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.
German historian and veteran journalist Gerhard Feldbauer has hailed the significance of Party General Secretary Nguyen Phu Trong’s article “Several theoretical and practical issues on socialism and the pathway towards socialism in Vietnam”.
Vietnam’s economy is expected to grow by between 6-6.5 percent over the next decade, and at this pace, it will surpass Singapore by 2030, DBS Bank experts have said.
The US business community plays an important role in promoting economic partnership between Vietnam and the US, stated Deputy Prime Minister Pham Binh Minh at an online talks with US firms on June 30 to exchange visions, initiatives and solutions in promoting bilateral ties and supporting Vietnam in post-pandemic recovery and development.
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.
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).
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.
Since the Democratic Republic of Vietnam was established on September 2, 1945, the country has risen from a zero-budget nation, which had to call for contributions from citizens, to a middle-income country with a dynamic economy.