Vietnam’s economy grew at its fastest pace in three years, according to an official estimate released Wednesday, despite concerns over high inflation, a struggling currency and other risks.
Gross domestic product (GDP) expanded by roughly 6.8 percent compared with the year before, when it rose 5.3 percent, the slowest rate in a decade, the General Statistics Office (GSO) said in a year-end report.
The economy grew 6.3 percent in 2008 and 8.5 percent in 2007.
GSO figures showed that growth accelerated throughout this year, expanding in the fourth quarter by an annualized 7.3 percent.
“These results confirm the effectiveness of measures and solutions taken firmly and vigorously by the government to prevent economic slowdown and to stabilise the macroeconomy,” the GSO report said.
The government’s target was 6.5 percent growth this year. It is aiming for seven percent expansion in 2011.