Business
GDP expands 5.14% in Jan-Sep: MoPI
  • | VGP | September 26, 2013 12:03 PM
Vietnam’s Gross Domestic Product (GDP) growth rate was estimated at 5.14% in the first nine months, according to the Ministry of Planning and Investment (MoPI).

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The figure was acceptable in the current difficult economic time, said MoPI Deputy Minister Dao Quang Thu.

The MoPI reported that the agro-forestry and fishery sector advanced 2.39% against the same period last year; construction and building 5.2%; service around 6.25%.

However, MoPI forecast that Vietnam is unlikely to fulfill the preset goal of a 5.5% GDP growth pace this year.

In January-September, 58,231 businesses were established with total registered capital of over VND 281 trillion (US$ 132 billion), up 11% in number but down 22% in capital against the same period last year.

Around 11,300 enterprises chiefly operating in wholesale, retail sales, automobile repair, construction and industrial manufacture resumed operation.

The country’s index of industrial production (IIP) saw year-on-year increase of 5.4%, signaling a promising sign.

Total export revenue valued at US$96.5 billion, posting a year-on-year surge of 15.7% of which the FDI sector (excluding crude oil) contributed US$ 58.4 billion, accounting for 60.6%.

Trade gap was estimated at around US$ 124 billion. The FDI sector alone ran a trade surplus of US$4 billion.

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