CORRECTED (OFFICIAL) -Vietnam says Q1 GDP growth likely to be 1 percentage point slower vs target

Vietnam's gross domestic product growth in the first quarter of this year will likely be one percentage point slower than target due to China's fast-spreading coronavirus epidemic and a week-long Lunar New Year holiday, the government said on Wednesday.

Vietnam's aviation, tourism, agriculture industries and exports are expected to take a hit from the epidemic, the government said in a statement. "If Chinese economy slowed significantly, it would continue to impact Vietnam," the statement said.

China, where the epidemic has killed 490 people, is Vietnam's largest trading partner.