Hanoi (VNA) – Algerian media outlets on October 6 published articles, praising Vietnam’s impressive economic achievements amid ongoing global uncertainties, emphasising that the country is affirming its position as one of the most dynamic economies in Asia.
According to the articles, which cited a statement from the Vietnamese Government, Vietnam’s GDP growth in the third quarter reached 8.2% – the highest level since 2011, excluding the strong post-pandemic rebound in 2022. In the previous quarter, GDP expanded by 7.96%, bringing the average growth rate in the first nine months of the year to 7.8% year-on-year.
Several newspapers also quoted Minister of Finance Nguyen Van Thang as saying that this was “the highest quarterly growth rate in more than a decade,” reflecting the flexibility and resilience of the Vietnamese economy amid challenges in global trade, including new US tariffs and rising disaster-related costs.
Algerian analysts observed that Vietnam’s ability to maintain robust growth while many major economies are slowing down reflects its macroeconomic stability, attractiveness to foreign investors, and the effectiveness of its reform policies. Vietnam aims to become an upper-middle-income country by 2030, with growth projected to reach 8% in 2025, up from 7.1% in 2024.
According to Algerian press coverage, the momentum of Vietnam’s economy showcases a balanced development model that combines industrialisation, international integration, and green transition, offering a valuable lesson for many developing economies in Africa and the Mediterranean region./.
