Vietnam Economic Growth Beats Expectations on Trade, FDI

(Bloomberg) — 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.