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Vietnam economy grows at slowest pace in a decade

Vietnam economy grows at slowest pace in a decade

Vietnam's economy grew 5.3 percent this year, the slowest pace in a decade, as exports and investment wilted amid the global recession.
The growth was the lowest since 1999, when gross domestic product expanded 4.8 percent, according to the General Statistics Office. Last year, the country's economy expanded 6.2 percent.
The government has set a GDP growth target of 6.5 percent for 2010.
The GSO said in a statement Thursday that inflation slowed to 6.9 percent this year, down from 23 percent recorded last year, which was the highest since 1991.
Vietnam's trade deficit narrowed to $12.1 billion this year, down from a record high of $17 billion last year.


Updated : 2021-05-07 08:34 GMT+08:00