VIETNAM, October 21 –
HÀ NỘI – Việt Nam’s GDP grew by 13.7 per cent year-on-year in the third quarter of this year and 8.9 per cent over the first three quarters, according to a report released by the World Bank (WB) on October 20.
The bank’s October report, Vietnam Macro Monitoring, shows that industrial production and retail sales posted another month of high growth rates (13.0 per cent and 36.1 per cent year-on-year) which could be attributed both to strong economic activities and to the low-base effects.
Both export and import growth moderated in September due to weakening demand from major export markets. FDI commitment fell in September, affected by the heightened uncertainty about global economic prospects while FDI disbursement continued to improve, the report says.
Despite softening energy prices,…
