Int’l media highlight Viet Nam’s economic achievements
16:26 | 29/10/2019

VGP – International media over the past week highlighted Viet Nam’s economic achievements, while predicting that the Vietnamese economy would continue to grow strongly.

International media over the past week highlighted Viet Nam’s economic achievements, while predicting that the Vietnamese economy would continue to grow strongly

Bloomberg said Vietnamese Prime Minister Nguyen Xuan Phuc has announced the country’s GDP growth target of 6.8% in 2020, adding that Viet Nam’s GDP in 2019 Q3 is estimated to expand by 7.31% compared to the same period last year.

Viet Nam is really breaking through beyond expectations, according to Bloomberg.

Meanwhile, Reuters reported that, in the first 10 months of 2019, the realized capital of foreign direct investment (FDI) projects in Viet Nam was estimated at US$16.21 billion, up 7.4% year on year.

The FDI inflows play an important role in ensuring Viet Nam’s economic growth, Reuters said, noting that FDI firms account for about 70% of the Southeast Asian country’s exports.

Russia’s Regnum news agency also highlighted Viet Nam’s economic performance, including its 15-place leap in the ranking of best countries to invest in, surpassing some of its Southeast Asian neighbors, such as Malaysia, Singapore and Indonesia.

Russian newspaper Virtualnaya Tamozhnya published an article by Professor Nguyen Canh Toan at the Institute for European Studies at the Viet Nam Academy of Social Sciences, on the occasion of three years since the signing of the Viet Nam-Eurasian Economic Union Free Trade Agreement (EAEU).

Prof. Toan noted the great progress in economic relations between partners and proposed measures to improve this relationship.

He stressed the importance of attracting Russian investment in the areas, including mineral mining and processing, energy, mechanical engineering and chemical manufacturing, nuclear research centers, e-government projects, information security and smart city projects, and some other fields.

By this way, Viet Nam will also have opportunities to expand its investment in the processing and light industries and in the exploitation of oil and gas fields in EAEU countries, Toan said./.

By Vien Nhu

 

 

  Reader opinion
 
Turn off Vietnamese typing Automatic typing Telex VNI VIQR  
Fullname Email address  
  Title
 
  Content