Vietnam 2023 economic growth slows

This year’s gross domestic product growth was below a government target of 6.5% and lower than average growth of 5.87% during the previous decade. — Reuters

VIETNAM’S economic growth slowed to 5.05% this year from an expansion of 8.02% last year, according to official data, weighed by weak global demand while public investment stalled amid an intensified anti-graft crackdown.

This year’s gross domestic product growth was below a government target of 6.5% and lower than average growth of 5.87% during the previous decade, according to data released by the government’s General Statistics Office (GSO).