AFP, Hanoi :
Vietnam’s economy grew 6.81 percent this year — its strongest rate for a decade-thanks in part to surging exports, data showed Wednesday.
Full-year GDP growth was slightly above the government target of 6.7 percent and outstripped the 6.21 percent posted for 2016, the General Statistics Office (GSO) said.
Growth was driven by the agriculture, seafood and forestry sectors, according to GSO head Nguyen Bich Lam.
“The efficient recovery of agricultural production and the development of the aqua sector are the main reasons for growth,” he told reporters.
Total exports were worth more than $213 billion this year, a 21 percent jump from 2016, the GSO said.
The impressive growth reflects “a strong rebound of the agriculture sector, rising global and domestic demand which helped to boost manufacturing and trade, and robust foreign investment inflows,” Luong Hoang from Viet Capital Securities told AFP.
“I believe the strong growth momentum will continue next year and the government’s target of 6.5 percent to 6.7 percent is very feasible.”
This year’s growth-the highest since 2007 according to official statistics-emerged after a slow start to 2017.
Vietnam’s economy grew 6.81 percent this year — its strongest rate for a decade-thanks in part to surging exports, data showed Wednesday.
Full-year GDP growth was slightly above the government target of 6.7 percent and outstripped the 6.21 percent posted for 2016, the General Statistics Office (GSO) said.
Growth was driven by the agriculture, seafood and forestry sectors, according to GSO head Nguyen Bich Lam.
“The efficient recovery of agricultural production and the development of the aqua sector are the main reasons for growth,” he told reporters.
Total exports were worth more than $213 billion this year, a 21 percent jump from 2016, the GSO said.
The impressive growth reflects “a strong rebound of the agriculture sector, rising global and domestic demand which helped to boost manufacturing and trade, and robust foreign investment inflows,” Luong Hoang from Viet Capital Securities told AFP.
“I believe the strong growth momentum will continue next year and the government’s target of 6.5 percent to 6.7 percent is very feasible.”
This year’s growth-the highest since 2007 according to official statistics-emerged after a slow start to 2017.
