Global Trade Risks Cloud Vietnam's Outlook as GDP Grows 6.8%
- Export-reliant economy faces trade wars, rising U.S. rates
- Inflation accelerates to 4.7 percent in June, government says
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Vietnam’s economy posted steady growth in the second quarter with the help of solid foreign investment and exports, but risks are mounting with the prospect of a global trade war.
Export-reliant Vietnam is trying to sustain its stellar economic performance in the face of global trade protectionist moves and rising U.S. interest rates. Prime Minister Nguyen Xuan Phuc requested ministries in May to increase their monitoring of international markets and to take suitable and timely action to minimize any negative effects.