A place for preliminary processing of vegetables of Phuoc An Cooperative in Ho Chi Minh City. (Photo: SGGP)

Economic contribution of cooperatives in GDP falls sharply

A report by the Department of Cooperative Development under the Ministry of Planning and Investment showed that there were around 101,400 cooperative groups across the country, up 0.58 percent compared to that in 2003, attracting 1.34 million members, up 57.3 percent compared to that in 2003.
Industrial processing and manufacturing industry increases 11.37 percent. (Photo: SGGP)

Nine-month economic growth at nearly-10-year high

Mr. Nguyen Bich Lam, general director of the General Statistics Office of Vietnam (GSO), said at the press conference held on September 28 that gross domestic product (GDP) of Vietnam in the first nine months of this year was estimated to rise by 6.98 percent over the same period last year, the highest level in the past nine years.
Illustrative image (Source: VNA)

WB: Vietnam’s economy improves further

Vietnam’s economy is forecast to continue improving, with gross domestic product (GDP) to expand by 6.8 percent this year, said the World Bank (WB) in its latest economic update for Vietnam.