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ADB lifts Vietnam’s GDP growth forecast to 6.5 pct in 2023

HANOI, April 4 (Xinhua) — Vietnam’s economy is expected to grow 6.5 percent this year, supported by faster public spending, stronger private consumption and tourism recovery, the Asian Development Bank (ADB) said on Tuesday.

Vietnam’s exports and imports are expected to shrink by 7 percent this year due to weakening global demand, leading to a current account deficit equivalent to 1 percent to GDP this year, th