German newspaper highlights Vietnam’s post-pandemic economic recovery

Germany’s newspaper Finanzmarktwelt has run an article on Vietnam’s full reopening post the COVID-19 pandemic, with rosy signs seen in all sectors.
German newspaper highlights Vietnam’s post-pandemic economic recovery ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – Germany’s newspaper Finanzmarktwelthas run an article on Vietnam’s full reopening post the COVID-19 pandemic, withrosy signs seen in all sectors.

According to the article, Vietnam faced a range ofdifficulties in the fight against the pandemic last year due to thespread of the Delta variant. However, the Southeast Asian nation has fullyopened and shifted to living safely with the pandemic despite Omicron wavesthis year.

The country’s export-import value hit a record 67.37billion USD in March, of which 34.71 billion USD came from exports, surpassingthe previous record in July 2021.

The article cited a forecast by the Asian DevelopmentBank (ADB) as saying that Vietnam’s economy will expand about 6.5 percent thisyear.

It also highlighted Vietnam’s export of electronicproducts, especially mobile phones, garments-textiles and timber products.

Tim Lee Lahaphan, an economist from StandardChartered Bank, said more and more foreign firms have planned to move theirsupply chains to Vietnam that is dubbed as a centre of electronics,garments-textile and footwear in the region, the article noted.

Apart from production and trade, the domestictourism is also bouncing back, the article said, adding that since mid-March,Vietnam announced its complete resumption of tourism activities.

Tourism has significantly contributed to Vietnam’seconomy, making up 9.2 percent of the national gross domestic product (GDP)last year, the article said./.
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