Illustrative image (Photo: VNA) Berlin (VNA) - German financial newspaperFinanznachrichten ran an article on May 19 covering the upcoming election of deputies tothe 15th National Assembly and People’s Councils at all levels forthe 2021-2026 tenure as well as the COVID-19 situation in Vietnam, expressing abelief that the country is controlling its latest outbreak.
The article quoted Director of the Germany Trade andInvest Office in Hanoi Frauke Schmitz-Bauerdick as saying that observersbelieve Vietnam is doing a good job in curbing the new outbreak and can continuewith its economic strategies.
Despite COVID-19, she said, Vietnam was one of only a fewnations to post growth last year, of 2.9 percent. The Asian Development Bank hasforecast that growth may reach 6.7 percent this year and 7 percent next year.
Public investment, especially in infrastructure, aswell as personal consumption by the country’s growing middle-class and strongexports will propel growth this year.
As of late April, she added, newly-registered investmentcapital stood at 8.5 billion USD, up 24.7 percent year-on-year.
Meanwhile, the Handelsblatt newspaper spoke highly of thepotential of Vietnam’s stock market due to the high earnings on offer, especiallyin stocks and bonds.
It named several funds possessing a high ratio of Vietnamese bonds, suchas Magna New Frontiers, MSCI Frontier Markets, theXtrackers S&P Select Frontier Swap ETF, Global Investment Funds - FrontierMarkets, and Frontier Markets Funds./.
