Economics
Vietnam's Economic Growth Accelerates as Exports Beat Peers
- Exports climbed 9.6 percent in Jan.-Sept. from year earlier
- Cheaper energy costs also supporting domestic demand
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Vietnam’s economic growth quickened in the third quarter, buoyed by foreign investments and exports growth that contrasts with the performance of many of its neighbors.
Gross domestic product rose 6.81 percent in the third quarter from a year earlier, according to figures released by the Hanoi-based General Statistics Office Tuesday that complements other signs of an economic pickup. That compares with a revised 6.47 percent pace in the second quarter this year. Vietnam typically releases growth estimates before the end of the quarter, weeks ahead of its peers, and the numbers are often revised later.