Vietnam’s GDP rises by 13.67% in Q3 led by U.S. exports

The three months posted such high growth as the same period last year which saw the COVID-19 pandemic breaking out strongly and seriously affecting production and business activities.

With upbeat signs reported in almost all aspects between January and September, the GDP was estimated to rise 8.83% for the period, the highest nine-month growth recorded in 2011-2022.

In the context, the GSO also pointed out that the agro-forestry-fishery sector grew by 2.99% in the first nine months.

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The industry and construction, meanwhile, increased by 9.44%; and service rose by 10.57%.

Regarding GDP use, final consumption expenditure climbed 7.26% over the same period last year; accumulated assets rose by 5.59%; exports of goods and services up 8.94%; and imports of goods and services up 4.74%./.

In early September, the International Monetary Fund raised its projection for Vietnamese growth in 2022 to 7%, up 1 percentage point from three months earlier.