Algerian Press: Vietnam's economic resilience offers valuable lessons for many countries
WVR - On October 6, Algerian media simultaneously published articles praising Vietnam's impressive growth achievements amidst ongoing global economic fluctuations.
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| Vietnam is asserting its position as one of the most dynamic developing economies in Asia, according to Algerian media. (Photo: Vietnamnet) |
Algerian media emphasized that Vietnam is asserting its position as one of the most dynamic developing economies in Asia.
Algerian newspapers cited a statement from the Vietnamese Government indicating that Vietnam's economic growth in the third quarter of this year reached 8.2%, the highest since 2011. In the previous second quarter, Vietnam's GDP also rose by 7.96%, bringing the average growth rate for the first nine months to 7.8% year-on-year.
Some reports quoted Finance Minister Nguyen Van Thang, who stated that this is "the highest quarterly growth in over a decade", reflecting Vietnam's flexible adaptability and economic resilience amidst international trade challenges.
Algerian observers noted that Vietnam's ability to maintain high growth rates while many major economies are slowing down demonstrates macroeconomic stability potential, foreign investment appeal, and the effectiveness of its reform policies.
Vietnam aims to become an upper-middle-income country by 2030, with projected growth reaching 8% in 2025, compared to 7.1% in 2024.
According to Algerian press, Vietnam's economic resilience exemplifies a balanced development model between industrialization, international integration, and green transition – a valuable lesson for many developing economies in Africa and the Mediterranean region.
