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?

(a) 2 and 4

(b) 3 and 5

(d) 1 and 2

APEDIA

UPSC Prelims

2022 • 05 Jun, 2022 • Paper-1

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?

Correct Answer

Economic Trajectory: Statement 1 is highly accurate. Vietnam has consistently registered exceptionally high and resilient GDP growth rates over the last decade,......

💡 Analysis & Explanation

Economic Trajectory ▼

Statement 1 is highly accurate. Vietnam has consistently registered exceptionally high and resilient GDP growth rates over the last decade, making it a standout tiger economy" in global markets.

Political System ▼

Statement 2 is entirely incorrect. Vietnam operates strictly under a single-party socialist republic governance model

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