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Vietnam among fastest growing economies in Asia: Singaporean newspaper

The Singapore-based Chinese-language newspaper Lianhe Zaobao newspaper (United Morning Paper) ran an article on November 26 on Vietnam’s foreign direct investment (FDI) attraction, affirming that it is one of the most open economies with the fastest economic growing pace in Asia.
Vietnam among fastest growing economies in Asia: Singaporean newspaper ảnh 1Illustrative image (Source: VNA)

Singapore (VNA) - The Singapore-based Chinese-language newspaper LianheZaobao newspaper (United Morning Paper) ran an article on November 26 onVietnam’s foreign direct investment (FDI) attraction, affirming that it is oneof the most open economies with the fastest economic growing pace in Asia.

Thenewspaper cited data of the Vietnamese Ministry of Planning and Investmentshowing FDI inflows in Vietnam reached 3.18 billion USD in the first 11 monthsof this year, up 3.18 percent over the same period last year.

Upto 68 percent of the total capital was poured into the manufacturing industry and10.4 percent in the real estate sector.

TheRepublic of Korea (RoK) is the largest investor in Vietnam and it is followedby Japan and Singapore.

Accordingto the article, Vietnam is one of the most open economies in the world and alsoone of the fastest growing economies in Asia.

Thecountry has so far signed 12 free trade agreements with partners across theworld, including the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP).

In addition, Vietnam and the European Union (EU) signed two importantcooperation agreements in late June 2019, namely the EU-Vietnam Free TradeAgreement and the EU-Vietnam Investment Protection Agreement, the articlesaid./.
VNA
#Chinese-language newspaper #Lianhe Zaobao #Singapore #foreign direct investment #economic growing pace #Vietnamese Ministry of Planning and Investment #Vietnam #VietnamPlus #Viet Nam News
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