Economics
Vietnam’s Economy Remains Outperformer as GDP Climbs 6.4%
- Manufacturing surges on the back of electronic exports
- Nation recovering from drought with farm output rising
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Vietnam’s economic growth accelerated this quarter, boosted by foreign investments and rising exports.
Growth is being buoyed by rising foreign direct investment and exports, stronger credit demand and a slight recovery in agriculture following a crippling drought. Vietnam’s economy has benefited in the past five years from companies such as Samsung Electronics Co. setting up plants in the country, transforming it into a manufacturing hub for electronics goods, including smartphones.