German financial newspaper Finanznachrichten ran an article on May 19 covering the upcoming election of deputies to the 15th National Assembly and People’s Councils at all levels for the 2021-2026 tenure as well as the COVID-19 situation in Vietnam, expressing a belief that the country is controlling its latest outbreak.
Illustrative image (Photo: VNA) Berlin (VNA) - German financial newspaper
Finanznachrichten ran an article on May 19 covering the upcoming election of deputies to
the 15th National Assembly and People’s Councils at all levels for
the 2021-2026 tenure as well as the COVID-19 situation in Vietnam, expressing a
belief that the country is controlling its latest outbreak.
The article quoted Director of the Germany Trade and
Invest Office in Hanoi Frauke Schmitz-Bauerdick as saying that observers
believe Vietnam is doing a good job in curbing the new outbreak and can continue
with its economic strategies.
Despite COVID-19, she said, Vietnam was one of only a few
nations to post growth last year, of 2.9 percent. The Asian Development Bank has
forecast that growth may reach 6.7 percent this year and 7 percent next year.
Public investment, especially in infrastructure, as
well as personal consumption by the country’s growing middle-class and strong
exports will propel growth this year.
As of late April, she added, newly-registered investment
capital stood at 8.5 billion USD, up 24.7 percent year-on-year.
Meanwhile, the Handelsblatt newspaper spoke highly of the
potential of Vietnam’s stock market due to the high earnings on offer, especially
in stocks and bonds.
It named several funds possessing a high ratio of Vietnamese bonds, such
as Magna New Frontiers, MSCI Frontier Markets, the
Xtrackers S&P Select Frontier Swap ETF, Global Investment Funds - Frontier
Markets, and Frontier Markets Funds./.