Traditional sectors to spur Vietnam’s economic growth in 2020

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(VOVWORLD) - Economists believe that Vietnam will maintain its momentum to achieve an economic growth rate of 6.8-7%, primarily driven by traditional sectors.

Traditional sectors to spur Vietnam’s economic growth in 2020 - ảnh 1 Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI).

Vietnam’s GDP growth was 7.02% in 2019, the second consecutive year that the rate surpassed 7%.

Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry, talked about potential fields for investment through 2030: “Traditional sectors will continue to offer huge investment opportunities. They include the garment and textile, footwear, timber products, electronics, seafood, retail, tourism, entertainment, education, healthcare, logistics, and support industries. New opportunities will be found in the green economy, creative economy and the digital economy, together with smart urban development.”

Five additional sectors are predicted to see an economic boom this year: consumer goods, tourism, logistics, construction and construction materials, and agriculture and agricultural services. 

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