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Vietnam reports record GDP contraction in Q3

Vietnam reports record GDP contraction in Q3

FILE PHOTO: Shipping containers are seen at a port in Hai Phong city, Vietnam July 12, 2018. REUTERS/Kham/File Photo

HANOI: Vietnam's gross domestic product contracted 6.17 per cent in the third quarter of 2021 from a year earlier as pandemic restrictions hit, the sharpest quarterly decline on record, government data released on Wednesday showed.

The services sector fell 9.28 per cent from a year earlier in the period, while the industrial and construction sector contracted 5.02 per cent, the government's General Statistics Office said in a statement. The agriculture sector expanded 1.04 per cent.

Source: Reuters/aj

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