Vietnam Q3 GDP Grows 9.95 Percent

Vietnam reported third quarter GDP growth of 9.95 percent on strong exports and infrastructure investment. The growth rate marks the fastest pace in four years, though a wider trade deficit persists.

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FILE PHOTO: Employees work at a shoe factory for export in Hanoi, Vietnam December 29, 2020. REUTERS/Kham/ File Photo

Vietnam's gross domestic product grew 9.95% in the third quarter from a year earlier, driven by strong exports and infrastructure investment. The expansion is the fastest quarterly growth since the COVID pandemic, accelerating from a revised 8.81% in the second quarter. Stronger output signals robust near-term momentum, though the figure remains short of the country's full-year growth target of above 10%.

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