Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialisation and a fast-growing middle-class, experts told AsianInvestor which focuses on the region’s investment industry.
Vietnam is showing signs of socio-economic recovery though the COVID-19 pandemic remains complex, according to Francois Painchaud, Regional Resident Representative of the International Monetary Fund (IMF) in the country.
Vietnam will record positive economic growth in 2021, at around 6-7 percent, if the country continue support for vulnerable groups in the economy, as well as the freshly-rolled out vaccination campaign, said Jonathan Ostry, Deputy Director of the Asia and Pacific Department of the International Monetary Fund (IMF).
The Malaysian news service site theinnews.com (INS) has published an article, titled “Vietnam’s economy to keep growing solidly with new leaders”, highlighting that despite COVID-19, Vietnam has emerged as a shining star in Asia.
Vietnam’s economy is set to grow at 6.5 percent this year, higher than the global average of 6 percent, as it shrugs off the impacts of COVID-19 pandemic, according to the lastest world economic outlook published by the International Monetary Fund on April 7.
Vietnam’s economy is set to grow at 6.5 percent this year, higher than the global average of 6 percent, as it shrugs off the impacts of COVID-19 pandemic, according to the lastest world economic outlook published by the International Monetary Fund on April 7.
German’s DVZ e-newspaper has run a story by Claudius Semmann highlighting Vietnam’s success in controlling the COVID-19 pandemic and secure economic development, maintaining its bright outlook amid the global crisis.
Many international organizations have forecast robust economic recovery for Vietnam in 2021.
China’s Newsweek ran an article recently highlighting the positive outlook for Vietnam’s economy.
The leadership of the Communist Party of Vietnam (CPV) has been a decisive factor for the success of the battle against the COVID-19 pandemic in the country, according to a foreign diplomat.
The Diplomatic Society, a newspaper with printed and online versions popular in the diplomatic and political communities of South Africa, on January 28 published an article highly valuing 35 years of Vietnam’s innovative development under the leadership of the Communist Party of Vietnam (CPV).
German media outlets have run articles covering the 13th National Congress of the Communist Party of Vietnam (CPV) and highly evaluated the country’s anti-COVID-19 efforts and economic achievements and prospects for future development.
Vietnam has shown that there is indeed an effective way to deal with the COVID-19 pandemic, even in the absence of a vaccine that can allow an economy to recover, according to Helge Berger, Assistant Director of the Asia & Pacific Department at the International Monetary Fund (IMF).
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
Vietnam has emerged as an economic bright spot with a growth rate of 2.91 percent in 2020, which is attributable to the country’s efforts in containing COVID-19 and timely support policies to people and businesses, international organisations said.
The COVID-19 situation has considerably sped up the transition of manufacturing work into Vietnam and the country is uniquely positioned to take advantage of this move.
Foreign media view 2020 as a truly special year for Vietnam as the country has not only performed the dual role of ASEAN Chair and a non-permanent member of the UN Security Council (UNSC) but also done a good job of concurrently containing COVID-19 and sustaining economic growth.
Regardless of the Covid-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia, according to international organisations.