Vietnam’s economy grows at 6.76% in first half of 2019
(VOVWORLD) - Vietnam’s foreign direct investment (FDI) in the first 6 months of 2019 increased by 9.7 percent, higher than last year’s figure of 8.5%, according to Vietnam’s macroeconomic outlook for the first half of 2019 released on Thursday by the Vietnam Institute for Economic and Policy Research (VEPR).
 Vietnam’s economy grows at 6.76% in first half of 2019, heard a workshop on July 11, 2019. (Photo: saigondautu.com.vn) |
By the end of June, approximately 1,700 new projects were licensed with a total registered capital of more than 7.4 billion USD. Industry and manufacturing received the most attention from foreign investors, accounting for 73% of the newly registered capital, and are considered the economy’s foremost factors driving growth. The number of foreign tourists to Vietnam reached nearly 8.5 million, up 7.5%. Nguyen Duc Thanh, Director of the Vietnam Institute for Economic and Policy Research (VEPR), said: "Vietnam’s inflation rate in this year’s 2nd quarter has decreased despite electricity price hikes and adjustments related thereto. Vietnam is no longer experiencing a large trade deficit like in the past. Trade balance remains stable thanks to the exports of FDI businesses."