Vietnam’s economic growth quickened in the fourth quarter, the government said.
Key Points
- Gross domestic product rose 6.68 percent from a year earlier, up from 6.56 percent in the previous three months, the General Statistics Office said in Hanoi Wednesday.
- The economy grew 6.21 percent in 2016, compared with the median estimate of 6.3 percent in a Bloomberg survey.
Big Picture
Vietnam ranks among the world’s fastest-growing economies as its exports remained resilient to a global trade slowdown. Companies setting up plants in the country, such as Samsung Electronics Co., are transforming the nation into a manufacturing hub for electronics goods, including smartphones.
Other Details
- Exports rose 8.6 percent in 2016, imports gained 4.6 percent