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Home >> Business
UPDATED: 08:46, September 30, 2005
Vietnam posts GDP of 8.1 pct in first 9 months
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Vietnam is estimated to record gross domestic product (GDP) growth of 8.1 percent in the first nine months of this year, according to the General Statistics Office on Thursday.

In the period, the industry sector, which posted a growth rate of 19.8 percent, contributed 4 percent to the country's GDP growth. Meanwhile, the service sector and the agriculture, forestry and fishery sector, which saw respective growth rates of 8.2 percent and 5.3 percent, made up 3.3 percent and 0.8 percent of the GDP increase, respectively.

Between January and September, Vietnam is estimated to obtain export revenues of 23.5 billion US dollars, a year-on-year rise of 21.1 percent, and import revenues of nearly 27.4 billion dollars, up 19.2 percent.

However, Vietnam, in the period, still saw high consumer price index (CPI), which is estimated at 6.8 percent, higher than the target of 6.5 percent set for the whole year.

Vietnam has targeted this year's GDP growth for 8.5 percent, up from 7.7 percent last year. To this end, it is focusing on raising efficiency of state investment, fostering the private and foreign- owned sector, boosting export, revitalizing services, and accelerating international economic integration and administrative reform.

Source: Xinhua


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