Economic Indicators
Vietnam Q3 GDP grows 7.4% on robust exports, industrial production
2024.10.05 22:40
HANOI (Reuters) – Vietnam’s gross domestic product (GDP) grew 7.4% year-on-year in the third quarter on the back of strong exports and industrial production, government data showed on Sunday.
Consumer prices in September rose 2.63% from a year earlier, the General Statistics Office said in a report. Industrial production in the month rose 10.8% and retail sales rose 7.6%, it added.
Third-quarter GDP showed the highest quarterly expansion in two years, despite the impact of Typhoon Yagi which hit the country last month.
Exports in September rose 10.7% from a year earlier to $34.05 billion, while imports were up 11.1% at $31.76 billion, the statistics office said. This resulted in a trade surplus of $2.29 billion.
