A new year celebration in Vietnam's Hue central city (Illustrative photo: VNA) Hanoi (VNA) - A recent article in the French daily newspaper Le Figaro spoke highlyof Vietnam’s economy amid the adverse impacts for the global economy brought aboutby COVID-19.
It said that Vietnamwas among the most-dynamic countries in 2020, despite COVID-19 cutting itsgrowth to 2.9 percent from 7 percent in 2019.
It has also beensuccessful in poverty eradication, bringing the figure down to just 2 percentfrom 50 percent in 1990. The country benefits from economic diversification, asthe industrial sector makes up 39 percent and services 47 percent.
Vietnam is alsoa signatory to various free trade mechanisms, it continued, most notably theEU-Vietnam Free Trade Agreement, signed last July and under which tariffsimposed on products from the country and the EU will be removed within a decade.
The article wenton to note that Vietnam did incredibly well in fighting COVID-19, with only 35fatalities in a population of nearly 100 million.
Numerouspreventive measures were rolled out in a sweeping and timely manner, includingmass quarantines, contact tracing, and travel restrictions, which permitted thequick resumption of production nationwide, it added.
The Frenchnewspaper also pointed out that along with tourism, Vietnam’s garment-textileand smartphone exports suffered a blow from falling market demand last year.Even so, the country was still able to pull through, especially thanks tocomputer exports./.
It said that Vietnamwas among the most-dynamic countries in 2020, despite COVID-19 cutting itsgrowth to 2.9 percent from 7 percent in 2019.
It has also beensuccessful in poverty eradication, bringing the figure down to just 2 percentfrom 50 percent in 1990. The country benefits from economic diversification, asthe industrial sector makes up 39 percent and services 47 percent.
Vietnam is alsoa signatory to various free trade mechanisms, it continued, most notably theEU-Vietnam Free Trade Agreement, signed last July and under which tariffsimposed on products from the country and the EU will be removed within a decade.
The article wenton to note that Vietnam did incredibly well in fighting COVID-19, with only 35fatalities in a population of nearly 100 million.
Numerouspreventive measures were rolled out in a sweeping and timely manner, includingmass quarantines, contact tracing, and travel restrictions, which permitted thequick resumption of production nationwide, it added.
The Frenchnewspaper also pointed out that along with tourism, Vietnam’s garment-textileand smartphone exports suffered a blow from falling market demand last year.Even so, the country was still able to pull through, especially thanks tocomputer exports./.
VNA
