Foreign media outlets forecast a prosperous economy for Vietnam
(VOVWORLD) - Many foreign news outlets on Friday released data on Vietnam’s economic growth and predicted that Vietnam’s economy will flourish in the near future.
 Production of shoe materials and accessories at a foreign-invested company in Thuan An city, Binh Duong province. (Photo: Hong Dat/VNA) |
AFP cited data from the General Statistics Office of Vietnam as demonstrating that Vietnam’s economic growth in the third quarter of this year reached 5.33%, while lending interest rates decreased, and tax revenue and public investment increased. All these positive factors drove the economy.
Japan’s Nikkei Asia reported that the Vietnamese economy rebounded thanks to the recovery of the tourism and manufacturing sectors. The monthly industrial production index turned positive in May and grew 1.65% over the past nine months.
China’s Xinhua News Agency quoted the official data saying that as of September 20 Vietnam had attracted more than 20.2 billion USD of Foreign Direct Investment (FDI), up 7.7% against the same period last year.
The Asian Development Bank (ADB) in its “Asian Development Outlook” said that Vietnam’s economic growth is expected to slow to 5.8% for the whole year.
ADB Country Director for Vietnam, Shantanu Chakraborty said the economy remains resilient, adding that future recovery will be driven mainly by strong domestic consumption, acceleration of public investment packages, and improved trade activities.