A group of experts on Mekong Delta studies was introduced in Ben Tre province on October 25, as part of the third Mekong Connect 2017 economic forum.
Vietnam can no longer rely on the increasing investment by the public sector and exploitation of natural resources to drive its economic growth in the future, the Prime Minister’s newly established economic council warned in its very first meeting.
To obtain a 6.7% GDP growth rate in 2017, Vietnam needs to change its economic structure, experts say.
Vietnam is facing tough challenges to fulfil its economic growth target for this year amidst the country is experiencing trade deficit and depending on foreign direct investment sector, held Dr. Vu Thanh Tu Anh, Fulbright University’s Director of Research.
So many industries are listed as ‘leading-edge industries’ that it is unclear which of these should be accorded top priority for development.
Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Industry and Trade (MoIT) and relevant agencies to study the possibility of applying safeguards to protect the domestic automobile manufacturing industry from looming zero-tariff car imports.
Ninety-six percent of Vietnam’s enterprises are small businesses, with the majority having 10 workers or less. Only 2% of enterprises are large in size, while another 2% are medium size.