Vietnam’s exports in July are estimated to have risen 19.1% in July from a year earlier to $35.92 billion, the General Statistics Office (GSO) says.
Also the industrial production index rose in July, expanding 11.2% from a year earlier, .
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.
“We believe the ongoing upturn in the global electronics cycle will continue to support both exports and industrial production for the rest of the year,” Oxford Economics reports.
The country recorded annual GDP growth of 6.93% in the second quarter, up from 5.87% in the first quarter.
Oxford Economics expects Vietnam’s GDP to grow by 5.9% this year.
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