Strict virus controls a boost for investment appeal vs peers Two free trade deals in 2020; manufacturers lured from China Vietnam funds cite ease in attracting foreign investment
HANOI, Jan 7 (Reuters) - Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting funds, foreign investors, experts and analysts say.
Its strength in containing the pandemic saw it build on the foundations of two free trade agreements signed in 2020, also outpacing peers in luring manufacturers moving production out of China because of the Beijing-Washington trade war. Vietnam was one of the world’s few countries to record growth last year - well down on 2019, but still a 2.9% expansion.
File pic shows a garment factory in Vietnam. Vietnam will strive to achieve a gross domestic product (GDP) growth of about 6.5% in 2021, higher than the target of 6% earlier assigned by its top legislature.
HANOI: Vietnam s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting funds, foreign investors, experts and analysts say.
Its strength in containing the pandemic saw it build on the foundations of two free trade agreements signed in 2020, also outpacing peers in luring manufacturers moving production out of China because of the Beijing-Washington trade war. Vietnam was one of the world s few countries to record growth last year - well down on 2019, but still a 2.9% expansion.
Vietnam revives economy, lures foreign investors and big funds
07 Jan 2021 Employees work at a shoe factory for exports in Hanoi, Vietnam. Reuters Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting major funds, foreign investors, experts and analysts say.
Its strength in containing the pandemic saw it build on the foundations of two free trade agreements signed in 2020, also outpacing peers in luring manufacturers moving production out of China because of the Beijing-Washington trade war. Vietnam was one of the world’s few countries to record growth last year - well down on 2019, but still a 2.9% expansion.
The successful management of the pandemic has enabled Vietnam to capture a larger share of global trade and foreign direct investment during 2020. - Reuters
HANOI (Reuters): Vietnam s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting funds, foreign investors, experts and analysts say.
Its strength in containing the pandemic saw it build on the foundations of two free trade agreements signed in 2020, also outpacing peers in luring manufacturers moving production out of China because of the Beijing-Washington trade war.
Vietnam was one of the world s few countries to record growth last year well down on 2019, but still a 2.9% expansion.
Parliament has set an economic growth target of 6% for this year, but Prime Minister Nguyen Xuan Phuc, looking to extend his term or rise up the Communist Party of Vietnam s ranks, said last month that Vietnam would target 6.5%., , vietnam, economic growth, foreign investors, management