Update news export growth
With a record trade surplus of 9.12 billion USD over the first 11 months and year-on-year export growth of 7.8 percent, experts believe that 2019 will be the fourth straight year Vietnam will post a trade surplus.
Vietnam has been named one of the rising stars of global trade with the sixth position among the top 20 markets with the greatest potential for future trade growth, according to a recent report by Standard Chartered.
Growth in developing East Asian and Pacific economies is expected to slow from 6.3% in 2018 to 5.9% in 2019, and to 5.7% and 5.6% in 2020 and 2021, reflecting a broad-based decline in export growth and manufacturing activity.
The Ministry of Industry and Trade would not adjust its import and export goals despite current difficulties.
Economists have forecast that the Vietnamese economy could grow by 6.86 percent this year, higher than the 6.6 – 6.8 percent set by the National Assembly.
VietNamNet Bridge - Export growth has been slowing down for textile and garment firms, but the industry has not made a decision to target the domestic market.
VietNamNet Bridge – Tourism and travel are expected to contribute substantially to growth in trade in services and total export growth of Vietnam in the coming years,