Vietnam Q2 growth picks up to 4.14% but remains lackluster

Minister says achieving 6.5% annual target a 'big challenge'

20230628 Hanoi street

Scooters zip through Hanoi's busy streets. Vietnam has been one of the fastest-growing economies in Asia. (Photo by Yuji Nitta)

YUJI NITTA, Nikkei staff writer

HANOI -- Vietnam's economy grew 4.14% in the April-June period from the same time a year earlier, according to an official estimate released on Thursday, picking up from an expansion of 3.3% in the first quarter but still slower than the pace of previous upswings as export demand loses steam.

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