Illustrative image (Photo: Bloomberg) Hanoi (VNA) - Bloomberg newspaper said on June 29 that Vietnam’seconomy unexpectedly grew in the second quarter despite the impact of COVID-19.
It cited data from the General Statistics Office (GSO) as saying that GDP rose 0.36 percent year-on-year compared to a revised 3.68 percent inthe first quarter. The median estimate in a Bloomberg survey of economists wasfor GDP to shrink 0.9 percent.
On a six-month calculation, GDP grew1.81 percent, making Vietnam one of the best performers in Southeast Asia.
Exports fell 2 percentin June compared to a year earlier, while imports climbed 5.3 percent. The CPI rose3.17 percent year-on-year in June and 2.4 percent month-on-month. Thegovernment aims to cap average inflation at 4 percent this year.
The article said Vietnam’sexport-reliant economy is taking a knock as the virus disrupts global supplychains and dampens demand, and added that Prime Minister Nguyen Xuan Phuc hadforecast in May that the economy could post growth of 4-5 percent this year asthe government looks to attract more FDI./.
It cited data from the General Statistics Office (GSO) as saying that GDP rose 0.36 percent year-on-year compared to a revised 3.68 percent inthe first quarter. The median estimate in a Bloomberg survey of economists wasfor GDP to shrink 0.9 percent.
On a six-month calculation, GDP grew1.81 percent, making Vietnam one of the best performers in Southeast Asia.
Exports fell 2 percentin June compared to a year earlier, while imports climbed 5.3 percent. The CPI rose3.17 percent year-on-year in June and 2.4 percent month-on-month. Thegovernment aims to cap average inflation at 4 percent this year.
The article said Vietnam’sexport-reliant economy is taking a knock as the virus disrupts global supplychains and dampens demand, and added that Prime Minister Nguyen Xuan Phuc hadforecast in May that the economy could post growth of 4-5 percent this year asthe government looks to attract more FDI./.
VNA
