Its growth was primarily driven by strong expansion of the manufacturing and processing sector, with a growth of 11.41 per cent YoY in the quarter, said GSO general director Nguyen Thi Huong.

The country’s foreign trade was estimated to be worth $578.5 billion during the quarter—a YoY increase of 16.3 per cent. Exports rose by 15.4 per cent in value to $299.6 billion.

Nguyen is hopeful of Vietnam achieving its annual growth target of 6.5-7 per cent.

Fibre2Fashion News Desk (DS)