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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.