Vietnam’s economic growth quickened to 7.31 percent in the third quarter year-on-year, the General Statistics Office (GSO) said on Saturday.
The processing and manufacturing industry grew 10.05% in July-September from a year earlier, while the services sector rose 7.11% and the agricultural sector was up 1.53%, the GSO said in a statement. Khanh Vu reports on Reuters.
It also revised up second-quarter gross domestic product (GDP) growth to 6.73% from 6.71%.
The Asian Development Bank said on Wednesday it maintained its forecast for Vietnam’s growth for this year at 6.8%, and for next year at 6.7%.
The head of the GSO said last month Vietnam would revise up the size of its GDP by 25.4% for the 2011-2017 period.
Vietnam could end the year with an inflation rate of less than 3%, lower than the government’s 4% target as food prices remain stable, said Do Thi Ngoc, head of the consumer prices department at the General Statistics Office.
Vietnam’s nine-month agricultural output growth slowed to 2.02% from 3.7% a year earlier, said Le Trung Hieu, head of agriculture in the statistics office. African swine fever has reduced the nation’s hog herd by 19%, contributing to the decelerating of agriculture production growth, Mr Hieu added.