GDP in first nine months surges by 5.76 pct

(VOV) – Vietnam’s Gross Domestic Product (GDP) in the first nine months of the year rose by 5.76 percent, announced the General Statistics Office (GSO).

The industrial and construction sectors achieved the highest growth of 6.62 percent against the same period last year, followed by the services (6.24 percent) and agriculture, forestry and aquaculture (2.39 percent).

Some experts argue that this is no easy task in the face of complicated economic developments in the world, especially when there are no signs of improvement in European public debt.

Another reason is that the prices of some basic services and commodities will more often than not keep increasing on account of growing consumer demand before the Lunar New Year festival.

To realize the target of 6 percent set for the whole year, GDP should grow at a rate of 6.5 percent in the next few months.

Tags: Vietnam economic, Vietnam economic growth, Vietnam economy, Vietnam economy 2011, Vietnam GDP 2011

Posted by VBN on Sep 26 2011. Filed under Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry