Foreign Ministry: Vietnam recovers economy during, after COVID-19

Illustrative image (Photo: VNA)

Hanoi (VNA) - Vietnam has adopted synchronous policies and measures to recover its economy both during and after the COVID-19 pandemic, Vice Foreign Ministry Spokesman Doan Khac Viet has said.

During the ministry’s regular press conference in Hanoi on May 28, Viet said Vietnam has controlled and repelled the pandemic via drastic and effective action despite complex developments in the region and the world, thus laying an important foundation for strengthening trust among domestic and foreign investors.

He made the statement in reply to reporters’ questions about the fact that a wave of foreign investment is moving from China to elsewhere, with Vietnam being one of the most promising destinations.

Apart from effective counter-measures, he said, the Vietnamese Government has consistently followed a policy of boosting socio-economic development to improve economic resilience.

Vietnam is maintaining supply chains, promoting domestic trade and services and those between Vietnam and other countries, continuing to improve its business climate by slashing corporate costs and administrative procedures, and developing infrastructure and logistics.

It is also actively realising free trade agreements with partners and addressing difficulties faced by investors, including creating the conditions necessary for experts and highly-skilled workers to work in Vietnam while ensuring safe and effective pandemic prevention and control, he said./.