Vietnam’s economy glimmers with bright prospects but faces new challenges, given the fact that the COVID-19 pandemic has yet to end and global political and economic shocks continue.

Many silver linings were seen in Vietnam’s economy last month like high industrial production index, export revenue up more than 10% and curbed inflation.

Vietnam’s economy is forecast to grow beyond expectation in 2022 as domestic demand rebounds and foreign direct investment (FDI) inflows remains stable.

Vietnam has fulfilled a number of economic targets this year despite impacts of the COVID-19 pandemic, becoming one of the top 20 economies in the world in terms of international trade.

Fundamental factors that help the Vietnamese economy respond to current challenges, especially the impacts of COVID-19, were discussed in an article by senior journalist Cameron Cooper published on the intheblack.com business news site of Australia.

Public investment will focus on important and key industries and sectors of the economy, of which economic sectors account for more than 71%.

German firms have expressed their optimism about Vietnam’s economy in both mid-and long terms in a recent survey released by the Association of German Chambers of Industry and Commerce (DIHK) on May 12.

Vietnam is one of the few Asian economies to have registered positive growth so far this year, despite the second wave of COVID-19 infections.