August’s sixth straight export loss, the longest in 14 years, hampered the 6.5% GDP objective.
Manufacturers are also losing textile orders to Bangladesh due to their non-adoption of green methods.
“It will be very hard for Vietnam to meet its GDP growth target this year,” he said. The export-reliant country has been unable to gain economic momentum as global demand for products manufactured in Vietnam has waned and major markets such as China, the US, South Korea and Japan are enduring slowdowns, Hue said.
Vietnam’s slow rollout of government-funded infrastructure projects is contributing to the nation’s sluggish economy, Hue said. Just 42.4% of planned public investment disbursements had been released between January and August, he added.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MOE welcomes public applications for SPM 2023 exam invigilatorsKUALA LUMPUR: The Education Ministry (MOE) is inviting the public to apply to be invigilators for 2023 Sijil Pelajaran Malaysia (SPM) examinations for...
Read more »
International Red Cross head might visit Moscow, meet Putin by end of 2023MOSCOW: The president of the International Committee of the Red Cross (ICRC), Mirjana Spoljaric, plans to visit Moscow by the end of the year and hope...
Read more »
KPM buka permohonan pelantikan pengawas peperiksaan SPM 2023 kepada orang awamKUALA LUMPUR: Kementerian Pendidikan Malaysia (KPM) buat pertama kalinya membuka permohonan bagi pelantikan pengawas peperiksaan Sijil Pelajaran Malaysia (SPM) 2023 kepada orang awam.
Read more »
M'sia recorded RM132.6bil in approved investments for first half of 2023, says Tengku ZafrulKUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) expects approved investments to record stronger growth in the second half of 2023 (2H2023), on track to hit its annual target, after achieving RM132.6bil worth of approved investments in the first half of 2023 (1H2023).
Read more »
Tengku Zafrul: Malaysia records RM132.6b approved investment in H1 2023, on track to hit annual targetKUALA LUMPUR, Sept 17 — The Ministry of Investment, Trade and Industry (Miti) expects approved investment to record stronger growth in the second half of 2023 (H2 2023), on track...
Read more »
Rakyat Malaysia bersatu ‘Segulai Sejalai’ pada Hari Malaysia 2023Lebih 5,000 hadir di Stadium Perpaduan di Kuching untuk menyambut kelahiran Persekutuan Malaysia, yang didakap dengan slogan ‘Segulai Sejalai’ (Berjalan Seiringan).
Read more »