Bernama: Viet Nam's economy sailing through the COVID-19 storm
Such policies and strategies have consolidated public confidence in the government, and encouraged them to join hands in pandemic containment and economic development.
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Viet Nam has fulfilled several economic targets 2021 despite COVID-19 pandemic, becoming one of the world’s 20 leading economies in terms of global trade, according to an article recently published by Malaysia’s Bernama.
The article said Viet Nam has switched from “Zero COVID” strategy to safe and flexible adaptation to and effective control of the pandemic to maintain economic activities.
In order to achieve a solid macro-economic foundation, the Vietnamese Government offered unprecedented support to firms 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.
According to the Bernama, Viet Nam’s foreign trade surpassed 660 billion USD, up 21 percent, with a trade surplus of nearly 2.1 billion USD. Notably, foreign direct investment in the country topped 29 billion USD, or around 500 million USD higher than that in 2020. Its gross domestic product growth is estimated at 2.58 percent this year.
The article quoted Vietnamese Prime Minister Pham Minh Chinh as saying that existing difficulties faced by the country are only temporary. He highlighted advantages, potential and new driving forces for long-term national development, with a solid and stable economic balance.
For a firm macro foundation, the country has issued unprecedented incentives for people and businesses affected by COVID-19, and made timely adjustments to policies.
Each locality has also adopted their own ways in implementing policies and guidelines of the government to achieve the dual goals of pandemic combat and economic development.
