Gross domestic product in the quarter ending June rose 4.14% from a year ago, the General Statistics Office said. — Bloomberg
HANOI: Vietnam’s economy grew better-than-expected in the second quarter (2Q), showing the trade-reliant nation still has momentum despite slowing global demand for goods.
Gross domestic product in the quarter ending June rose 4.14% from a year ago, the General Statistics Office said in a statement yesterday. That compares with the median estimate for a 3.8% growth in a Bloomberg survey.
A recovery in manufacturing is key to bolstering overall activity in Vietnam, where exports are a main driver of the economy. For its part, the central bank has delivered four rounds of interest rate cuts this year to support the economy after recovery showed signs of running out of steam. — Bloomberg
