• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Friday, June 13, 2025

Daily Times

Your right to know

  • HOME
  • Latest
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Ramblings
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • Arts, Culture & Books
  • Lifestyle
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

Vietnam posts healthy Q2 growth but virus poses challenges

Vietnam shook off a fresh outbreak of virus infections and containment measures to record strong economic growth in the second quarter, data showed on Tuesday, though there were warnings that the road ahead remained bumpy.

The country has long been among the best performing economies in Asia and was one of the few in the world to expand last year after success in containing the worst of the virus. And the General Statistics Office reported it expanded 6.61 percent in April-June, slightly below forecasts in a Bloomberg News survey but a big improvement on the previous three months’ 4.65 percent.

For the first half of the year, it grew 5.64 percent, in line with government expectations. Though the figure is considered high, the GSO said “the Covid-19 pandemic boom in some localities across the country from April end has posed many challenges and risks for the country in realising the objective of fighting the pandemic while developing the economy”. The economy grew 2.91 percent in 2020, its worst reading in more than three decades, while it is targeting a 6.5 percent rate this year. But Gareth Leather, senior Asia economist at Capital Economics, warned: “Looking past the jump in year-on-year growth due to a weak base for comparison, GDP data suggest that Vietnam is facing a heavy economic toll from its efforts to control the virus. “With sporadic outbreaks continuing, the economy is likely to suffer further in the months ahead.”

Vietnam has fared relatively well during the pandemic, recording more than 16,000 cases and 78 deaths, with the majority of infections occurring since late April when outbreaks hit northern industrial zones before spreading to the southern business hub of Ho Chi Minh City. Restrictions and social distancing orders have been in place in several parts of the country since May but there have so far been no significant signs of improvement, while only about three percent of the nearly 100 million population has been vaccinated. The country is striving to obtain more jabs from overseas while also working on developing its own.

 

Filed Under: Business Tagged With: economy, growth, Latest, Vietnam

Submit a Comment




Primary Sidebar




Latest News

U.S. denies role in Israeli strikes on Iran, urges Iran not to target Americans

Iran warns Israel and U.S. will pay heavy price for airstrikes

Tehran under fire: Israel bombs Iran’s nuclear facility, civilian areas hit

Pakistan, UAE reaffirm shared commitment to peace

Pakistan urges EU to press India against suspending water treaty

Pakistan

Pakistan, UAE reaffirm shared commitment to peace

Pakistan urges EU to press India against suspending water treaty

Over 290 killed in India plane crash, one passenger survives

PPP announces nationwide protest against ‘elite-centric’ federal budget

Pakistan hits rock bottom in WEF’s global gender gap report

More Posts from this Category

Business

Pakistan launches ‘National Big Data Portal’ to power digital transformation

Ministers propose E-Commerce tax reforms

Late profit-taking wipes out intra-day gains at PSX

Rupee posts marginal decline

Gold price up by Rs4,000 per tola

More Posts from this Category

World

U.S. denies role in Israeli strikes on Iran, urges Iran not to target Americans

Iran warns Israel and U.S. will pay heavy price for airstrikes

Tehran under fire: Israel bombs Iran’s nuclear facility, civilian areas hit

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2025 Daily Times. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy