Việt Nam’s strong economic growth would continue this year, driven by increasing FDI and robust domestic demand. — VNS Photo Lê Vy HÀ NỘI — Since its emergence early last year, the US-China trade conflict has not shown signs of easing. Companies are increasingly concerned about the impact of trade tariffs and other trade protection measures, with many actively planning to divert their production from China.These issues were discussed at a conference titled “From manufacturing in Việt Nam to Made-in-Việt Nam products” on Thursday. Meanwhile, Việt Nam has emerged as a prime manufacturing location in Asia. Việt Nam’s economy expanded 7.1 per cent last year, the fastest growth in the past decade. All major sectors recorded notable growth, buoyed by manufacturing, construction, wholesale and retail, and tourism. Việt Nam’s strong economic growth would continue this year, driven by increasing FDI and robust domestic demand, said Suan Teck Kin, executive director of global economic and markets research of the United Overseas Bank (UOB), at the conference. In the first half of this year, the economy grew 6.8 per cent year-on-year, driven by agriculture, forestry and fishery, industry and construction, and services. Exports and industrial production remained significant growth drivers. Due to solid growth… Read full this story
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