Private investments in Vietnam have reached a new peak in contrast to the trend towards decline around the world and in the ASEAN region due to the impact of COVID-19.

Deputy Foreign Minister Bui Thanh Son has written an article highlighting the potential of growing cooperation in the Asia-Europe Meeting (ASEM), on the occasion of its 25th founding anniversary on March 1.

Public investment disbursement has been accelerated since the opening days of the year as it continues to be seen as an important driving force of economic growth this year, the Dau tu (Vietnam Investment Review) newspaper reported.

VOV.VN - Amid complicated developments of the COVID-19 pandemic globally, the Ministry of Industry and Trade (MoIT) has set an export growth target of between 4% and 5% for this year, with a specific focus on taking full advantage of new-generation free trade agreements, said Tran Thanh Hai, deputy director of the Import and Export Department.

The Ho Chi Minh City People’s Committee set targets and approved operational orientations and solutions for this year for its industrial and trade sectors at a recent meeting.

VOV.VN - As a leading financial newspaper run by Japanese media giants Nikkei Inc., Nikkei Asia have stated that, “Southeast Asia's growth leader in 2021 may well be Vietnam”, during a recent article detailing ASEAN's GDP forecasts for the year ahead.

To achieve important targets in 2021-2025, Vietnam should consider economic digitalisation key to shifting its growth model and shortly carry out a “post-COVID-19” mid-term programme in association with economic restructuring on the basis of taking advantage of opportunities brought about by free trade agreements (FTAs).

Vietnam’s GDP growth is expected to rebound to 7% in 2021, driven by a recovery in external demand, a resilient domestic economy, and increased production capacity, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO).

Speeding up the disbursement of public investment from the start of this year was an important solution to accelerate economic recovery amid the COVID-19 pandemic, Minister of Finance Dinh Tien Dung has said.

Amid the complex developments of the COVID-19 pandemic in Vietnam, ministries and localities are urgently implementing action programmes to sustain economic growth while keeping the disease at bay.