GDP in the third quarter of the country increased by 7.4%

Of which, the agriculture, forestry and fishery sector increased by 2.58%, contributing 4.08% to the total added value growth of the entire economy.

The industrial and construction sector increased by 9.11%, contributing 48.88%; the service sector increased by 7.51%, contributing 47.04%.

GDP in the first 9 months of 2024 is estimated to increase by 6.82% over the same period last year. Of which, the agriculture, forestry and fishery sector increased by 3.2%, contributing 5.37% to the total added value of the whole economy; the industry and construction sector increased by 8.19%, contributing 46.22%; the service sector increased by 6.95%, contributing 48.41%.

The agriculture, forestry and fishery sector was severely affected by storm No. 3 in September 2024, so its growth slowed down compared to the same period in previous years. The added value of the agriculture, forestry and fishery sector in the first 9 months of 2024 increased by 3.2%, only higher than the growth rate of the same period in 2020 in the 2020-2024 period. Of which, the added value of the agricultural sector increased by 2.92% over the same period last year, contributing 0.25 percentage points to the growth rate of the total added value of the whole economy; the forestry sector increased by 4.96% but accounted for a low proportion, so it only contributed 0.03 percentage points; the fishery sector increased by 3.73%, contributing 0.10 percentage points.

The trade, tourism and transport sectors maintained growth momentum, contributing positively to the growth of the entire economy. The added value of the service sector in the first 9 months of 2024 increased by 6.95% over the same period last year.

Number of new businesses increased by 9.7% over the same period

According to the General Statistics Office, in the first 9 months of 2024, the whole country had more than 183,000 newly registered and resuming operations, an increase of 9.7% over the same period in 2023. On average, more than 20.3 thousand newly established and resuming operations per month. The number of enterprises withdrawing from the market was 163.8 thousand, an increase of 21.5% over the same period last year; on average, 18.2 thousand enterprises withdrew from the market per month.

The results of the survey on business trends of enterprises in the processing and manufacturing industry in the third quarter of 2024 showed that: 34.7% of enterprises assessed that the production and business situation was better than in the second quarter of 2024; 42.6% of enterprises said that the production and business situation was stable and 22.7% of enterprises assessed that it was difficult. It is expected that in the fourth quarter of 2024, 42.2% of enterprises will assess that the trend will be better than in the third quarter of 2024; 40.4% of enterprises said that the production and business situation will be stable and 17.4% of enterprises forecast that it will be more difficult.

Total social investment capital in the third quarter of 2024 at current prices is estimated at VND 966.7 trillion, up 7% over the same period last year. In the first 9 months of 2024, total social investment capital at current prices is estimated at VND 2,417.2 trillion, up 6.8% over the same period last year.

Total foreign investment capital registered in Vietnam as of September 30, 2024, including: newly registered capital, adjusted registered capital and capital contribution and share purchase value of foreign investors, reached 24.78 billion USD, up 11.6% over the same period last year.

Foreign direct investment realized in Vietnam in the first 9 months of 2024 is estimated at 17.34 billion USD, up 8.9% over the same period last year.

CPI in 9 months increased by 3.88% over the same period

According to the General Statistics Office, the Consumer Price Index (CPI) in September 2024 increased by 0.29% over the previous month. Compared to December 2023, the CPI in September increased by 2.18% and compared to the same period last year, it increased by 2.63%. The average CPI in the third quarter of 2024 increased by 3.48% compared to the third quarter of 2023. In the first 9 months of this year, the CPI increased by 3.88% over the same period last year; core inflation increased by 2.69%.