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.

Vietnam's economy expands 8.83% during the January-September period.

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%.

Regarding GDP use, final consumption expenditure climbed 7.26% over the same period last year; accumulated assets rose by 5.59%; exports of goods and services up 8.94%; and imports of goods and services up 4.74%.

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.

Key sectors drive H1 GDP growth

Vietnam's Q2 GDP rose to highest in a decade with growth in most key economic sectors, but inflation remained a concern.

GDP in first half of 2022 up 6.42%

Vietnam’s gross domestic product (GDP) in the first six months of 2022 expanded 6.42%, higher than the 5.74% recorded in the same period last year.

Q2 GDP growth highest since 2011

Vietnam’s GDP rose 7.72 percent year-on-year in Q2, the highest since 2011, driven by a strong rebound in manufacturing as the economy recovers from two years of Covid-19.

Industrial parks, economic zones make important contributions to GDP growth

Vietnam has about 335 industrial parks across the country together with 17 economic zones, which play an important role in investment attraction and State budget collection.

Source: VNA