Vietnam’s economy has yet to bottom out despite a series of stimulus measures to bolster business confidence, Vietnam News reported on Friday.
Vietnam’s exports in May extended the decline by a further 5.86 percent from a year ago, though at a slower pace than an annual contraction of 17.2 percent in April, according to the General Statistics Office (GSO).
The Southeast Asian country’s exports have tumbled since last November, with a brief rebound in February, in the face of weaker demand abroad, adding urgency for support measures from the government, analysts said.
“There is no clear sign that Vietnam has bottomed out amid intensifying headwinds to growth.—Xinhua
