Vietnam posts strong growth in exports, industrial productionFILE PHOTO: Employees work at a shoe factory for export in Hanoi, Vietnam on Dec 29, 2020. Vietnam has been seeking to lift economic growth to meet this year's GDP growth target of 6.0%-6.5%, with the government keeping policy settings accommodative and boosting public investment. The country recorded annual GDP growth of 6.93% in the second quarter, up from 5.87% in the first quarter. Oxford Economics expects GDP growth to come in at 5.9% this year, with the central bank's discount rate remaining 3.0%. A sharp rise in imports could be a signal of future strength in industrial production if firms import more materials and equipment for their operations.

Source: Bangkok Post July 29, 2024 16:00 UTC