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Vietnam among most successful economies globally: Honorary Consul of Vietnam in Belgium

Vietnam is one of the most successful economies globally, made evident by the strong recovery of its textile-garment, electronics, fisheries and agriculture sectors post-COVID-19, according to Baron de Grand Ry, Honorary Consul of Vietnam in Belgium.
Vietnam among most successful economies globally: Honorary Consul of Vietnam in Belgium ảnh 1Illustrative photo (Source: VNA)
Brussels (VNA) – Vietnam is one of the mostsuccessful economies globally, made evident by the strong recovery of itstextile-garment, electronics, fisheries and agriculture sectors post-COVID-19, accordingto Baron de Grand Ry, Honorary Consul of Vietnam in Belgium.

The rebound is fast and constant despite ongoing tradedisputes among major nations and China’s economic slowdown, he told VietnamNews Agency correspondents in Brussels.

Citing forecasts made by the International Monetary Fund (IMF)and the World Bank (WB) that projected Vietnam’s economic growth at 7.2% in2023, he said it is a very impressive outlook.

Vietnam’s public debt is limited owing to the Government’sstrict but flexible policies and approach, he noted, adding that the risingmiddle class is giving a push to domestic consumption in Vietnam and modernshopping malls show growing domestic demand.

He further said that Vietnam is fully integrated into theglobal economy. Several countries have recognized Vietnam as a market economysince 2013; and the Government of Vietnam has ensured its market economy wouldnot affect the State management and taken wise steps to tighten its monetarypolicy, he emphasised.

Vietnam among most successful economies globally: Honorary Consul of Vietnam in Belgium ảnh 2Baron de Grand Ry, Honorary Consul of Vietnam in Belgium (Photo: VNA)
He outlined three factors driving Vietnam’s economicgrowth, which are a low unemployment rate, an inflation rate kept at 2.2%, andcompetitive labour costs paving the way for a surge in FDI inflows.Additionally, he continued, the country’s economy has also been supported byeconomic liberalization, crucial reforms and a tech-savvy, foreign language-proficient,hard-working young population.

Vietnam is globally viewed as a stable country with anenabling environment for economic activities, attracting a large number offoreign investors, the honorary consul stated. He recommended that Vietnam invest more indeveloping infrastructure, such as ports, airports and road networks; as wellas promote education and green energy.

Given that Belgium has advantages in developing wind power,he suggested the two countries enhance cooperation in this area./. 
VNA
#Baron de Grand Ry #Honorary Consul of Vietnam in Belgium #Vietnam #Vietnamese economy #vietnam news agency #vietnamplus Vietnam
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