This comes as the country’s GDP in the first, second, and third quarter inched up 5.05%, 7.83%, and 13.71%, respectively.

The agro-forestry-fishery sector continued to represent the main growth driver of the national economy with a rise of 3.36%, duly contributing 5.11% to the added value of the entire economy.

Furthermore, the industrial and construction sector increased by 7.78%, thereby contributing 38.24% to the national economy.

In terms of the overall figure, the processing and manufacturing industry continued to play a key role in leading economic growth with an increase of 8.10%, contributing 2.09 percentage points to the entire economy’s total added value

Moreover, the service sector enjoyed a strong recovery with this year’s growth rate reaching 9.99%, the highest level in the 2011 to 2022 period.

A number of market service industries also saw sharp increases, thereby making a significant contribution to the economy’s total added value, including wholesale and retail which rose by 10.15%, transportation and warehousing up 11.93%, and accommodation and food services up 40.61%.

The GSO also noted that as many as 208,300 new enterprises have been either established or returned to operation, an increase of 30.3% against the previous year, while the number of firms withdrawing from the market reached 143,200, up 19.5%.

The total retail sales of consumer goods and services is estimated to stand at VND5.6 billion, up 19.8% from the previous year.

Foreign arrivals to the nation hit 3,661 million this year, a 23.3-fold boost compared to the previous year, although a decline of 79.7% compared to the pre-pandemic era in 2019.

As of December 21, the total means of payment increased by 3.85% in comparison to the end of 2021, while capital mobilisation from credit institutions rose by 5.99%.

The export turnover of goods was estimated to be US$371.85 billion, up 10.6% over the previous year, while the import turnover of goods edged up 8.4% to reach US$360.65 billion compared to the previous year.

Moving forward, the country is forecast to enjoy a trade surplus of US$11.2 billion this year, particularly as the United States has become the largest Vietnamese export market with an estimated turnover of US$109.1 billion. Elsewhere, China remains the country’s largest importer with an estimated turnover of US$119.3 billion.

The total realised investment capital of the entire society rose by 11.2% over the previous year. As of December 20, the total registered foreign investment capital in the nation was estimated to be at nearly US$27.72 billion, a decline of 11% compared to the previous year.

However, the total disbursed FDI surged by 13.5% to reach US$22.4 billion on-year, the highest level over the past five years.

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