Vietnam posted GDP growth of 4.14 per cent year-on-year in the second quarter as difficulties in the global economy linger, according to the General Statistics Office (GSO).

At a press briefing on March 29 to release socio-economic figures for the second quarter and the first half of the year, Head of the GSO Nguyen Thi Huong said the Russia-Ukraine conflict continues, global inflation has fallen but remains high, central banks in many countries are still tightening monetary policy, and a number of Vietnam’s key trade partners are posting lower growth.

GDP growth in the first half was estimated at 3.72 per cent.

Growth in the second quarter was a positive sign amid the global difficulties and challenges, Ms. Huong said. The macro economy was stabilized, major balances in the economy were ensured, and inflation was kept under control.

The agriculture, forestry and fisheries sector recorded growth of 3.07 per cent in the period, industry and construction 1.13 per cent, and services 6.33 per cent.