Driven by strong exports, Vietnam's economy grew faster in the second quarter of this year. Just a few days ago, US President Trump said he would levy 20% tariffs below the threat on many Vietnamese products. Vietnam's GDP grew 7.96% year on year in the second quarter, up from 6.93% in the first quarter, according to data released on Saturday. This is only slightly below the Vietnamese government's annual growth target of at least 8%. Exports were a bright spot in the previous quarter, up 18.0% year on year to US$116.93 billion, and imports rose 18.8% to US$112.52 billion, with a trade surplus of US$4.41 billion. Industrial production increased 10.3% during the same period, and consumer prices rose 3.57% in June.

Driven by strong exports, Vietnam's economy grew faster in the second quarter of this year. Just a few days ago, US President Trump said he would levy 20% tariffs below the threat on many Vietnamese products. Vietnam's GDP grew 7.96% year on year in the second quarter, up from 6.93% in the first quarter, according to data released on Saturday. This is only slightly below the Vietnamese government's annual growth target of at least 8%. Exports were a bright spot in the previous quarter, up 18.0% year on year to US$116.93 billion, and imports rose 18.8% to US$112.52 billion, with a trade surplus of US$4.41 billion. Industrial production increased 10.3% during the same period, and consumer prices rose 3.57% in June.