Dependence of Vietnam exports on FDI sector concerns experts

The local export turnover is estimated at US$77.34 billion, an increase of 22 per cent. — VNA/VNS

HANOI (Vietnam News/ANN): Vietnam has enjoyed high export growth but experts are concerned that the main contributor is foreign direct investment (FDI).

In the first quarter of the year, the country saw an estimated import and export value of US$152.65 billion, up 24.1 per cent over the same period last year. Of which, export turnover was estimated at $77.34 billion, an increase of 22 per cent from Q1 of 2020.