Off the wire
• Red panda cubs' surprise birth delights Australian zoo staff  • (Sports) Urgent: ICC President Kamal announces resignation  • Urgent: Unknown armed men abduct 13 passengers in N. Afghanistan  • Chinese runner to finish 100 marathons in 100 days  • Urgent: Israel requests to join Asian Infrastructure Investment Bank  • Chinese stocks rebound Wednesday  • Australian consumers worried by gov't policy: report  • China Exclusive: Apple's glass supplier becomes China's richest woman  • Tokyo shares end lower on weak survey result  • Indian Navy evacuates 348 Indians from Yemen in night-long operation  
You are here: 　 Home

Vietnamese PM says Q1 6.03 pct GDP growth figure "actual"

Xinhua, April 1, 2015 Adjust font size:

Vietnamese Prime Minister Nguyen Tan Dung said the economic growth of 6.03 percent in the first quarter (Q1) of 2015 is "actual figure" which was calculated scientifically basing on international regulations.

Dung made the remark at a monthly meeting of Vietnamese government held Wednesday in Vietnam's capital Hanoi. The Gross Domestic Product (GDP) growth in Q1 was much higher than the previous forecast of Vietnam's Ministry of Planning and Investment at around 5.5-5.6 percent.

Accordingly, in the first three months of 2015, Vietnam's GDP expansion posted the highest level compared to the same period in the past five years.

The growth is attributed to the increase in index of industrial production (IIP), especially in manufacturing and processing sector, said the website of Vietnamese government.

Specifically, in Q1 this year, Vietnam's IIP saw a growth of 9. 1 percent compared with 5.3 percent of the same period in 2014 and 4.9 percent of Q1 in 2013.

The manufacturing and processing sector, which contributed around three fourths of the overall growth during the period, posted a hike of 9.6 percent, higher than the 7.4 percent increase of the same period in 2014.

Dung urged the cabinet members to discuss measures to handle shortcomings of the economy, boost exports and support production.

In 2015, Vietnam aims for a GDP growth of 6.2 percent and a 10 percent export increase. Endi