August’s sixth straight export loss, the longest in 14 years, hampered the 6.5% GDP objective.
Manufacturers are also losing textile orders to Bangladesh due to their non-adoption of green methods.
“It will be very hard for Vietnam to meet its GDP growth target this year,” he said. The export-reliant country has been unable to gain economic momentum as global demand for products manufactured in Vietnam has waned and major markets such as China, the US, South Korea and Japan are enduring slowdowns, Hue said.
Vietnam’s slow rollout of government-funded infrastructure projects is contributing to the nation’s sluggish economy, Hue said. Just 42.4% of planned public investment disbursements had been released between January and August, he added.
Italia Ultime Notizie, Italia Notizie
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