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Investing.com -- Vietnam’s gross domestic product grew 7.6% in the second quarter compared to the same period last year, according to Deputy Prime Minister Nguyen Hoa Binh. Speaking to parliament Friday, Binh reported that the country’s annual growth for the first half of the year is estimated at 7.3%. Despite these strong figures, Binh acknowledged it would be a "big challenge" for Vietnam to achieve its 8% growth target for the current year. The Deputy Prime Minister also stated that Vietnam is working to maintain harmonious trade relations with both the United States and China, which are the country’s two largest trading partners. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.