent, contributing 5.65 per cent to total value-added growth. Industry and construction recorded the strongest performance, growing 10.51 per cent and accounting for 50.07 per cent of overall growth, while services rose 7.87 per cent, contributing 44.28 per cent.
For the first six months of 2026, GDP increased 8.18 per cent from a year earlier, compared with growth of 7.63 per cent in the same period of 2025.
During the period, agriculture, forestry and fisheries grew 3.87 per cent, contributing 5.66 per cent to overall economic growth. Industry and construction expanded 9.81 per cent, accounting for 47.2 per cent of total growth, while services rose 8.09 per cent, contributing 47.14 per cent.
Agriculture continued to deliver steady growth, supported by stable domestic demand and expanding export markets. Agricultural value added rose 3.57 per cent, contributing 3.83 percentage points to overall growth, while forestry and fisheries grew 3.98 per cent and 4.88 per cent, respectively.
The industrial sector maintained strong momentum, driven by recovering export orders, strengthened growth drivers and the positive impact of public investment. Industrial value added increased 9.86 per cent in the first half, contributing 40.35 per cent to total economic growth.
Manufacturing remained the key growth engine, expanding 10.23 per cent and contributing 33.07 per cent to overall growth. Electricity production and distribution rose 9.34 per cent, while water supply, waste management and wastewater treatment services increased 7.72 per cent.
The services sector also posted robust growth, buoyed by stronger consumer spending and vibrant trade, transport and tourism activities. Several major service industries, including transport and warehousing, wholesale and retail trade, accommodation and food services, and finance, banking and insurance, continued to deliver solid performance.
In the first half of 2026, agriculture, forestry and fisheries accounted for 10.61 per cent of GDP, followed by industry and construction at 37.66 per cent, services at 43.52 per cent, and product taxes less subsidies on products at 8.21 per cent.
On the demand side, final consumption rose 8.15 per cent year-on-year, gross capital formation jumped 15.2 per cent, exports of goods and services increased 20.18 per cent, while imports grew 26.44 per cent.- (VNA/VLLF)
