The year 2018 witnessed comprehensive and outstanding achievements across fields thanks to great efforts of businessmen and people under the leadership of the Party, according to PM Nguyen Xuan Phuc. PM figures out central tasks for 2019, source: VGP Many international organizations have said Vietnam has taken right steps to overcome difficulties and challenges to become one of the fastest-growing economies in the region and the world, PM Phuc wrote in a recent article. The economy expanded 7.08pc, the highest growth rate since 2008 and the GDP per capita rose to US$2,587 while macroeconomic backgrounds have been increasingly consolidated. Growth was mainly driven by robust expansion of processing and manufacturing (up 12.98pc) and agriculture (up 3.76pc). Export values reached nearly US$245 billion, in which export of domestic sectors soared 15.9pc compared to 12.9pc of the foreign-invested sector. The country has trading ties with more than 200 countries and territories. For the fist time in history, Viet Nam’s agricultural exports increased to more than US$40 billion. The growth quality has also improved with the total factor productivity (TFP) contributing 43.5pc to the GDP growth in 2018, and averaged 42.18pc between 2016-2018 compared to 33.58% from 2011-2015. In addition, the incremental capital… Read full this story
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