Vietnam’s Economy Picks Up Speed as Exports Rise Again
- GDP grows 5.33% in third quarter, beating analyst estimates
- Exports returning to growth in September is a positive
This article is for subscribers only.
Vietnam’s economy accelerated for a second straight quarter on the back of stronger performances by its key growth drivers — manufacturing and exports.
Gross domestic product increased 5.33% from a year ago in the three months ending September, compared with a 5% median estimate in a Bloomberg survey and a revised 4.05% expansion in the previous quarter. Trade data released by the General Statistics Office also on Friday showed exports returned to growth in September, snapping six months of declines.