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Opinion

Vietnam's surprise GDP revision risks damaging economic credibility

Investors will lose trust in Asian nations as unexpected bonuses keep coming

| Vietnam
Nguyen Xuan Phuc's government now has political cover to increase borrowing.   © Reuters

Vietnam has found a quick and easy way to notch up an economic success.

At the stroke of a pen, the Communist-ruled country is revising upward the size of its gross domestic product -- by a whopping 25.4% -- for the seven-year period from 2011 to 2017. Presumably, 2018 -- when it grew 7.1% -- and the current year will also enjoy the fruits of Hanoi's giant statistical discovery.

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