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Vietnamese growth slows to 6.21% in 2016

Samsung smartphone debacle, weaker consumer spending take a toll

Vietnam serves as a major production base for South Korea's Samsung Electronics.

HANOI -- Vietnam's real domestic product grew more slowly for the first time in four years in 2016, official figures out Wednesday show.

The reading came to 6.21%, according to the General Statistics Office, slightly missing the 6.3% government projection released around autumn and the 6.7% initial forecast made at the start of the year.

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