Vietnam’s GDP expands 5.05 percent in 2023: stats office

December 29, 2023

Vietnam’s gross domestic product (GDP) grew 5.05 percent this year, lower than its target of 6.5 percent, according to the General Statistics Office (GSO). During the 2011-23 period, the country's 2023 GDP growth was higher than that in 2020 and 2021, when the COVID-19 pandemic hit the country, the GSO informed at a press conference in Hanoi on Friday. The statistics office revealed that Vietnam’s GDP is now estimated at US$430 billion. Retail sales of goods and services totaled VND6,200 trillion ($255.5 billion) in 2023, picking up 9.6 percent over the previous year. As a result, the country enjoyed a trade surplus of $28 billion, surging $16 billion compared with last year.

The source of this news is from Tuoi Tre News