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Int’l press highlights Vietnam’s impressive economic development

Over the past week, the international press has run numerous articles highlighting the impressive development of Vietnam’s economy.
Int’l press highlights Vietnam’s impressive economic development ảnh 1Int’l press highlights Vietnam’s impressive economic development (Illustrative image. Source: VNA)

Hanoi (VNA) – Over the past week, theinternational press has run numerous articles highlighting the impressivedevelopment of Vietnam’s economy.

German finanzen.net reveals the secrets thathelp Vietnam become more attractive to foreign investors. It noted that fromAugust 2017 to early 2018, the Hanoi stock market increased more than 60percent thanks to the country’s efforts to continue opening door to investors.Gross domestic product (GDP) growth and retail sales were stable. The tourismindustry was developing. Inflation was kept at a low level.

Forbes magazine evaluated that the Vietnamesegovernment’s policies on foreign investment attraction, state asset equitsationand trade liberalisation remain stable and predictable.

China’s news agency Xinhua cited the latestreport of the World Bank as saying that Vietnam received approximately 13.8billion USD in 2017, up 16 percent on year, being listed among the world’stop 10 recipients of remittances in 2017.

Indonesia’s daily newspaper Jakarta Globecarried a story saying the six agreements signed during the visit by PrimeMinister Nguyen Xuan Phuc to Singapore will contribute significantly toVietnam’s development.

Singapore is the third biggest foreign investorin Vietnam with over 1,800 projects. The smart cities network is Singapore'sflagship initiative as the chair of ASEAN this year. Three major cities ofVietnam - Hanoi, Ho Chi Minh City and Da Nang - will be part of the network.

The Feedstuffs website said Vietnam is one ofthe countries within the Association of Southeast Asian Nations (ASEAN) withone of the fastest-growing economies in the world. For the first quarter of2018, Vietnam’s gross domestic product (GDP) showed promising 7.4 percentgrowth, which will flourish its business throughout this year, according to areport from Charoen Pokphand Foods Public Co. Ltd. (CPF) - one of the firstThai companies that invested in Vietnam via CP Vietnam Corp.

“The Vietnamese government has plans to increaseits seafood exports, especially of shrimp. It is forecasted that Vietnam'sshrimp exports will increase from 690,000 tonnes in 2017 to 830,000 tons in2018 and to 1.14 million tons by 2025. This will make Vietnam one of thelargest shrimp producers in the world.”

Russian newspaper Kommersant ran a story sayingVietnamese dishes have become popular in Yekaterinburg city, the capital of theUrals region, with population of over one million. 

At present, there are 19 places that can enjoyVietnamese cuisine, of which eight are only serving Vietnamese food. This showsmore and more Russians appreciate the rich gastronomy of Vietnam.-VNA
VNA
#international press #articles #impressive development #Vietnam's economy #foreign investors #GDP growth #tourism #World Bank #Xinhua #Jakarta Globe #Feedstuffs #cuisine #Russia #Vietnamplus #Vietnam News Agency Vietnam
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