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Manufacturing slump drags on Vietnam growth

Hanoi seeks broader exports as Samsung production slows

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Workers at a garment factory in Hung Yen province, outside Hanoi, on January 5.   © Reuters

HANOI -- Vietnam's real gross domestic product grew just 5.1% on the year in the January-March period, the lowest in three years, as the industrial sector stumbled amid trouble at growth driver Samsung Electronics.

The General Statistics Office reported the rate, last seen in the first quarter of 2014, a year when annual growth fell below 6%. The slowdown means trouble for Hanoi's target of 6.7% growth this year.

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