Vietnam’s GDP rises by 13.67% in third quarter: GSO

Vietnam’s gross domestic product (GDP) grew by 13.67% in the third quarter, according to the General Statistics Office (GSO).
Vietnam’s GDP rises by 13.67% in third quarter: GSO
Vietnam’s GDP rises by 13.67% in third quarter: GSO. (Source: baocongthuong)

The three months posted such high growth as the same period last year which saw the COVID-19 pandemic breaking out strongly and seriously affecting production and business activities.

With upbeat signs reported in almost all aspects between January and September, the GDP was estimated to rise 8.83% for the period, the highest nine-month growth recorded in 2011-2022.

In the context, the GSO also pointed out that the agro-forestry-fishery sector grew by 2.99% in the first nine months.

The industry and construction, meanwhile, increased by 9.44%, contributing 41.79%; and service rose by 10.57%.

Regarding GDP use, final consumption expenditure climbed 7.26% over the same period last year; accumulated assets rose by 5.59%; exports of goods and services up 8.94%; and imports of goods and services up 4.74%.

Head of the GSO Nguyen Thi Huong said in the period, ministries, sectors and localities have drastically implemented the Government’s resolutions serving the nation’s programme for recovery and socio-economic growth.

As a result, macro-economy was stabilised, inflation put under control, major balances ensured, monetary and fiscal policies conducted flexibly and effectively, business investment environment improved positively, and social security guaranteed, she noted.

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(Source: VNA)