Vietnam’s Sang Says Low Growth a Must While Restructuring

Vietnam must accept “low” economic growth while it restructures its economy and should aim for annual expansion of at least 5 percent, according to President Truong Tan Sang.

Growth less than 5 percent would be “dangerous,” and spur high unemployment, Sang said in a Jan. 21 interview with Vietnam News Agency, the official state media. The country should try to gradually boost growth to 7 percent to 8 percent and stabilize the macro-economy, he said, without specifying a time frame.