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Economic News

Last updated: Monday, November 12, 2018

 

Investment Uptrend Continues

Posted: Wednesday, October 24, 2018

The third-quarter social investment capital rose 12.5 per cent from the same period of 2017 and 21.6 per cent from the second quarter of 2018. Investment to GDP ratio was 35.9 per cent in the third quarter and 34 per cent in the first nine months. G-bond disbursement rose up to 89.1 per cent from January to September.

Overall investment was primarily expanded by the private sector. The foreign-invested sector reported lower investment growth than State and private sector. Total registered FDI was just over US$3.4 billion in the nine-month period, down 45.8 per cent year on year while disbursed FDI value continued to grow, reaching US$4.9 billion in the third quarter, up 2.1 per cent year on year and 9.1 per cent from the second quarter.

Research results released by Aus4Reform, an Australia-funded programme for economic reform in Vietnam, show that GDP growth reached 6.88 per cent in the third quarter and 6.98 per cent in the first nine months of this year, higher than the same period in previous years, and was estimated at 6.88 per cent in 2018. Export growth was forecast at 13.34 per cent; the trade surplus is projected at US$5.1 billion; and inflation was estimated at 3.97 per cent.

Nguyen Thanh








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