Vietnam posts impressive GDP growth so far this year  (Photo: nhandan.org.vn)

 Vietnam’s GDP growth in the past 9 months was 6.98%, the best nine-month performance since 2011. The agro-forestry-fisheries sector posted high growth, and the processing and manufacturing industry continued to be the driving force of the economy with 12.65% growth.

Export value reached 179 billion USD, an increase of 15.4%. Significantly, the domestic economic sector earned more revenue than FDI enterprises did. The trade surplus reached 5.39 billion USD, a record high.

Minister and Chairman of the Government Office Mai Tien Dung said: “We have already completed all 12 goals set by the National Assembly for this year, exceeding 8 of the 12 targets. This year’s deficit is expected to be even lower than the set target. At the current growth rate, GDP growth for the whole year will exceed 6.7%.”

Mr. Dung said nine norms have completed the 5-year plan, many challenges remain “We need to identify problems, especially those caused by the trade war between China and the US. We should not be satisfied with what we have achieved so far. It’s essential to boost institutional reform, streamline our organization and workforce, and revise decrees on reducing trade conditions.”

Ministries, sectors, and localities are being urged to implement solutions, closely monitor and respond to changing conditions, and hold inflation below 4%.