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Economy

Vietnam posts GDP growth above 7% for second year running

Exports and foreign investment were robust

Processing and manufacturing industry continued to be the main growth driver.   © Reuters

HANOI (Reuters) -- Vietnam's economic growth slowed to 7.02% this year, bettering a government target of 6.8% and just a touch below the decade-high growth rate of 7.08% posted in 2018, the General Statistics Office (GSO) said on Friday.

The processing and manufacturing industry grew 8.9% and continued to be the main growth driver for the economy, while the services sector rose 7.3% and the agricultural sector was up 2.01%, the GSO said in a statement. Exports and foreign investment were robust, it added.

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