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Vietnam’s GDP grows 6.52% in nine months
Vietnam’s economy grew 6.52 percent in the past nine months, the Ministry of Planning and Investment (MPI) reported on Sept. 27.
The growth was hugely supported by industrial production value, which hit 574 trillion VND or a rise of 13.8 percent compared with the same period last year and exports, which rose 20 percent to 51.5 billion USD.
According to the MPI, the export figure was mainly contributed by the foreign direct investment sector and the rising prices of rubber, pepper, cassava, cashew nut, tea, rice and seafood in the world market.
In the past nine months, retail and service sales raked in 1,146 trillion VND, a rise of 25 percent compared to the equivalent period in 2009.
The ministry reported that the State had collected 360 trillion VND for its budget, which represented 78.2 percent of the yearly estimate.
Despite gains, the national economy still faced a high trade deficit, the MPI said, citing an import value of 60.08 billion USD, which represented a rise of 22.7 percent compared with the corresponding period last year.
The MPI predicted that prices of consumer goods would go up in the remaining three months because of the rising prices of input materials and commodities in the world market.
It asked relevant ministries and sectors to introduce detailed plans to retain the prices.
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