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Vietnam’s economic hub posts slow growth in Q1

HANOI, April 5 (Xinhua) — Ho Chi Minh City, Vietnam’s southern economic hub, recorded a year-on-year growth of 0.7 percent in the first quarter as persistent global uncertainties and high interest rates led to a contraction in manufacturing sectors, underscoring challenges facing the Southeast Asian country’s biggest city in the year ahead, Vietnam News reported on Wednesday.

Ho Chi Minh City’s gross regional d