Vietnam Economic Growth Beats Expectations on Trade, FDI
- Economy expanded 6.93% from a year ago, statistics office says
- Economists surveyed forecast second-quarter GDP growth of 6%
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Vietnam’s economy accelerated more than forecast in the second quarter, buoyed by a recovery in trade and increased business activity aided by foreign investment.
Gross domestic product rose 6.93% in the April-June period from a year earlier, according to data from the General Statistics Office in Hanoi on Saturday. That’s faster than the 6% median estimate of analysts surveyed by Bloomberg, and a revised 5.87% expansion in the first quarter.