Vietnam Growth Slows More Than Forecast on Trade Turmoil
- Economy expanded 5.66% from year ago, statistics office says
- Economists surveyed forecast first-quarter GDP growth of 6.4%
Vietnam’s trade-reliant economy is struggling with an uneven recovery in exports and manufacturing activity amid still subdued external demand.
Photographer: Linh Pham/BloombergThis article is for subscribers only.
Vietnam’s economy slowed in the first quarter, weighed by an uneven growth in exports and factory output as well as tepid consumption activity.
Gross domestic product rose an annualized 5.66% in the January-March period after gaining 6.72% in the previous quarter, according to estimates released by the General Statistics Office on Friday. That compares with the median 6.4% expansion seen in a Bloomberg survey of economists.