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Economy

Vietnam raises its GDP by a quarter for 2010-2017 period

More weight placed on manufacturing and construction, less on agriculture

Vietnam's upward revision to its GDP narrrows the economic gap with its neighors and highlights the economy's shift toward industry and away from agriculture.   © Reuters

HANOI (Reuters) -- Vietnam on Friday formally revised up its gross domestic product by 25.4% for the 2010-2017 period, following efforts to align its official statistical methodology with international standards.

The changes will narrow the gap between the nominal size of Vietnam's frontier economy and those of more advanced Southeast Asian neighbours. It also highlights the economy's shift to higher end industries away from traditional agriculture.

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