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Russian expert positive on Vietnam's economy

As the COVID-19 pandemic has subsided and the world is facing many challenges such as inflation, energy crisis, and geopolitical competition, the Vietnamese economy has grown well and higher than its peers in Southeast Asia, said Professor Vladimir Mazyrin, leader of the Centre for Vietnamese and ASEAN Studies under the Russian Academy of Sciences’ Institute of China and Contemporary Asia.
Russian expert positive on Vietnam's economy ảnh 1At the Tan Can Cat Lai port (Photo: VNA)
Moscow (VNA) – As the COVID-19 pandemic has subsidedand the world is facing many challenges such as inflation, energy crisis, andgeopolitical competition, the Vietnamese economy has grown well and higher thanits peers in Southeast Asia, said Professor Vladimir Mazyrin, leader of theCentre for Vietnamese and ASEAN Studies under the Russian Academy of Sciences’ Instituteof China and Contemporary Asia.

In a recent interview with the Vietnam News Agency, theexpert said it is a positive sign, reflecting the economy’s stability and positivity.Given increasing risks, Mazyrin said that the current rapid growth rate can beconsidered recovery.

About the factors behind the country’s growth, hehighlighted a wave of global production shift to Vietnam as well as the nation’sgood capital attraction and flexible macroeconomic policy.

The impact of geopolitical conflicts, including the energyand food crisis, is still ahead and expected to affect the Vietnamese economyin 2023, the expert noted.

The nation’s import-export turnover this year is estimatedat 732 billion USD, however, higher exports means higher level of dependence, Mazyrinadded.

He said over the past year, Vietnam's inflation rate hasbeen relatively low, bringing about positive results in terms ofmacroeconomics.

Vietnam is having many chances for choosing itspartners, particularly in East Asia, the expert stressed, stating that it is necessaryfor the country to further expand its trade./.
VNA
# Vladimir Mazyrin#COVID-19#Vietnamese economy#import-export turnover#macroeconomics#vietnam news agency#vietnamplus
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