Amazing! Vietnam's GDP growth exceeds 13% in Q3 2022

  • Share this:
Amazing! Vietnam's GDP growth exceeds 13% in Q3 2022

The Vietnamese economy expanded by double digits in the third quarter, indicating a strong comeback from the pandemic-induced downturn of a year earlier.

The General Statistics Office reported on Thursday that gross domestic product increased 13.67% year on year in the three months ended September (Sep 29). This contrasts to a 14.35 percent median projection in a Bloomberg survey of economists and a 6.02 percent contraction a year ago, when the country closed certain facilities as part of strict virus-control efforts.

Since then, the economy has recovered as restrictions have been loosened, domestic activity has improved, and exports have increased. While price increases accelerated this month to 3.94 percent, Vietnam's inflation remains among the lowest in the region.

This month, exports increased 10.3% over the same period last year, while imports increased 6.4%.

Even after raising two of its policy rates by one percentage point each last week amid a currency plunge, the central bank said it will urge commercial banks to find ways to keep lending costs low in order to boost businesses. BLOOMBERG

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
View all posts

Terima kasih telah membaca sampai di sini