Tuesday, September 28, 2010

Vietnam economic growth speeds up in third quarter

28 Sept, 2010
AP

HANOI, Vietnam (AP) -- Vietnam's economy expanded at a faster pace in the third quarter, helped by higher industrial output and services, putting the country on track to exceed its 6.5 percent growth target for the full year.

Gross domestic product expanded 7.2 percent from a year earlier in the third quarter, compared with 6.4 percent in the second quarter, the government said Tuesday. Vietnam releases economic growth data just before the end of each quarter, based on estimates.

Economic growth in January through September was 6.5 percent, compared with 4.6 percent a year earlier, the General Statistics Office said.

Industrial production and construction expanded 7.3 percent in the first nine months of this year while services grew 7.2 percent, it said.

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