Vietnam’s GDP grows 13.67% in Q3

The General Statistics Office said that Vietnam’s gross domestic product (GDP) rose 13.67% in Q3 from a year earlier, reflecting a robust recovery from the pandemic-induced slump a year ago. That compares with a 14.35% median estimate in a survey of economists, and a 6.02% contraction a year ago when the nation shuttered some factories as part of tough virus control measures. Since then, the economy has rebounded as restrictions were lifted, domestic activity picked up and exports increased. While price gains quickened to 3.94% this month, Vietnam’s inflation remains among the lowest in the region. Exports rose 10.3% this month from the same period a year ago, while imports climbed 6.4%.