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Economy

Vietnam economy grows nearly 7% on trade war tailwinds

Manufacturing exodus from China propels one of fastest boosts in region

Shipping containers are stacked at a port in Haiphong, northern Vietnam. Shipments to U.S. from Vietnam are on the rise as companies seek to avoid tariffs on Chinese products.   © Reuters

HANOI -- Vietnam's real gross domestic product rose 6.71% on the year in the April-June quarter, marking one of the highest growth rates among key Southeast Asian economies as it shapes up into an alternative export hub to China.

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