Vietnam's economic situation in the first 9 months of 2019

Vietnam's economic situation in the first 9 months of 2019

01Oct2019

B&Company

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At a press conference on 28/9/2019, Director General of the General Statistics Office stated that despite the declining trend of global economic growth, Vietnam’s GDP climbed 6.98% in the first nine months of 2019 compared to the previous year’s same period. This is the highest growth rate of 9 months in the last 9 years.

Among 3 main economic sectors, the “industry & construction” sector ranked first in growth rate (9.36%), the “commerce & service” sector came second with 6.85%, and “agriculture, forestry and fishing” had the lowest growth rate (2.02%).

The processing industry increased by 11.37%, playing a key role in leading the overall growth of the “industry & construction” sector. Moreover, the mining industry increased slightly at 2.68% after a constant decrease for years.

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