Consider the following statements:
1. Vietnam has been one of the fastest-growing economies in the world in 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 labor 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?
Explanation
Correct answer: (c) 1, 3 and 4
Vietnam’s post-1986 Doi Moi reforms delivered fast, export-led growth (1) built on global supply-chain integration (3) and low labour costs with a stable exchange rate (4) that drew in manufacturers like Samsung.
Statement 2 is incorrect: Vietnam is a one-party socialist republic, not a multi-party system.
Statement 5 is incorrect: its e-services sector is growing but is not the region’s most productive — that distinction belongs to more mature Indo-Pacific economies.