Wednesday, September 22

Tag: challenges

Business

Vietnam posts healthy Q2 growth but virus poses challenges

Vietnam shook off a fresh outbreak of virus infections and containment measures to record strong economic growth in the second quarter, data showed on Tuesday, though there were warnings that the road ahead remained bumpy. The country has long been among the best performing economies in Asia and was one of the few in the world to expand last year after success in containing the worst of the virus. And the General Statistics Office (GSO) reported it expanded 6.61 per cent in April-June, slightly below forecasts in a Bloomberg News survey but a big improvement on the previous three months' 4.65 per cent. For the first half of the year, it grew 5.64 per cent, in line with government expectations. Though the figure is considered high, the GSO said "the Covid-19 pandemic boom in so...