Malaysia News Agency highlights Vietnam’s economic recovery efforts despite COVID-19

In its recently published article, Bernama said Vietnam has become one of the world’s 20 leading economies in terms of global trade. The country has switched from “Zero COVID” strategy to safe and flexible adaptation to and effective control of the pandemic to maintain economic activities, it said.

In order to achieve a solid macro-economic foundation, the Vietnamese Government offered unprecedented support to enterprises and residents hit by the pandemic, while making timely policy adjustments.

Each locality also took own measures to achieve the dual goal of fighting the pandemic and restoring economic development, it said, adding that such policies and strategies have strengthened public trust on the Government and encouraged residents to join hands in the process, the article said.

According to Bernama, Vietnam’s foreign trade exceeded US$660 billion, up 20% , with a trade surplus of roughly US$ 2.1 billion. Notably, foreign direct investment (FDI) in the country hit more than US$ 29 billion, or around US$ 500 million higher than that in 2020. The nation’s gross domestic product (GDP) growth is estimated to stand at 2.58% this year.

The article quoted Vietnamese Prime Minister Pham Minh Chinh as saying that existing difficulties faced by the country are only temporary. The Vietnamese Government chief underscores advantages, potential and new driving forces for long-term national development, with a solid and stable economic balance.