The country's gross domestic product (GDP) grew by 6.81% in the third quarter and by 6.5% in the first 9 months of this year, the Central Institute for Economic Management (CIEM) has reported.

The institute attributed the significant improvement of mid-term trend in the third quarter to increases in investment, consumption and economic institutional reforms.

Consumption in the first third quarter rose by 9.1% compared to the same period last year.

Illustrative Image (Source :tinmoi)

Industrial and construction sectors continued to be the main driving force for the country's economic growth.

Added value of this sector was up 9.6% in the first 9 months, much higher than that of agro-forestry and aqua-culture products and services.

The institute also forecasted fourth-quarter economic growth this year would reach 6.83%.  For the whole year, economic growth is forecasted to increase by 6.61%.

(Source: VNA)