Vietnam’s gross domestic product grew 4.56 percent in the first nine months this year

Vietnam’s economy needs to expand by more than 6.8 percent in the fourth quarter to realize the annual growth target of more than five percent, Prime Minister Nguyen Tan Dung said in a statement Thursday.

Vietnam’s gross domestic product grew 4.56 percent in the first nine months this year, according to the statement. In the third quarter alone, growth accelerated to 5.76 percent, compared to the second quarter’s 4.46 percent and 3.14 percent in the first-quarter.

The Prime Minister said the central bank should propose necessary measures to control inflation and ensure the balance of payments in the fourth quarter.

He also asked the central bank to make a plan for extending the government’s interest rate subsidy package as proposed by the Ministry of Planning and Investment and many other government officials. The plan is due for submission to the Prime Minister by mid November.

Source: Thanh Nien, VNA