During a conference on October 10 to announce the macro-economic report, the VEPR reviewed the second-quarter macro-economic performance and quoted statistics from the General Statistics Office as saying that the Vietnamese economy grew by 7.31 percent in the third quarter.

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Economist Can Van Luc highlighted bright spots in exports, improved competitiveness and lesser reliance on banking credit.

According to Luc, credit contributed to 57 percent of the total social investment during the 2016 – 2017 period, which was reduced to about 46 percent in 2018 and in the first nine months of 2019, proving that private capital and foreign direct investment have become stronger and more effective.

Associate Professor Pham The Anh said industry and construction led the country’s economic growth, which was partly attributable to the growth of the mining sector, especially coal mining.

The Purchasing Managers’ Index ended at 50.5 point in late September, the lowest in the recent two years, he said.

He predicted that the Vietnamese economy will become less certain later this year due to the impacts of external shocks in the world.

Growth of economic sectors in the first nine months of 2019

In the first nine months of 2019, industry and construction sector makes up 52.6 percent of the overall economic growth.

Bac Giang implements specific local policies to mobilize resources for economic development and ensure social security

(BGO) – Over the past time, many resolutions with specific local policies issued by the People's Council of Bac Giang province have been implemented effectively. These are policies to create favorable conditions for production development, generate jobs and improve people’s incomes and living conditions, thus creating positive socio-economic changes in the province.

Representative from Lower Silesian Economic Cooperation Agency, Poland seeks community-based tourism development opportunity in Bac Giang

(BGO) - Roman Kozłowski, President of Lower Silesian Agency of Economic Cooperation Ltd, Poland had a meeting with the provincial Center for Investment Promotion and Enterprise Development about community-based tourism development in Bac Giang province.

PM chairs meeting of sub-committee on socio-economic affairs

Prime Minister Nguyen Xuan Phuc chaired a meeting of the sub-committee on socio-economic affairs for the 13th National Party Congress in Hanoi on August 8. 

Positive signs seen in socio-economic situation

Prime Minister Nguyen Xuan Phuc on August 1 said that the national socio-economic situation experienced positive changes in July. 

Source: VNA