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Vietnam Second-Quarter GDP Growth Quickens as Dong Devalued

Vietnam’s economic growth quickened in the second quarter as the outlook for exports improved after the dong was devalued for the first time in a year.

Gross domestic product rose 5.25 percent in the second quarter from a year earlier, according to data released by the General Statistics Office in Hanoi today. That compares with a revised 5.09 percent pace in the three months through March. The economy expanded 5.18 percent in the first half from a year earlier, compared with a median estimate of 5.2 percent in a Bloomberg News survey of 8 economists.