Vietnam’s Export Decline Slows Economic Expansion
Vietnam’s economic growth slowed in the first quarter of this year due to a decrease in exports. This dip is attributed to reduced consumer demand, according to an announcement made by authorities yesterday.
The country’s gross domestic product (GDP) grew just 3.82 percent during the period from January-March 2019 compared with 6.79 percent for the same time last year, making it one of Asia’s weakest-performing economies so far this year. Exports were down 5 percent and imports fell 4 percent during that same period as well, leading some economists to speculate about whether or not Vietnam can sustain its current level of economic growth over the coming months and years ahead given these figures alone suggest otherwise at present time.
For Vietnam’s economy to remain stable and continue growing into 2020, experts are suggesting that further investments be made into infrastructure projects such as roads and transportation networks which could help stimulate local consumption while also increasing foreign direct investment into key sectors like manufacturing where there is potential for job creation opportunities too if done correctly moving forward…Read more at Hürriyet Daily News