Data from the General Statistics Office showed that the nation’s GDP declined by 6.17 percent annually in the third quarter, the sharpest drop since Vietnam began announcing its quarterly GDP figures in 2000. Of which, industry and construction contracted by 5.02 percent, services down 9.28 percent, and agro-forestry-fishery down 1.04 percent.
About the use of GDP in the third quarter, consumption was down 2.83 percent year-on-year, asset accumulation up 1.61 percent, exports of goods and services up 2.51 percent, and imports of goods and services moved up 10.75 percent.
The nine-month GDP growth was thanks to the agro-forestry-fishery sector with an expansion rate of 2.74 percent, contributing 23.52 percent to the overall growth; industry and construction with a growth rate of 3.57 percent, contributing 98.53 percent.
Meanwhile, services were down 0.69 percent, pulling national growth down by 22.05 percent./.
