HANOI (Reuters) -- Vietnam's economy grew at a faster pace in the second quarter of this year led by strong exports, in an encouraging sign just days after U.S. President Donald Trump said he would place lower-than-threatened 20% tariffs on many Vietnamese products.

Concerns over the Southeast Asian manufacturing hub's outlook had been growing in the run-up to the trade deal announced on Wednesday, particularly as the U.S. is Vietnam's biggest export market.