Vietnam's government prioritizes economic growth amid weak global demand, slow industrial recovery, and high inflation.
Vietnam's government will prioritize economic growth due to lingering challenges, including weak global demand, slow industrial activity recovery, and high inflationary pressure, according to Deputy Prime Minister Le Minh Khai. Despite having one of the fastest growth rates in Asia, Vietnam's economy is still below its pre-pandemic level of 7%. The nation faces the brunt of elevated global interest rates, which depress demand for goods.
May 20, 2024
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