Macroeconomics

Vietnam Quarterly Growth Hits Two-Year High on Exports, Investment

October 06, 2024, 02.48 PM | Source: Reuters
Vietnam Quarterly Growth Hits Two-Year High on Exports, Investment

ILUSTRASI. Vietnam reported its strongest economic growth in two years in the quarter to end-September.

MACROECONOMICS - HANOI. Vietnam reported its strongest economic growth in two years in the quarter to end-September, as strong exports and industrial production and rising foreign investment offset the effects last month of Asia's strongest typhoon so far this year.

Gross domestic product grew 7.4% year-on-year in the third quarter, surpassing the second quarter's revised 7.09% expansion, the government's General Statistics Office said in a report.

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