Vietnam Economy Unpredicted Grow Amid Pandemic

The economy of Vietnam grew in the quarter at The rate due to the pandemic in a decade, as exports slumped.

0.36 percent rose from a year before, compared with a revised 3.68percent in the first quarter, the General Statistics Office said Monday at Hanoi.

The median estimate in a Bloomberg poll of economists was for GDP to shrink 0.9 percent.

Vietnam market is currently taking a knock Virus hurts need and disrupts supply chains, but is likely, to be among the actors in Southeast Asia this past year.

Prime Minister Nguyen Xuan Phuc said that the market could Sustain an increase of 4%-5% this year as the government appears to bring in more overseas investment from companies adjusting distribution chains.

Exports dropped 2 percent in June than a year earlier, while imports rose 5.3 percent.

Consumer prices climbed 3.17percent in June from a year earlier, up from 2.4percent in May.

The government intends to limit inflation.

Vietnam submitted a trade surplus of $500 million compared with a $900 million deficit.

Danielle Sylvia
 

Danielle is working as the Reporter for General Shopping Store. She tries to find everything new going on in our Business world and provide it to our readers.

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