Saturday, October 20, 2018 3:26:11 AM - Markets open
VN-INDEX 958.36 -5.11/-0.53%
HNX-INDEX 108.10 +0.18/+0.17%
UPCOM-INDEX 52.47 -0.23/-0.44%
Nine-month GDP growth highest in eight years
VietnamPlus - 9/28/2018 3:31:22 PM
 (0 ratings. You must sign in to rate.)
The GDP growth rate for the January-September period was 6.98 percent, the highest for the same period over the past eight years, the General Statistics Office announced on September 28.  
 
GSO Director Nguyen Bich Lam said at a press conference in Hanoi that agriculture, fisheries, processing-manufacturing and export continued to be the driving force of the economy. 
 
Macro economy remains stable, inflation is under control and unemployment is showing a decreasing trend, according to Lam.
 
The average CPI growth for the nine-month period was 3.57 percent year on year, while export value increased by 15.4 percent and import up 11.8 percent. Final consumption surged by 15.4 percent and asset accumulation picked up 7.71 percent. 
 
As of September 20, credit growth rate stood at 9.52 percent while M2 money supply went up by 8.74 percent compared to the end of 2017. 
 
The agri-forestry-fisheries sector registered a 3.65 percent expansion, contributing 8.8 percent to the overall growth. The industry-construction sector posted a 8.89 percent increase, contributing 48.7 percent to the overall growth, while the service sector, with a 6.89 percent increase, contributed 42.5 percent. 
 
In breakdown, the agri-forestry-fisheries sector accounted for 13.93 percent of the economy in the nine-month period, the industry-construction sector, 33.49 percent and the service sector, 42.54 percent. 
 
Other economic indicators also showed positive signs. Business sentiment is optimistic with the Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) constantly rising from 51.6 points in March, reaching a peak of 55.7 points in June and staying at a high level of 53.7 points in August. 
 
The volume of new orders for export also continued to increase in August, according to Nikkei. 
 
The macro-economic indexes demonstrated the effectiveness of the leadership of the Prime Minister and Government and efforts of ministries, sectors and local administrations since the early days and months of this year, the GSO director said.-VNA 
 
Read original article here
 
 
Newer News
18/10 Vietnam to push on EU trade deal
12/10 PM discusses trade facilitation with Indonesia’s business leader
12/10 VN pledges to co-operate for ASEAN sustainable agriculture: Deputy PM
12/10 VN rice exports reaches new heights
11/10 VN struggles to export to ASEAN
11/10 Fuel prices set to put pressure on inflation
10/10 Dong Nai revokes licences of over 170 FDI projects
10/10 Vietnam earns 3.2 billion USD from auto accessories exports
10/10 Mekong Delta provinces attract more foreign investment
09/10 Seafood exports likely to rake in $9b this year
Older News
28/09 Officials target Middle East, Africa exports
25/09 Ministry upbeat about 2019 economic outlook
24/09 Southeast Asia consumes most of Vietnamese steel
21/09 Việt Nam helds international conference on export rice
20/09 Vietnam’s seafood exports to ASEAN expected to reach 1 billion USD soon
20/09 Vietnam’s agro-aquatic products strive to penetrate Russian market
18/09 Trade between Vietnam and India records surge
18/09 Vietnam qualified to export catfish to the US
17/09 Vietnam becomes increasingly attractive to foreign investors
14/09 Vietnam’s imported petroleum up 26.4 percent in eight months
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 3:11:41 PM
VN-INDEX 958.36 -5.11/-0.53%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.