According to Russia’s Sputnik radio, Mazyrin described GDP growth as the most outstanding success of Vietnam. Rating agencies and the World Bank also forecast Vietnam’s growth at 6.5-7% this year and coming years.
In his view, 4-5% growth is also a great success of Vietnam as many countries posted negative growth amid COVID-19.
Given that industrial production growth stood at roughly 9% in 11 months of this year, he said industry remains a major industry of the Vietnamese economy and Vietnam has made progress in its goal of becoming a manufacturing workshop of the world.
During the period, foreign direct investment in Vietnam reached 25 billion USD, lower than 5% recorded in the same period last year. However, he still believed that the figure is high.
He noted that capital absorption rate in Vietnam improved markedly, which rose by 15% to some 20 billion USD.
The scholar forecast that later this year, Vietnam’s trade value will reach up to 800 billion USD.
