Consider the following statements: 1. Vietnam has been one of the fastest growing economies in the world in…
Consider the following statements: 1. Vietnam has been one of the fastest growing economies in the world in the recent years. 2. Vietnam is led by a multi-party political system. 3. Vietnam's economic growth is linked to its integration with global supply chains and focus on exports. 4. For a long time Vietnam's low labour costs and stable exchange rates have attracted global manufacturers. 5. Vietnam has the most productive e-service sector in the Indo-Pacific region. Which of the statements given above are correct?
2 and 4
3 and 5
1, 3 and 4
1 and 2
Solution
1, 3, 4 correct: Vietnam is among fastest-growing economies, deeply integrated into global supply chains, and attracts manufacturers due to low labour costs and stable exchange rates. 2 incorrect: Vietnam is a one-party communist state. 5 incorrect: Vietnam does not lead e-services in Indo-Pacific.