Illustrative image (Photo: VNA) The article cited the latest “Regional Economic Outlook forAsia and Pacific” report released by the International Monetary Fund (IMF) onOctober 28 as saying that Vietnam's GDP growth is expected to increase to 7%this year.
Vietnam’s positive outlook contrasts with a slowdown trendin other parts of Asia, as a result of weaker inflation which is also differentfrom the overall picture in this region, it wrote, adding that a reportreleased by the World Bank also affirmed that controlling inflation has helpedVietnam maintain its macroeconomic stability amid a complex global economicsituation.
According to the article, the State Bank of Vietnam'smonetary policy is still quite effective, as inflation in Vietnam remains at alower level than in many countries.
It quoted Francois Painchaud, the IMF's chief representativein Vietnam as saying that the country’s growth outlook remains positive, andVietnam remains a strong country in the future.
The IMF report said these achievements came from thecountry's strategy of living with the coronavirus and vaccination coverageacross the country. A series of effective policies, such as strong creditgrowth, low interest rate and government programmes for socio-economic recoveryand development have accelerated strong productivity and a recovery of retailand tourism activities.
Illustrative image (Photo: VNA) The article stressed that the Vietnamese market has been aninteresting market for Thai investors for over a decade. All leading Thaiconglomerates have entered Vietnam with increasing investment each year. Thaiinvestors are interested in doing business in Vietnam in various sectors suchas animal feed and agriculture, renewable energy, packaging, retail anddistribution, petrochemical, food processing, plastic products and energydrinks.
Thailand is currently the ninth largest investor among 140countries and territories pouring capital into Vietnam with a total capital ofmore than 13 billion USD. In terms of trade, Thailand is Vietnam's largesttrading partner in the Association of Southeast Asian Nations (ASEAN), with atotal turnover of 19.5 billion USD in 2021 and 10.6 billion USD in the first halfof this year./.
VNA
