Monday, July 3, 2017

Vietnam second quarter GDP surges

Daily Times:

Vietnam's economy bounced back in the second quarter posting a 6.17 percent growth rate, according to official figures Thursday, a boost driven by gains in the industrial and services sectors.

The export-driven economy saw growth slow last year as the country struggled to recover from a major drought and mass fish kill along its central coast.

Growth in the first three months of this year hit a three-year low of 5.15 percent thanks to a slump in exports from Samsung, the country's leading investor. But GDP growth rates from April to June jumped to 6.17 percent, according to the General Statistics Office (GSO).

I am betting that Vietnam will be one of the best performing economies over the next few decades.

Here is my investment thesis on investing in Vietnam.

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