Vietnam's 9-month GDP Sees Ten-year High at 8.16 per cent: GSO
Vietnam’s gross domestic product (GDP) is estimated to record the growth rate of 8.16 per cent in the first nine months, the record in the same period over the past ten years, reported the government’s General Statistics Office (GSO).
The economy grew higher over the quarters, with growth of 7.73 per cent in the first quarter, 7.98 per cent in the second quarter and 8.69 per cent in the third one.
In the January-September period, GDP is estimated to reach VND787.2 trillion (US$49.2 billion).
The industry and construction sector registered the highest growth at 10.15 per cent, valued at VND328 trillion, making up 41.67 per cent of total GDP.
The services sector, which contributed to 38.27 per cent of GDP with value of VND301.3 trillion, expanded 8.54 per cent from a year earlier.
The agricultural sector rose up only 3.02 per cent in the period. Its value was VND158 trillion, representing 20.06 per cent of the total GDP. The slow growth of the sector was attributed to epidemic outbreaks and reduced production of some localities.
Vietnam may attain economic growth of between 9 per cent and 9.5 per cent in the fourth quarter, lifting the whole-year growth rate to 8.4-8.5 per cent, higher than the rate of 8.17 per cent last year. (GSO)
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