Jan-Sept GDP growth lowest in a decade – VnExpress International


By Minh Son   &nbspSeptember 29, 2020 | 03:30 pm GMT+7
Jan-Sept GDP growth lowest in a decade  Jan-Sept GDP growth lowest in a decade - VnExpress International s3reutersmedianet1594885978183 6691 7340 1601355966

Labourers wear protective masks as they work at Ngoc Nu factory in Hanoi, June 1, 2020. Photo by Reuters/Kham.

Vietnam posted its lowest January-September GDP growth since 2011 at 2.12 percent, but, given Covid-19 impacts, officials deem this a “big success.”

The country’s third quarter GDP grew by 2.62 percent, higher than the previous quarter’s 0.39 percent, but lower than the first quarter’s 3.68 percent, the General Statistics Office reported Tuesday.

With the Covid-19 pandemic having seriously affected socio-economic activities worldwide, Vietnam’s growth was a great success, it said.

The industry and construction sector grew by 3.08 percent in January-September period, contributing 58.35 percent to the GDP. The corresponding figures for the agriculture sector were 1.84 percent and 13.62 percent, and for the services sector 1.37 percent and 28.03 percent.

Exports rose 4.2 percent year-on-year to $202.8 billion in the first nine months, while imports declined 0.8 percent to $185.8 billion.

As many as 38,600 businesses in Vietnam registered to temporarily suspend operations between January and September, up 81.8 percent year-on-year, according to General Statistics Office.

The nation’s consumer price index (CPI) increased 3.85 percent, the highest in the last five years.

Prime Minister Nguyen Xuan Phuc had said earlier that the country would strive to overcome the crisis by registering positive GDP growth this year, providing support packages to businesses and individuals.

Vietnam had enjoyed a 7.02 percent growth last year, the second highest in a decade behind the 7.08 percent in 2018.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Jan-Sept GDP growth lowest in a decade – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF