HANOI: Vietnam\u2019s gross domestic product (GDP) grew 9.95% in the third quarter (3Q26) from a year earlier, the fastest quarterly growth since the Covid-19 pandemic, and accelerating from a revised expansion of 8.81% in the 2Q26, government data showed last Saturday.<\/p>\n
Growth in the July to September quarter was driven by strong exports and robust investment in infrastructure, but remains short of the country\u2019s full-year growth target of above 10%.<\/p>\n
The export-reliant economy has faced rising import costs this year due to the Iran war, with the trade deficit in the first nine months of this year hitting a record high.<\/p>\n
Exports of goods in September increased 39.1% from a year earlier to US$59.48bil, while imports rose 45.8% to US$58.21bil, resulting in a trade surplus of US$1.27bil for the month, the National Statistics Office (NSO) said in a report.<\/p>\n
For the first nine months of this year, exports rose 24.5% to US$434.3bil, while imports were up 36.7% to US$453.72bil, translating into a trade deficit of US$19.42bil, a record high.<\/p>\n
Higher prices for energy imports were partly to blame for the widening trade deficit. Imports of crude oil in the period fell 13.5% in volume, but were up 14.4% in value, according to the report. Imports of refined fuels rose 11.5% in volume but were up 79.3% in value.<\/p>\n
Consumer prices in September rose 5.08% from a year earlier, the NSO said. Industrial production in September increased 16.7% year-on-year, it added. \u2014 Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"HANOI: Vietnam\u2019s gross domestic product (GDP) grew 9.95% in the third quarter (3Q26) from a year earlier, the…\n","protected":false},"author":2,"featured_media":636620,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,2616,3153,85,46,18324],"class_list":["post-636619","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-export","tag-gdp","tag-il","tag-israel","tag-vietnam"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/636619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=636619"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/636619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/636620"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=636619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=636619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=636619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}