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Vietnam GDP grows 8.02% in 2022; fastest expansion in 25 years

Reading higher than official growth target of 6.0%-6.5%

People ride motorcycles in Hanoi on May 31, 2021.    © AP

HANOI (Reuters) -- Vietnam's gross domestic product grew 8.02% in 2022, the fastest pace annually since 1997, backed by strong domestic retail sales and exports.

The reading is higher than an official growth target of 6.0%-6.5% and growth last year of just 2.58%, when COVID lockdowns left a dent on the economy and impacted factory activity.

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