Vietnam's GDP up 13.67 per cent in Q3, 2022

HANOI, Oct 1 (Xinhua): Vietnam's gross domestic product (GDP) posted a 13.67-per cent 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 per cent 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. - Xinhua

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Vietnam , GDP , Rising


Next In Aseanplus News

Asean News Headlines as at 9pm on Tuesday (Nov 29)
18 months’ probation for man who downloaded photos of children being sexually abused
Civil service committed to implement reform agenda under PM Anwar, says Chief Secretary to the Government�
Ex-boxing referee admits cheating to help Pacquiao win fight 22 years ago
Jokowi's volunteer rally riles party elites
King grants first audience to Anwar since his appointment as PM
Indonesia military chief seeks drills to counter China
Vietnamese movie wins first prize at international film festival in France
Cambodian boy visited by S. Korea’s first lady to get free treatment at top Seoul hospital
PM issues letter demanding apology from Baling MP over audio alleging Israel links

Others Also Read