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Vietnam's economy accelerates to 8.39% growth in the second quarter

Vietnam's economy accelerated in the second quarter, expanding 8.39% year on year. One of the region's fastest-growing economies, built on a manufacturing- and export-led model, the country sustained its strong performance.

Cargo containers stacked at a shipping port
Cargo containers stacked at a shipping portPhoto: Rafael Rodrigues / Pexels
Nikkei Asia2 h ago
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Vietnam's economy accelerated in the second quarter, growing 8.39% year on year. The figure reinforces the country's place among the fastest-expanding economies in the region.

Vietnam's growth rests largely on manufacturing and exports. In recent years the country has become an important production hub within global supply chains, with foreign investment helping to sustain the momentum.

Analysts said external demand conditions and the wider global trade environment will be decisive for the pace of growth in the period ahead. Investors will watch third-quarter data and export figures closely for signs of whether the strong run can continue through the rest of the year.

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Source: Nikkei Asia
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This article is an AI-curated summary of the original story published by Nikkei Asia. The illustration is a stock photo by Rafael Rodrigues from Pexels and is not from the original story.

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