Rice is packaged at the privately-owned Cỏ May Company in Đồng Tháp Province. The private sector has been driving force for growth in the first three quarters. VNA/VNS Photo Vũ Sinh HÀ NÔI — The private sector was the main driver of growth for Việt Nam in the first nine months this year, a conference held by the Central Institute for Economic Management (CIEM) heard on Wednesday in Hà Nội. CIEM also shared a report it jointly conducted with an Australian programme to support Vietnam’s economic reform (Aus4.Reform Program) at the conference, that stated economic growth in Q3 and the first nine months maintained at a relatively high level. While the macro-economy remained stable, the report said local industrial industries had grown rapidly with the largest contributor to GDP being the processing industry. Imports and exports also kept up their momentum with a trade surplus in the first nine months estimated at US$7.1 billion, exceeding the same period in 2018, said the report. Regarding the imports and exports, the contribution of FDI enterprises had slowed while the private sector had become the main driving force of growth. Nguyễn Anh Dương, head of CIEM’s General Research, said: “The FDI sector has slowed with export growth of 5 per cent, or one digit growth,… Read full this story
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