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The Future of Asia 2023

Vietnam will stick to 6.5% GDP target despite headwinds: deputy PM

Tran Luu Quang says public investment ramping up to compensate

Vietnam's Deputy Prime Minister Tran Luu Quang tells Nikkei's Future of Asia conference about his country's economic outlook in Tokyo on May 25. (Photo by Yuki Nakao)

TOKYO -- Vietnam will not change its 6.5% target for annual gross domestic product growth, Deputy Prime Minister Tran Luu Quang told Nikkei's Future of Asia forum on Thursday, despite pressure from higher global interest rates.

In the first quarter ended in March, Vietnam recorded 3.3% growth, much lower than the target. Quang said that the "first quarter number was not appropriate."

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