JavaScript is off. Please enable to view full site.

Vietnam’s GDP grows 2.12% in Jan-Sept, slowest in decade: General Statistics Office

Vietnam’s GDP grows 2.12% in Jan-Sept, slowest in decade: General Statistics Office

Tuesday, September 29, 2020, 15:35 GMT+7
Vietnam’s GDP grows 2.12% in Jan-Sept, slowest in decade: General Statistics Office
Officials from the General Statistics Office of Vietnam chair a press meeting in Hanoi on September 29, 2020. Photo: Bao Ngoc / Tuoi Tre

Vietnam’s GDP expanded 2.12 percent in January-September, with almost 99,000 new companies established and a trade surplus of nearly US$17 billion recorded in the period, according to the General Statistics Office.

The figures were announced at a press conference in Hanoi on Tuesday.

The GDP expansion is the slowest in the 2011-20 period, said Nguyen Thi Huong, director general of the General Statistics Office.

But it is still Vietnam’s great success given the impacts of the COVID-19 pandemic on the global economy, Huong noted.

Agriculture, forestry, and aquatic products contributed 13.62 percent to the national GDP growth, industry and construction 53.35 percent, and service 28.03 percent, the office elaborated.

The number of newly-established companies decreased 23.1 percent year on year to 10,300 in September, registering a combined capital of VND203,300 billion ($8.8 billion), down 29.6 percent compared to the same period last year, Huong said.

The new firms registered 83,000 employees, a drop of 13.8 percent year on year, she added.

Almost 99,000 companies were set up in January-September, down 3.2 percent year on year, with a total registered capital of VND1,428,500 billion ($61.7 billion), an annual rise of 10.7 percent,  and 777,900 employees, a 16.3 percent fall year on year.

Vietnam’s exports reached $202.86 billion in the same period, up 4.2 percent compared to the same period last year, with shipments earning the country $80.07 billion in third quarter alone.

The Southeast Asian country has recorded a trade surplus of $16.99 billion in the year to date.

It reported a CPI increase of 3.85 percent year on year, September seeing a 0.12 percent climb.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news