(VOV) - Vietnam's GDP in the first quarter (Q1) of this year reached 4 percent compared to the same period last year, according to the General Statistics Office.
Hanoi's GDP per capita to reach US$17,000 by 2030
In particular, processing industry growth decreased sharply. The growth of the industry was 3 percent, while last year the figure was 13 percent.
The low increase is attributed to the fact that production, domestic consumption and exports are meeting many difficulties.
Besides, GDP in the agro-forestry-fishery sector surged by 2.8 percent, while the figure in Q1 in 2011 was 3.65 percent. GDP of industry and construction was up 2.9 percent and service was up 5.3 percent.
At the same time, the Index of Industrial Production (IIP) grew 4.1 percent, the lowest level over recent years. The figure was 9.3 percent in 2011’s Q1.
The country’s GDP in the first three months of 2011 increased 5.57 percent against the same period of 2010.