Vietnam’s GDP growth contracts in Q3
by ChemOrbis Editorial Team - content@chemorbis.com
According to data from Vietnam’s General Statistics Office (GSO), the country’s gross domestic product fell by 6.17% year-on-year in the third quarter, down from an increase of 6.57% in the second quarter.
The decrease in the country’s GDP growth rate was attributed to the strict lockdowns in key areas, including Ho Chi Minh City. The country’s exports in the third quarter of this year increased by 5.2% from a year earlier, data further showed.
On the other hand, Vietnam’s government is planning to gradually ease the restrictions in Ho Chi Minh City as of October to resume economic activities.
The decrease in the country’s GDP growth rate was attributed to the strict lockdowns in key areas, including Ho Chi Minh City. The country’s exports in the third quarter of this year increased by 5.2% from a year earlier, data further showed.
On the other hand, Vietnam’s government is planning to gradually ease the restrictions in Ho Chi Minh City as of October to resume economic activities.
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