Vietnam: Economic growth pace accelerates in 2Q

Vietnam: Economic growth pace accelerates in 2Q

Vietnam’s economic growth accelerated to 6.61% y/y in 2Q21, extending from an upwardly revised gain of 4.65% y/y in 1Q21. While this fell slightly short of expectations, it nonetheless reaffirmed the current upswing and re-establishment of its historic trend seen during 2013 to 2019. For the first half of 2021, Vietnam’s GDP expanded 5.64% y/y, more than 3 times the pace of 1.82% in 1H20.