At the press conference on socio-economic data for the third quarter of 2024 held on the morning of October 6, Director General of Statistics Nguyen Thi Huong said that the gross domestic product (GDP) in the third quarter of 2024 is estimated to increase by 7.4% over the same period last year.
Of which, the agriculture, forestry and fishery sector increased by 2.58%, only higher than the growth rate of the same period in 2021 in the 2020-2024 period, contributing 4.08% to the total added value growth of the entire economy.
The industrial and construction sector increased by 9.11%, contributing 48.88%, of which the processing and manufacturing industry was the bright spot of the economy with a growth rate of 11.41%, the highest growth rate in the same period in the past 6 years; the service sector increased by 7.51%, contributing 47.04%.
Regarding GDP use in the third quarter of 2024, final consumption increased by 7.02% over the same period last year, contributing 59.78% to the overall growth rate of the economy; asset accumulation increased by 7.08%, contributing 39.03%; export of goods and services increased by 15.68%; import of goods and services increased by 15.84%; the difference between export and import of goods and services contributed 1.19%.
GDP in the first 9 months of 2024 is estimated to increase by 6.82% over the same period last year. Of which, the agriculture, forestry and fishery sector increased by 3.20%, contributing 5.37% to the total added value of the whole economy; the industry and construction sector increased by 8.19%, contributing 46.22%; the service sector increased by 6.95%, contributing 48.41%.
Directorate Directorate Statistics assessed that the agriculture, forestry and fishery sector was severely affected by storm No. 3 in September 2024, so growth was lower than the same period in previous years.
The added value of the agriculture, forestry and fishery sector in the first 9 months of 2024 increased by 3.20%, only higher than the growth rate of the same period in 2020 in the period 2020-2024.
Of which, the added value of the agricultural sector increased by 2.92% over the same period last year, contributing 0.25 percentage points to the growth rate of the total added value of the entire economy; the forestry sector increased by 4.96% but accounted for a low proportion so it only contributed 0.03 percentage points; the fishery sector increased by 3.73%, contributing 0.10 percentage points.
In the industrial and construction sector, production of many key industries increased sharply compared to the same period last year. The added value of the entire industry in the first 9 months of 2024 increased by 8.34% over the same period last year, contributing 2.71 percentage points to the growth rate of the total added value of the entire economy. Of which, the processing and manufacturing industry was the growth driver with a growth rate of 9.76%, contributing 2.44 percentage points. The construction industry increased by 7.48%, contributing 0.52 percentage points.
The trade, tourism and transport sectors maintained growth momentum, contributing positively to the growth of the entire economy. The added value of the service sector in the first 9 months of 2024 increased by 6.95% over the same period last year.
