Vietnam’s GDP is expected to grow at 6.6% in 2017 following a drought-induced slowdown in 2016, according to Standard Chartered.
Tra fish (Vietnamese catfish) exports in 2016 increased by 7% to US$1.66 billion, accounting for 24% of total seafood export value.
This year marks Vietnam’s 10th year after accession into the World Trade Organization.
The manufacturing sector starts the new year amid a surge in new orders with the IPI having increased 8.30% in December.
The domestic economy was stable in 2016, particularly toward the end of the year, after a slump in the first half, said Nguyễn Đức Thành.
Vietnam posted a trade surplus of US$2.52 billion in 2016, reversing from a $3.55 billion deficit a year earlier, the customs department said today.
After pork, vegetables have become the second food in Ho Chi Minh City to have their origin made traceable via a simple QR scan.
The Politburo issued a resolution on developing tourism into a spearhead economic sector by 2020, contributing 10 per cent to the country’s GDP.
Vietnam’s auto industry saw its highest level of foreign direct investment thanks to loosened tax policies and rising personal incomes.
The Institute said the manufacturing sector will be a bright spot in Vietnam’s economy and inflation rate will be 5.9% this year.
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