Bloomberg: Vietnam’s economy grows unexpectedly in Q2
Bloomberg newspaper said on June 29 that Vietnam’s economy unexpectedly grew in the second quarter despite the impact of COVID-19.
Latest
| TIN LIÊN QUAN | |
 | Vietnam seeks to break out of COVID-19 tourist trap: Bloomberg |
| Fitch raises sovereign rating for Vietnam |
 |
| Illustrative image. (Photo: Bloomberg) |
It cited data from the General Statistics Office (GSO) as saying that GDP rose 0.36 percent year-on-year compared to a revised 3.68 percent in the first quarter. The median estimate in a Bloomberg survey of economists was for GDP to shrink 0.9 percent.
On a six-month calculation, GDP grew 1.81 percent, making Vietnam one of the best performers in Southeast Asia.
Exports fell 2 percent in June compared to a year earlier, while imports climbed 5.3 percent. The CPI rose 3.17 percent year-on-year in June and 2.4 percent month-on-month. The government aims to cap average inflation at 4 percent this year.
The article said Vietnam’s export-reliant economy is taking a knock as the virus disrupts global supply chains and dampens demand, and added that Prime Minister Nguyen Xuan Phuc had forecast in May that the economy could post growth of 4-5 percent this year as the government looks to attract more FDI.
| Experts: Night-time economy expected to boost Ha Noi tourism Night-time economy is expected to develop Ha Noi tourism, tourism experts and policymakers said. |
| Vietnam’s economy attractive to foreign investment: International media Vietnam is like a rising star, meeting all the factors to improve its economic image and attract more foreign investment flows, according to an article ... |
| EVFTA a golden opportunity for Vietnam to recover its economy: Analysts The EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA), which were ratified by the National Assembly on the morning of June 8, ... |
(Source: VNA)
