Tour - Vietnam
Vietnam Economic Growth Quickens on Investment, Manufacturing
Vietnam’s economic growth quickened in the fourth quarter helped by rising industrial output and record-high foreign investment. Gross domestic product rose 7.01 percent in the fourth quarter from a year earlier, quickening from a revised 6.87 percent gain in the three months through September, according to data released by the General Statistics Office in Hanoi on Saturday. In 2015, the economy grew 6.68 percent, beating the government’s 6.2 percent target. That compares with a median estimate of 6.6 percent in a Bloomberg survey. Vietnam’s economic growth “has gained momentum gradually and is now being supported both by exports of foreign-invested enterprises and domestic demand,” Jonathan Dunn, the International Monetary Fund’s resident representative in Vietnam said in a statement released Dec. 5 in Hanoi.