Vietnam experienced accelerated economic growth during the second quarter, driven by foreign buyers seeking to avoid potential tariffs of up to 46% on goods sold to the United States. Gross domestic product increased by 7.96% in the April-June period compared to the same time last year, according to data released by the National Statistics Office in Hanoi. This figure surpasses the 6.85% average forecast from a Bloomberg survey of eight economists and exceeds the revised 7.05% growth recorded in the first quarter.
— news from Bloomberg
— News Original —
Vietnam’s Growth Surges as Buyers Race to Beat Trump Tariffs
Vietnam’s growth accelerated in the second quarter as foreign buyers raced to avoid threatened tariffs of as much as 46% on sales to the US.
Gross domestic product rose 7.96% in the April-June period from a year earlier, according to data from the National Statistics Office in Hanoi on Saturday. That’s faster than the 6.85% median estimate in a Bloomberg survey of eight economists, and a revised 7.05% expansion in the first quarter.