Economists concerned about maintaining high growth rateVietNamNet Bridge - The head of the Vietnam Economics Institute, Tran Dinh Thien, is not optimistic about the foreign invested enterprise sector (FIEs), though it is considered the brightest spot in the economy. The 6.7% growth rate is within reachFIEs’ contribution to Vietnam’s exports has been increasing rapidly from 57 percent in 2005 to 72 percent this year. However, their contribution of added value to GDP is modest, 15.2 percent in 2005 and 18.7 percent in 2016. As for Samsung, its suppliers are mostly from South Korea.Thien said the Vietnam economy, however, would be less bright without FDI (foreign direct investment).“The blame is on us, not external influences,” Thien said. “The GDP growth seems to be good, but problems exist in long-term growth.

Source: VietNamNet News January 01, 2018 07:10 UTC