Economy expands 1.42% in Jan-Sept period

Viet Nam’s economy dipped by 6.17 percent in the third quarter this year, the lowest figure since the country first reported on quarterly GDP growth.

With the latest figure, the economy expanded 1.42 percent in January-September period due to heavy impact of the COVID-19 outbreak which forced many localities to impose social distancing order.

In the first nine months, industrial production expanded 4.45 percent against the same period last year.

Meanwhile, total foreign investment inflows were estimated at US$22.15 billion, up 4.4 percent against the same period last year while disbursement decreased by 3.5 percent to US$13.28 billion.

Export value of the foreign-invested sector stood at nearly US$18.2 billion (including crude oil) and US$17.1 billion (excluding crude oil).