Vietnam strives for 7.6-8% economic expansion in Q4

Ministry of Planning and Investment proposed a 7.6-8% economic expansion in the fourth quarter following positive results in the previous quarter, helping achieve and exceed the full-year target of 7% growth.

The proposal was made based on robust growth trends in various economic sectors, with agricultural production maintaining its growth trajectory, meeting demand of domestic consumption and export, the service sector having enjoyed positive expansion over the past months while industrial production continuing rapid recovery, serving as a motive for the economic growth.

With a view to achieving the growth target in the fourth quarter, the Ministry of Planning and Investment stressed that it is necessary for localities and sectors to recover from Typhoon Yagi soon so as to grasp the consumer trend opportunities during the year-end months and the traditional Tet holiday.

The resources must be prioritised to complete policies and regulations, helping to shape up a favourable environment as well as attract large-scale and high-tech investment projects. It is a must to foster and renew traditional growth motives in investment, consumption and export./.