Vietnam's economy expanded faster than expected in the second quarter of this year, as the country reaps the benefits of the ongoing trade war between China and the US.
Gross domestic product rose 6.71 per cent year on year in the second quarter of 2019, only slightly down from a revised 6.82 per cent in the first quarter, according to Vietnam's General Statistics Office. A poll of economists by Bloomberg had forecast a drop to 6.61 per cent growth.
The GSO said processing and manufacturing, which covers goods exporters, was the fastest growing sector, posting a 9.14 per cent rise. Services output rose 6.85 per cent, against 2.19 per cent for agriculture.
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