GDP growth accelerates to 5.33% in third quarter

Viet Nam's GDP growth accelerated to 5.33 percent in July-September period compared to 3.28 percent and 4.05 percent respectively in the first and second quarter, the General Statistics Office (GSO) said Friday.

GDP growth accelerates to 5.33% in third quarter - Ảnh 1.

The above figure is quite positive as the economy sustained growth momentum quarter to quarter amid global headwinds.

Viet Nam's economy remains resilient, and recovery is expected to pick up in the near term, Asian Development Bank Country Director for Viet Nam Shantanu Chakraborty told reporters Wednesday.

The international lender said Viet Nam's economic growth is expected to reach 5.8 percent in 2023 and 6.0 percent in 2024, mainly due to weak external demand.

The GSO reported that industrial production grew by 4.57 percent in the third quarter and 1.65 percent in the first nine months against the same periods last year.

Meanwhile, consumer price index increased by 2.89 percent in the third quarter compared to the previous quarter and 3.16 percent on year./.

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