Vietnam's 5% economic growth for 2023 misses official target

Southeast Asian manufacturing hub's GDP expansion weighed by drop in export orders

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Workers at a private garment factory in Hanoi. Vietnam's export-driven economy has been slowing. © Reuters

YUJI NITTA, Nikkei staff writer

HANOI -- Vietnam's economy expanded 5.05% in 2023, missing the government's official growth target of 6.5%, as the Southeast Asian export hub suffered from slowing overseas demand.

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