Of these, agro-aqua-forestry products and processing industry saw a slowdown. Rice businesses experienced a shortage of large contracts from traditional markets.
Two major export fields including leather and footwear and garment and textile are under very difficult situation now.
So far, the leather and footwear export has reached only half of plan while garment and textile posted the lowest growth rate for the last ten years of 5.4 percent.
According to experts, exports contribute to 60 percent of Vietnam’s gross domestic product (GDP) annually. If the reduction trend continues, it will affect the GDP growth target of 6.7 percent set by the National Assembly in 2016.
Source:businesstimes
