German media laud Vietnam’s pandemic efforts, stock market potential
(VOVWORLD) - German financial newspaper Finanznachrichten ran an article on May 19 covering the upcoming election of deputies to the 15th National Assembly and People’s Councils at all levels for the 2021-2026 tenure.
 (Photo: VNA) |
They also covered the COVID-19 situation in Vietnam, saying that the country is controlling its latest outbreak.
The article quoted Director of the Germany Trade and Invest Office in Hanoi Frauke Schmitz-Bauerdick as saying that observers believe Vietnam is doing a good job curbing the new outbreak and can continue with its economic strategies. Public investment, especially on infrastructure, as well as personal consumption by the country’s growing middle-class and strong exports will propel growth this year.
Meanwhile, the Handelsblatt newspaper spoke highly of the potential for Vietnam’s stock market due to the high earnings on offer, especially in stocks and bonds. It named several funds possessing a high ratio of Vietnamese bonds, such as Magna New Frontiers, MSCI Frontier Markets, the Xtrackers S&P Select Frontier Swap ETF, Global Investment Funds - Frontier Markets, and Frontier Markets Funds