German media laud Vietnam’s pandemic efforts and stock market potential
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 as well as the COVID-19 situation in Vietnam.
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 in curbing the new outbreak and can continue with its economic strategies.
Despite COVID-19, she said, Vietnam was one of only a few nations to post growth last year, of 2.9%. The Asian Development Bank has forecast that growth may reach 6.7% this year and 7 percent next year.
Public investment, especially in infrastructure, as well as personal consumption by the country’s growing middle-class and strong exports will propel growth this year.
As of late April, she added, newly-registered investment capital stood at US$8.5 billion, up 24.7% year-on-year.
Meanwhile, the Handelsblatt newspaper spoke highly of the potential of 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.
