Vietnam’s Q3 GDP grows 7.4pc year-on-year

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HANOI (XINHUA) – Vietnam’s gross domestic product (GDP) posted a 7.4 per cent year-on-year growth in the third quarter of this year, the country’s General Statistics Office (GSO) said yesterday.

Specifically, the sector of agriculture, forestry and fishery grew by 2.58 per cent against the same period last year, while the services up 7.51 per cent during the cited period.

The industry and construction sector grew 9.11 per cent. The processing and manufacturing industry hit six-year record at an 11.41-per-cent increase. Head of the GSO Nguyen Thi Huong said the country’s GDP in the first nine months of this year reported a 6.82 per cent year-on-year expansion.

The 3.2-per-cent growth of the agriculture, forestry and fishery sector in nine months remained lower than the previous years due to the severe impacts of Typhoon Yagi in September, she said.

Meanwhile the industry and construction sector grew by 5.37 per cent and services up 6.95 per cent in the nine-month period.

Flower stalls line the street in Hanoi, Vietnam. PHOTO: XINHUA