CHAIRMAN: DR. KHALID BIN THANI AL THANI
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Business / World Business

Vietnam's economy bounces back

Published: 29 Jun 2017 - 11:56 pm | Last Updated: 01 Nov 2021 - 07:37 pm

Agencies

Vietnam’s economy bounced back in the second quarter posting a 6.17 percent growth rate, according to official figures yesterday, a boost driven by gains in the industrial and services sectors.
The export-driven economy saw growth slow last year as the country struggled to recover from a major drought and mass fish kill along its central coast.  Growth in the first three months of this year hit a three-year low of 5.15 percent thanks to a slump in exports from Samsung, the country’s leading investor.  But GDP growth rates from April to June jumped to 6.17 percent, according to the General Statistics Office (GSO).