Vietnam’s economic growth rate reached 4.66% in the second quarter of 2012, according to the General Statistics Office (GSO).
Last month in a report to the National Assembly, the Government predicted the economy would expand by 4.5% in the second quarter, slightly lower than the figure announced today.
Growth in gross domestic product (GDP) for the first half of 2012 stood at 4.38% over last year. The agriculture sector grew by 2.81%, industry and construction 3.81% and services expanded by 5.57%.
However, according to the GSO, growth figures in the first half of this year were lower than those in the same period of 2011 at rates of 3.89%, 5.78% and 6.21% for agriculture, industry and services respectively.
Last week, the GSO announced that consumer prices in June dropped 0.26% against May but were still up 6.9% from the same time a year earlier.