Vietnam's 9-month GDP growth at 12-year high
Vietnam’s GDP growth in the third quarter of 2022 expanded by 13.67%, taking the country’s economic growth in the first nine months to 8.83%, the highest nine-month growth during the 2011-2022 period.
Vietnam’s gross domestic product (GDP) grew by 13.67% in the third quarter, according to the General Statistics Office (GSO). 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%.
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.
