The article published on the Handelsblatt (Commerce) newspaper (Photo: VNA) The Handelsblatt (Commerce) newspaper wrote onJanuary 27 that under the CPV’s leadership, Vietnam has emerged as one of themost successful countries in Asia in terms of economic development and COVID-19control.
The article quoted CPV General Secretary andState President Nguyen Phu Trong as addressing the 13th National Party Congressthat the central achievement of the country of nearly 100 million in theCOVID-19 fight helped to bring the pandemic under control.
Vietnam’s economy has quickly recovered andgrown while most other countries in the region have experienced recession.Official data shows its GDP increased 2.91 percent in 2020 and the countryexpects average annual growth of 7 percent between now and 2025 and to become aprosperous industrial nation in the next 25 years.
Over recent years, Vietnam has establisheditself as a central component of global supply chains, Handelsblatt noted,adding that it previously exported mostly footwear and textiles and garmentsbut now ships smartphones and computers abroad.
The country considers globalisation a majoropportunity. It has signed a free trade agreement with the EU (EVFTA) and isone of the founding members of the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) and also a signatory to the RegionalComprehensive Economic Partnership (RCEP) deal, it noted.
Covering the opening of the congress, the DieWelt (The World) newspaper wrote on January 26 that opportunities for investorsin Vietnam have yet to be fully tapped.
The once-in-five-years congress will elect a newleadership, honour the accomplishments of recent years, and set new targets forthe country.
Vietnam has secured a win in the COVID-19 fight,it said, and has been doing a good job in this regard, even outperformingcountries considered good examples of pandemic control.
It is also taking the lead in growth and, in thecoming years, may become a new economic centre in Asia and a popular destinationfor investors, Die Welt wrote.
It can’t be denied that Vietnam’s economy hasdeveloped rapidly over many years and is currently recovering quite well afterposting growth of 2.91 percent in 2020, the paper said, citing the InternationalMonetary Fund (IMF) as assessing that Vietnam climbed to the fourth position interms of economy in ASEAN last year, higher than Singapore and Malaysia, andthat if growth is sustained it will soon outpace the Philippines andThailand./.
VNA
