Saturday, October 06, 2007

Vietnam's economy grew 8.16 percent in first 9 months, fastest pace in 10 years

HANOI, Vietnam: Vietnam's economy grew an estimated 8.16 percent in the first nine months of the year, its fastest pace for the January-September period in the last ten years, the General Statistics Office said in a report published Friday.

In the same period a year ago, the economy grew 7.84 percent.

Gross domestic product, the value of all goods and services produced in the country, was estimated to be worth 787 trillion dong (US$49 billion) in the first nine months, the GSO said.

The manufacturing and construction sector grew 10 percent from a year ago to 328 trillion dong (US$20 billion) during the three quarters, representing 42 percent of total GDP.

The services sector was grew 8.5 percent to 301 trillion dong (US$19 billion), accounting for 38 percent of GDP. more