Some German newspapers recently ran articles hailing Vietnam’s economicachievements and growth prospect as well as the active role played bythe country in the Association of Southeast Asia Nations (ASEAN).
TheDusseldorfer Abendblatt newspaper and the website Pressportal.de tooknote that Vietnam enjoyed a fast economic growth of 7-8 percent per yearafter the country applied its renewal policy and shifted to a marketeconomy.
They said Vietnam also quickly recovered from theimpacts of the financial crisis in 2008-09 and over the last threeyears, the Vietnamese government successfully made use of macroeconomicstabilisation policy, thus keeping a high economic growth at 5-6 percentper year, attracting 23 billion USD in foreign direct investment (FDI)in 2013, contributing to promoting the national economic development.
Vietnam’sinflation rate has dropped from over 20 percent in 2010 and 2011 toonly 6 percent in 2013, while its trade balance continued recording asurplus, with export turnover hit over 132 billion USD and importturnover was at 131.3 billion USD last year.
The articles alsohighlighted Vietnam’s efforts to integrate into the global economy byjoining many economic organisations in the world such the World TradeOrganisation, the International Monetary Fund (IMF) and the ASEAN FreeTrade Area (AFTA).
The country plays a crucial role in ASEAN, aregion with a 560 million population and about 800 billion USD in GDP,the articles said, adding that Vietnam along with other ASEAN membernations agreed to accelerate regional economic integration through theformation of a ASEAN economic community by 2015.
At the sametime, Vietnam is participating in negotiations of a Free Trade Agreementwith the European Union (EVFTA), which is expected to end late thisyear or at the beginning of 2015. The country is also in thenegotiation progress of the Trans-Pacific Partnership agreement with theUS and several other countries.
The der Focus – one of the largest newspapers in Germany- delivered assessments of Vietnam’s economic prospect in 2014.
Thearticle said economic index in the first nine months of this yearshow positive prospects for Vietnam’s economy in 2014 as well as somefollowing years.
Thanks to flexible economic policiesand a stable political situation, Vietnam is now one of the leadinginvestment destinations in ASEAN, the newspaper said, noting that thecountry needs to resolve several issues related to rising public debtand bad debt in its financial and banking system.-VNA
TheDusseldorfer Abendblatt newspaper and the website Pressportal.de tooknote that Vietnam enjoyed a fast economic growth of 7-8 percent per yearafter the country applied its renewal policy and shifted to a marketeconomy.
They said Vietnam also quickly recovered from theimpacts of the financial crisis in 2008-09 and over the last threeyears, the Vietnamese government successfully made use of macroeconomicstabilisation policy, thus keeping a high economic growth at 5-6 percentper year, attracting 23 billion USD in foreign direct investment (FDI)in 2013, contributing to promoting the national economic development.
Vietnam’sinflation rate has dropped from over 20 percent in 2010 and 2011 toonly 6 percent in 2013, while its trade balance continued recording asurplus, with export turnover hit over 132 billion USD and importturnover was at 131.3 billion USD last year.
The articles alsohighlighted Vietnam’s efforts to integrate into the global economy byjoining many economic organisations in the world such the World TradeOrganisation, the International Monetary Fund (IMF) and the ASEAN FreeTrade Area (AFTA).
The country plays a crucial role in ASEAN, aregion with a 560 million population and about 800 billion USD in GDP,the articles said, adding that Vietnam along with other ASEAN membernations agreed to accelerate regional economic integration through theformation of a ASEAN economic community by 2015.
At the sametime, Vietnam is participating in negotiations of a Free Trade Agreementwith the European Union (EVFTA), which is expected to end late thisyear or at the beginning of 2015. The country is also in thenegotiation progress of the Trans-Pacific Partnership agreement with theUS and several other countries.
The der Focus – one of the largest newspapers in Germany- delivered assessments of Vietnam’s economic prospect in 2014.
Thearticle said economic index in the first nine months of this yearshow positive prospects for Vietnam’s economy in 2014 as well as somefollowing years.
Thanks to flexible economic policiesand a stable political situation, Vietnam is now one of the leadinginvestment destinations in ASEAN, the newspaper said, noting that thecountry needs to resolve several issues related to rising public debtand bad debt in its financial and banking system.-VNA
