The article on Vietnam's growth on Germany’s Junge Welt newspaper.

The  newspaper noted that while western economies are showing signs of recession, Vietnam's economy is developing well.

It said that Vietnam seems to have successfully overcome global economic difficulties caused by the conflict in Ukraine. Its GDP in the second quarter this year expanded by 7.72% over the same period in 2021. This positive result was mainly due to a strong increase in exports.

The newspaper cited HSBC as saying that Vietnam was among the fastest growing countries in the region because it was one of the few in the world that still attained growth in two consecutive years since the beginning of COVID-19. Vietnam's economy started 2022 on firm footing.

HSBC noted that Vietnam's foreign direct investment is also increasing, for example, Samsung recently started building a 220 million USD R&D centre in Hanoi, its largest in Southeast Asia, and is set to expand its plants in northern Bac Ninh and Thai Nguyen provinces.

Meanwhile, Apple has also moved 11 factories from other countries to Vietnam.