Exports and investments will continue driving Vietnam's economic growth in the remainder of this year, helping the nation realise the growth target of 6-6.5%, according to insiders.
Exports and investments will continue driving Vietnam's economic growth in the remaining months of this year. (Photo: VNA)
Hanoi (VNA) – Exports and investments will continue driving Vietnam's economic growth in the remainder of this year, helping the nationrealise the growth target of 6-6.5%, according to insiders.
Although exports are facing an uphill journey to achieve the growth target of 6%this year due to dwindling global demand, they are among the key drivers foreconomic expansion until the end of this year, Deputy Minister of Industry and TradeDo Thang Hai said.
In August, Vietnam shipped 32.37 billion USD worth of goods abroad, up 7.7%year-on-year, marking the 4th consecutive month of growth, statistics from theGeneral Statistics Office of Vietnam showed.
Robust growth was seen in the export of electronic products, computers andparts, telephones and parts, garments and textiles, and wood and woodenproducts.
Hai said that together with exports, investments will accelerate in the comingtime.
Over 299 trillion VND (12.4 billion USD) of the public investment budget wasdisbursed during January – August to speed up economic growth, accounting for 42.5%of the annual plan set by the Prime Minister, and making it the highest amount everdisbursed in eight months.
With the result, Deputy Minister of Planning and Investment Tran Quoc Phuong pinnedhis hope on achieving disbursement target.
Meanwhile, permanent member of the National Assembly’s Finance – Budget CommitteeTran Van Lam said tourism, which made an impressive recovery, is also alocomotive for the country's economic growth.
Enterprises, businesses, and localities should exert more efforts tofurther boost tourism development, he said, elaborating that Vietnam’s GDP bottomedout at 3.72% in the first half of this year, lagging behind the economic growthscenario of 7-8%.
Besides growth target, Lam also said it is a must to stabilise themacro-economy, control inflation, and ensure major balances./.
Vietnam’s economic growth is projected to be still positive in the short term, according to the London-based audit service supplier PricewaterhouseCoopers (PwC).
Foreign direct investment (FDI) attraction, consumption, and tourism are considered silver linings in Vietnam’s economic growth in the coming months of this year, insiders said.
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Exports and investments will continue driving Vietnam's economic growth in the remaining months of this year. (Photo: VNA) 
