VIETNAM
From Times Staff and Wire Reports
Economy Expected to Grow 8% in 1994: Vietnam’s economy is expected to expand 8% this year, up from 7.5% in 1993 but short of the 9% forecast last week by the Asian Development Bank, according to the nation’s Finance Ministry. Finance Ministry Secretary Gen. Tran Van Ta blamed non-competitive exports for limiting economic growth. Export growth will slow to 15% this year from 20% in 1993 due to poor product quality and import quotas imposed by the European Union, he said.
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