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Vietnam’s economy attractive to foreign investment

22/6/20
Ho Chi Minh city, the leading economic hub in Vietnam
Vietnam is like a rising star, meeting all the factors to improve its economic image and attract more foreign investment flows, according to an article published by The Times of India.

In the context of the COVID-19 pandemic, Vietnam has been getting a lot of attention as it has managed to cage the outbreak with a sheer iron will, the article said.

Vietnam is fast emerging as the preferred destination of multinational firms, it stressed, adding that the Southeast Asian nation is revving up its economic engine and has already restarted domestic tourism.

The IMF forecasts that Vietnam is likely to post economic growth 2.7 percent in 2020, while the World Bank has pegged it at 4.9 percent - far greater than regional peers.

“Vietnam finds itself in a sweet spot today. It has contained COVID-19, weathered most of the economic storm, and has the right ingredients to take full economic advantage of the post-pandemic scenario”, the article said.

Foreign media also ran articles on the assessment of Vietnam’s success in containing the spread of the virus and working for its economic recovery.

Axios.com said Vietnam was one of the first in the world to re-open with few restrictions, and it was already enjoying a flood of foreign investment.

Meanwhile, Channelnewsasia (CAN) said the COVID-19 pandemic is a test for all systems in Vietnam, and the country passed it with excellent results.

From the success of Vietnam, the Brookings Institution has made a series of suggestions on how to change the development strategy so that it not only grows faster but also achieves better achievements./.

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All comments [ 20 ]


LawrenceSamuels 22/6/20 21:44

Viet Nam has been named one of the rising stars of global trade with the sixth position among the top 20 markets with the greatest potential for future trade growth

Red Star 22/6/20 21:45

the country is also the best performer among the ASEAN nations

Me Too! 22/6/20 21:45

the country shows the strongest progress in trade growth potential of all the ASEAN markets

Voice of people 22/6/20 21:47

Vietnam has the good trade readiness and economic dynamism.

Vietnam Love 22/6/20 21:49

The market’s improving strength in trade readiness is attributed to infrastructure enhancements and improvements to its ease of doing business score

Socialist Society 22/6/20 21:50

its economic dynamism is driven by healthy growth, particularly in terms of export volumes.

yobro yobro 22/6/20 21:51

economic and political reforms over recent decades have spurred Viet Nam economic growth, bolstered by strong domestic demand and manufacturing-led export success

For A Peace World 22/6/20 21:52

The market has solid foundations for growth: it is politically stable, well-located for global supply chains and has a relatively young population

John Smith 22/6/20 21:54

The government has built on these foundations, focusing on business reforms and deregulation, investing in human capital and infrastructure, and embracing trade liberalisation

Gentle Moon 22/6/20 21:55

Rising tourism inflows and stronger domestic demand, supported by higher wages, are also likely to sustain strong growth.

Duncan 22/6/20 21:56

Vietnam has found itself in a sweet spot as the prime beneficiary of the US-China Trade War

Enda Thompson 22/6/20 21:57

its economy is set to be bigger than that of Singapore’s within a decade.

Herewecome 22/6/20 21:58

Boosting a young population, productive labour force, much-improved infrastructure and relatively stable political environment, Vietnam has piqued the interest of investors who have been lining up to immerse themselves into the Vietnam narrative.

Robinson Jones 22/6/20 22:03

Vietnam has an opportunity to leapfrog developed markets’ supply chain evolution and head directly to world’s best practice.

Egan 22/6/20 22:04

The robust economic growth of the past decades rightly gives the Vietnamese people enduring hope for the future of their country.

Jacky Thomas 22/6/20 22:06

Vietnam is now growing so fast

Kevin Evans 22/6/20 22:09

Vietnam has really made a more-than-expected breakthrough and is expected to continue to grow rapidly.

Swift Hoodie 22/6/20 22:10

Vietnam's economic achievements and forecast that the country’s economy will continue to grow strongly.

Wilson Pit 22/6/20 22:13

Economic growth exceeded the set target while the macroeconomic stability was maintained, inflation was controlled and major economic balances were consolidated and expanded

Allforcountry 22/6/20 22:14

The lives of people in all parts of the country have changed markedly

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