Economic review in first nine months

14:32 | 29/09/2014

VGP – In the January-September period, Viet Nam attained significant achievements in maintaining the macro-economic stability,  curbing inflation and guaranteeing a reasonable growth rate.

Key economic norms – Source: The General Statistics Office

In the reviewed period, GDP growth rate touched 5.62%.

Foreign reserve reach a new record level of US$ 35 billion, prompting liquidity capacity, secure financial system safety, stabilizing exchange rate, and mitigating dollarization.  

As of mid-September, budget collection was higher than spending and the rate of budget overspending stood at 4.9%.

In the first nine months, CPI growth rate reached a record low over the last 11 years. The positive sign showed that inflation rate would be kept at around 4%, lower than the goal of 7% set by the National Assembly.

In the January-September period, the agro-forestry and fishery sector grew by 3%; industry-construction sector 6.42% and service 5.99%.

However, macro-economic balance remains unstable. The supply-demand relations have yet improved. Export activities still focused on processing and assembling and heavily relied on the FDI sector./.

By Kim Anh