Sep 28, 2020
Vietnam’s Economic Growth Accelerates to 2.62% in Third Quarter
Bloomberg News
,(Bloomberg) -- Vietnam’s economic growth accelerated in the third quarter as exports and manufacturing began recovering from the pandemic-induced slump of the first half of the year.
Gross domestic product rose 2.62% from a year earlier, up from a revised 0.39% in the second quarter, the General Statistics Office in Hanoi said Tuesday. The median estimate in a Bloomberg survey of five economists was for growth of 2.7%.
Other details from the report:
- Exports rose 4.2% in the first nine months of the year compared with the same period in 2019. Imports fell 0.8% in the period
- Consumer prices increased 2.98% in September from a year earlier
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