GSO said the major driving force behind the high growth rate were the development of processing, manufacturing industry, export and domestic consumption (12.8 percent, while Samsung reported the growth rate of 45 percent); improvement in agriculture production and fisheries; and a sharp increase in exports (+19 percent), especially from foreign invested enterprises.

Le Cao Doan, a renowned economist, noted that domestic production did not make a big contribution to GDP.

Vietnam’s exports increased by 8.6 percent in 2016, higher than the 8.1 percent growth rate in 2015. And the exports continued rising with $200 billion worth of earnings in the first eight months of 2017, an increase of 13 percent compared with the same period last year.

The highest number of exports were not from Vietnamese enterprises, as foreign invested enterprises were the major exporters. Tiếp tục đọc “GDP growth must rely on internal strength: economists” →