Economics
Vietnam Rejoins Club of 6%-GDP-Growth Nations as Exports Surge
- Shipments gain more than 20% every month in the second quarter
- Government boosting business climate to lure more investment
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Vietnam’s economy recovered this quarter with a surge in exports allowing it to rejoin a small group of nations posting growth rates of more than 6 percent.
Vietnam’s government is taking steps to boost growth after Samsung Electronics Co.’s production cuts hurt the economy in the first quarter, underscoring the nation’s dependence on exports. Prime Minister Nguyen Xuan Phuc in May said officials were preparing strategies to boost electronics and agriculture, while improving the business climate to lure more investment.