Last Tuesday, the General Statistics Office announced that gross domestic product (GDP) growth in Vietnam is up to 6.81% for the first nine months of this year, reports Bloomberg.
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As foreign direct investment (FDI) continues to enter the country – the Wall Street Journal puts Vietnam's FDI at around US$9.65 billion so far this year – and Vietnam outstrips the export growth of its neighbors, particularly in industries like manufacturing, this growth is expected to carry on through the rest of 2015.
According to Saigon Giai Phong, this figure marks the country's highest growth rate since 2010. Statistics also counted 68,347 new businesses in first nine months of 2015, whose total registered capital came in at VND420.9 trillion (US$18.72 billion).
The Asian Development Bank predicts that Vietnam will close out the year with an economic growth rate of 6.5%, WSJ reports, up from the bank's initial 6.1% assumption and above the Vietnamese government's target of 6.2%.
