Business community among key economic growth impetus

GSO Director General Nguyen Bich Lam said in the first nine months, over 100,000 businesses registered establishment and resumed their operation. Of them, 81,000 were new enterprises with a total capital of over VND629 trillion (US$28.3 million).

Lam attributed the increase to a favourable business condition.

He affirmed the business community is a driving force for economic growth in the remaining months of this year.

Lam emphasised economic restructuring as the second driving force with focus on the agricultural sector to boost economic development.

In the first nine months this year, the agricultural sector accounted for 15% of the GDP, Lam said, adding that restructuring agricultural sector will promote exports.

Boosting domestic consumption is described as the third driving force in order to ensure sustainable economic growth, according to Lam.

In the reviewed period, the country’s GDP grew 5.93%, lower than the previous years. The agro-forestry-fisheries sector increased 0.65%, a six-year low increase, according to the GSO.