Mon, 28 Nov 2022

Vietnam's GDP up 13.67 pct in Q3

Xinhua
29 Sep 2022, 17:49 GMT+10

HANOI, Sept. 29 (Xinhua) -- Vietnam's gross domestic product (GDP) posted a 13.67-percent year-on-year growth in the third quarter of this year, according to the country's General Statistics Office (GSO).

Such significant growth was partly due to low base of the same period last year because of the severe impacts the COVID-19 pandemic had on production and business activities, Vietnam News Agency reported Thursday.

With upbeat signs reported in almost all aspects from January to September, the country's GDP was estimated to rise 8.83 percent for the period, the highest nine-month growth recorded since 2010, according to the report.

Specifically, the industry and construction sector grew by 9.44 percent year-on-year over the nine months, with the service sector up by 10.57 percent, the GSO said.

Head of the GSO Nguyen Thi Huong said that over the period, Vietnam's macro-economy was stabilized, inflation was put under control, and the business investment environment had improved, which came as a result of the sound implementation of the government's policies on post-COVID-19 recovery and socio-economic growth, Vietnam News Agency reported.

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