United Overseas Bank or UOB experts highlighted that motives for the economic growth came from the recovery of the demand for electronic products, stable growth in China and the region as well as central banks’ loose monetary policies, elaborating the economy expanded 6.42% in the first half.
The production sector grew for the fifth consecutive quarter, at 10%, while the services industry recorded expansion for the 11th consecutive quarter. During January-June, export and import grew 14% and 16.6%, with a trade surplus of 11.3 billion USD.
Regarding foreign investment attraction, UOB specialists held that foreign firms have relished a positive prospect for the Vietnamese economy in the coming time, adding they funneled 15.2 billion USD in foreign direct investment into the country in the first half, up 13.1% year-on-year./.
