(Bloomberg, 26 March 2015) — Vietnam’s growth held above 6 percent in the first quarter as manufacturing supported an economy that’s still grappling with an overhang of bad debt.
Gross domestic product rose 6.03 percent in the first three months from the same period a year earlier, the General Statistics Office said in a release in Hanoi Thursday. That compares with a previously reported 6.96 percent pace in the last quarter of 2014 and the median estimate of 5.7 percent in a Bloomberg survey of eight economists.
Vietnam is trying to quicken a state share-sale program that began in the 1990s, as the government seeks to spur economic growth to a four-year high of 6.2 percent this year. Prime Minister Nguyen Tan Dung has also asked banks to lower borrowing costs to aid businesses and bolster expansion…
To read the original and complete article by Nguyen Dieu Tu Uyen, which was published in Bloomberg Business on 26 March 2015, click onto Vietnam growth holds above 6%, aided by manufacturing gains.