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Vietnam’s 2015 GDP growth hits eight-year high

by ChemOrbis Editorial Team -
  • 28/12/2015 (17:35)
According to media reports, Vietnam’s economy expanded 6.68% in 2015, posting the highest growth rate seen since 2008. The country’s 2015 growth also beat the government’s growth target of 6.2%.

The stronger than expected acceleration in the economy was attributed to a 9.6% gain in the industrial and construction sectors. According to data from the government’s General Statistics Office (GSO), foreign investment in the industrial and construction sectors reached $14.5 billion as of December 15, helping to push output higher.

Meanwhile, weaker energy costs and low inflation also contributed to growth in the economy. Vietnam’s inflation climbed 0.6% this year, posting the lowest level seen in fifteen years.
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