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
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC IAS – 2022
– Statement 2: Vietnam is a socialist republic with a single-party system led by the Communist Party of Vietnam, not a multi-party system.
– Statement 3: Vietnam’s economic growth is strongly linked to its integration into global supply chains, particularly in manufacturing, and a focus on exports.
– Statement 4: Low labour costs and a stable exchange rate have been significant factors attracting foreign direct investment and global manufacturers to Vietnam for a long time.
– Statement 5: While Vietnam’s e-service sector is growing rapidly, claiming it is the “most productive” in the entire Indo-Pacific region is a very strong and likely inaccurate claim compared to more developed economies like South Korea, Singapore, or even parts of India.