Illustrative image (Photo: Internet)
Berlin (VNA) – In an article posted on securities newswire boerse-online.de on July 7, author Sven Heckle praised Vietnam’s achievements in thefight against COVID-19 and its economic prospects.
He saidVietnam overcame the COVID-19 crisis impressively, which was one of the bestconditions to put its economy back to growth. The country has so far recordedabout 350 infections out of a 97 million population and zero death.
As Vietnamshares a borderline with China, its Government has taken precautionary measuressince the beginning of this year when there was not any infection case. Whenthe first infection was found, Vietnam promptly took experience from acuterespiratory illness SARS treatment to ward off the pandemic. Schools were shutdown, infected areas were isolated and air routes were closed. Thanks to the partial lockdown in a short duration, factories meeting hygiene requirementsstill operated. However, several sectors were also hit, including tourism withtourist arrivals slumping by about 40 percent in the first four months of this yearcompared to the same period 2019.
The articlecited JP Morgan bank’s forecast as saying that the Vietnamese economy isexpected to grow by nearly 3.2 percent this year before reaching 7.1percent next year. It is similar to the International Monetary Fund (IMF)’sprediction for around 7 percent growth in 2021.
The authoralso hailed the medium and long-term prospects of the Vietnamese economy,partly thanks to foreign direct investment (FDI). Since the Republic ofKorea’s Samsung Electronics opened the first smart mobile phone factory inVietnam in 2014, the Southeast Asian nation has witnessed a stable flow of FDI.
Meanwhile,multinational technological giants like Apple are also planning to move toVietnam, not to mention driving forces for the economy from the Free TradeAgreement between Vietnam and the European Union, its second largest importer,behind the US, he said./.
