UPSC 2022: 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?

Vietnam has recorded GDP growth above 6 % in recent years, placing it among the world’s fastest-growing economies (Statement 1). Growth has been driven by deep integration into global supply chains and an export-led strategy (Statement 3), helped by competitive labour costs and a policy of keeping the dong relatively stable, which attracts manufacturers (Statement 4). Vietnam is a one-party socialist republic, not a multi-party system (Statement 2 false), and there is no evidence that its e-services sector is the most productive in the Indo-Pacific (Statement 5 false). ([worldbank.org](https://www.worldbank.org/en/news/press-release/2019/12/17/vietnams-economy-expanded-by-68-percent-in-2019-but-reforms-are-needed-to-unleash-the-potential-of-capital-markets?utm_source=openai))