FDI attraction hit record growth and GDP growth rate reached 7.46% in the third quarter
By Manh Thuong
September 29, 2017 | 11:25 AM GMT+7
On the afternoon of September 28, Deputy Prime Minister Vuong Dinh Hue chaired a meeting of the National Financial and Monetary Policy Advisory Council on assessing the macroeconomic indicators in the third quarter and the first 9 months of 2017.
Deputy Prime Minister Vuong Dinh Hue chaired a meeting. Photo: VGP
The inflation index in September increased to 0.59% mainly due to the continuous adjustment of gasoline prices. Over the same period, inflation increased by 3.4%. It is forecasted to be from 1.5% to 1.8% this year that is below the target set by the National Assembly.
In the third quarter of 2017, GDP (Gross Domestic Product) increased to 7.46%. GDP growth rate in the past 9 months was 6.41%. Growth of GDP in the third quarter increased sharply thanks to the growth of the entire industries, including strong contribution from manufacturing and processing industry and exportation.
The total mobilized capital through government bonds in the past 9 months were VND147 trillion (nearly US$6.5 billion), reaching 80% of the plan.
The market capitalization increased by 38.7%, equivalent to 60% of GDP. The VN-Index surpassed 800 points after nearly 10 years. The derivatives market operated well after its first month of inauguration.
Besides, the foreign currency market was stable and there was no big fluctuation in exchange rate.
Meanwhile, the foreign direct investment (FDI) hit record growth with US$14.6 billion being newly registered. If including US$6.8 of the modified investment, the total registered capital increased by 21.7% over the same period..
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