Vietnam’s GDP growth reaches 8.02% in 2022

Thursday, 29/12/2022 18:15
Vietnam’s GDP growth reaches 8.02% in 2022, a record high in the period of 2011-2022 as the economy is recovering strongly.

Vietnam’s GDP growth reaches 8.02% in 2022 (Photo: VNA) 

The information was released by General Director of the General Statistics Office (GSO) Nguyen Thi Huong at a press conference in Hanoi on December 29, said the Vietnam News Agency.

The agro-forestry-fishery sector expanded by 3.36%, contributing 5.11% to the total added value of the whole economy. The industry-construction sector grew by 7.78%, contributing 38.24% while the service industry rose by 9.99%, making a 56.55% contribution to the economy.

About the economic structure 2022, the agro-forestry-fishery sector accounted for a proportion of 11.88%, industry and construction 38.26%, services 41.33% and product taxes, exclusive of product subsidies, 8.53%.

With an annual growth of 7.18%, final consumption contributed to 49.32% of the general growth. Asset accumulation rose by 5.75%, contributing 22.59%, while trade in exports, imports and services adding 28.09%.


GSO General Director Nguyen Thi Huong (Photo: VNA)

GDP per capita was estimated at 95.6 million VND (4,110 USD), up 393 USD from 2021 while labour productivity was at 188.1 million VND (8,083 USD)/labourer, marking a year-on-year rise of 622 USD year on year.

Thanks to the Government's and Prime Minister’s directions, the macro-economy remained stable with inflation put under control and major balances guaranteed. Improved business environment and social security have also contributed to socio-economic recovery and development, thus garnering trust and support of the people and business community, Huong stressed.

Vietnam named among top 20 best cuisines in the world

The nation has been listed among the top 20 countries in the world with the best cuisines, as compiled by renowned international food magazine TasteAtlas.

TasteAtlas released a collection of the top 100 world’s cuisines, ranking them according to audience votes for ingredients, dishes, and beverages, reported by Radio the Voice of Vietnam.

Vietnam came in a respectable 20th place.


Banh Mi Phuong is named as one of the best banh mi's restaurant in Hoi An (Photo: Internet) 

The magazine suggested that visitors to the country same some of the best rated food the nation has to offer, including Phu Quoc Fish Sauce, Pho (Vietnamese noodle soup), Banh mi heo quay (Banh mi with roasted pork belly), and bun cha (vermicelli with grilled pork and fresh herbs). Other popular dishes include Bun bo Hue (Hue beef noodle soup) and Com Tam (Broken Rice).

This comes after Pho was also ranked 34th in a list of the 100 most popular dishes by TasteAtlas.

Italy topped the international list, followed by Greece, Spain, Japan, and India.

Saigon hi-tech park earns 23 billion USD from exports

The Saigon Hi-Tech Park (SHTP), home to 162 projects worth over 12 billion USD, obtained 23 billion USD from exports in 2022.

According to the Vietnam News Agency, the export turnover was more than 10 billion USD and 20.9 billion USD in 2017 and 2021, respectively.


Saigon hi-tech park earns 23 billion USD from exports – Photo for illustration (Source: VNA) 

According to Le Thi Bich Loan, deputy head of the SHTP management board, the park has become a trustworthy destination for global high-tech powerhouses with the presence of over 10 international conglomerates in the field, including Intel, Jabil, Rockwell Automation, Nidec, Nipro, Samsung, and Sonion.

Established in 2002, the park has seen its accumulated production value reaching 120 billion USD so far. It now houses 51 foreign-invested projects worth 10.1 billion USD.

By 2025, the SHTP aims to become a smart technology park and the core of the interactive and innovative urban area in Ho Chi Minh's eastern part, contributing to the city’s socio-economic development. In addition, it plans to attract investment of around 3 billion USD in 50 hi-tech projects and establish at least one global hi-tech enterprise.

To achieve these goals, the park is going to accelerate investment projects for its scientific space with a total surface area of 93ha. It will increase the link between its enterprises and universities and research institutes in the region, especially the Vietnam National University-HCM City (VNU-HCM), in order to increase the proportion of hi-tech products by domestic companies.

Vietnam records trade surplus of over 11.2 billion USD

Vietnam’s import-export turnover in December is estimated at 58.82 billion USD, up 2.7% over the previous month, pushing the total in the whole year to 732.5 billion USD, a year on year rise of 9.5%, with a trade surplus of 11.2 billion USD, according to the General Statistics Office (GSO).

GSO General Director Nguyen Thi Huong said that this year, the domestic economy has recovered rapidly with an increase in domestic production cost and prices of input materials for exports.


Vietnam records trade surplus of over 11.2 billion USD - Photo for illustration (Source: VNA) 

The office reported that export revenue is estimated to reach 29.66 billion USD in December, 89.5 billion USD in the fourth quarter and 371.85 billion USD in the whole year, up 10.6% year on year, with 276.76 billion USD coming from the foreign-invested sector, accounting for 74.4%, reported by the Vietnam News Agency.

In the year, 36 product groups enjoy export revenue of over 1 billion USD each, with eight earning over 10 billion USD each.

Meanwhile, Vietnam spent about 29.16 billion USD on imports in December, 85.07 billion USD in the fourth quarter and 360.65 billion USD in the whole year, an increase of 10% year on year.

In 2022, the import revenue of 46 products exceeded 1 billion USD, including six reaching over 10 billion USD.

In the year, the country also exported about 12.9 billion USD worth of services, a surge of 145.2% year on year./.

Compiled by BTA