Vietnam GDP Grows

Vietnam exports surged, leading the way for higher GDP expansion. The GDP rose 6.17% year over year in the second quarter of 2017 compared with 5.15% in the previous quarter, Seeking Alpha reported. Consumer prices increased 2.54% year over year in June 2017 compared with a 3.19% rise in May. The manufacturing purchasing managers index declined to 51.6 in May 2017 compared with 54.1 in April 2017. As per Bloomberg report, Vietnam’s exports surged over 20% in each of the three months of the second quarter. The total trade turnover this year so far has been almost $200 billion while the trade deficit has been $2.7 billion. Trade deficit for June was $200 million. Export turnover increased 18.9% year over year to $97.8 billion in the first half of 2017. However, import turnover surged 24.1% year over year to $100.47 billion in the same time frame.