Hanoi (VNA) – The Vietnamese economy has recorded positive indexes this year, reflecting its stability and development amid overlapping crises, said Prof. Vladimir Mazyrin, Director of the Centre for Vietnamese and ASEAN Studies under the Institute of China and Contemporary Asia.
According to Russia’s Sputnik radio, Mazyrindescribed GDP growth as the most outstanding success of Vietnam. Ratingagencies and the World Bank also forecast Vietnam’s growth at 6.5-7% this yearand coming years.
Inhis view, 4-5% growth is also a great success of Vietnam as many countries postednegative growth amid COVID-19.
Giventhat industrial production growth stood at roughly 9% in 11 months of thisyear, he said industry remains a major industry of the Vietnamese economy andVietnam has made progress in its goal of becoming a manufacturing workshop ofthe world.
During the period, foreigndirect investment in Vietnam reached 25 billion USD, lower than 5% recorded inthe same period last year. However, he still believed that the figure is high.
He noted thatcapital absorption rate in Vietnam improved markedly, which rose by 15% to some20 billion USD.
The scholar forecastthat later this year, Vietnam’s trade value will reach up to 800 billion USD./.
ADB’s principal country economist: Vietnamese economy grows impressively
Principal country economist of the Asian Development Bank (ADB) Nguyen Minh Cuong said on October 27 that Vietnam’s economic recovery in the past nine months was impressive, believing that its mid and long-term growth prospect is bright.