Vietnam's GDP growth accelerates in Q2

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
The Vietnamese economy grew faster in Q2 compared to the growth in Q1. Central bank's efforts to revive lending by cutting interest rates and increasing foreign investment were responsible for the acceleration, while the legislature voted to lower corporate tax rate to further help the businesses. GDP rose 5% this quarter compared to growth a year ago, while it expanded 4.9% in the first half of the year.
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