Vietnamese producers must improve product quality and make the most of their advantages so that imported goods don’t take over the market.
Though skeptical about the 6.7 percent GDP growth rate target, economists still believe Vietnam will be among Asia's fastest growing economies.
The US continued topping the list of 200 countries and territories importing Vietnamese goods in 2016, with a total import value of over 34.8 billion USD.
Foreign retailers are geared toward Vietnam’s e-commerce to take the lead in the market.
With a sales growth rate of 25 percent, Vietnam is the fastest-growing car market in ASEAN, while Thailand and Indonesia had a gloomy year with decreased growth.
The southern hub of Ho Chi Minh City aims to achieve 19 socio-economic targets in 2017, especially economic growth of 8.4 – 8.7%.
Foreign friends have been impressed by Vietnam’s expanded integration in international institutions and its bilateral and multilateral diplomacy.
ASEAN Community has scored after one year of its establishment in an interview recently granted to Vietnam News Agency.
Vietnam will continue to face challenges but will see plenty of opportunities for economic growth in 2017.
The average capital per enterprise was over VND8 billion (US$352,000), up 27.5% year on year. New enterprises created jobs for nearly 1.3 million workers.
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