Vietnam’s gross domestic product (GDP) in the first nine months of this year increased by 4.24% compared to the same period of the previous year, the General Statistics Office (GSO) announced on September 29.
In the third quarter, the country’s economic growth rate was estimated at 5.33% compared to the same quarter in 2022.
The GSO assessed that although the nine-month growth rate is only higher than those of the same period in 2020 and 2021 in the last 12 years, it showed a positive trend of gradual increase throughout the quarters: 3.28% in the first quarter, 4.05% in the second and 5.33% in the third.
In the January-September period, the agroforestry-fishery sector grew by 3.72%, contributing 8.03% to the total added value of the economy as a whole. The growth rates of the industrial and construction sector and the service industry were 5.19% and 6.24%, with contribution ratios of 38.63% and 53.34%, respectively.
Amid the common difficulties and challenges of the global economy, most international organizations have revised downwards their forecasts for Vietnam’s growth rate for 2023, based on the results and forecasts of domestic production and business activities. and the impact of the global economy.
In the third quarter, the country’s economic growth rate was estimated at 5.33% compared to the same quarter in 2022
The Vietnamese Government and Prime Minister Pham Minh Chinh have ordered ministries, sectors and localities to apply drastic measures to resolve difficulties, promote growth and maintain macroeconomic stability and major balances in the economy./.
Article republished from the Vietnamese state media VNA within the framework of an agreement between both parties to share content. Link to the original article: https://en.vietnamplus.vn/vietnam-s-nine-month-gdp-increases-by-4-24/268797.vnp