Experts remain optimistic that in the long-term, Vietnam’s economy will be able to bounce back from the current COVID-19 pandemic, according to a recent article published by the English language news media publishing group Asia Times.
Foreigners waiting to be tested in Son Tra District, Da Nang city (Source: asiatimes.com)
Sydney (VNA) – Experts remain optimistic that in the long-term, Vietnam’seconomy will be able to bounce back from the current COVID-19 pandemic, accordingto a recent article published by the English language news media publishinggroup Asia Times.
Itnoted that Vietnam is successful in COVID-19 prevention and combat, even thoughthe country is densely populated with over 97 million people and not widelyequipped with modern medical facilities to cope with a pandemic.
Manypeople at home and abroad heaped praises on efforts made by the VietnameseGovernment to contain the spread of COVID-19, it continued.
Thearticle quoted Kenneth Atkinson, the founder of the international accountingfirm Grant Thornton and Vice Chairman of the Tourism Advisory Board (TAB) inVietnam, as saying that the latest outbreak means that there will be morereluctance to open the borders and that’s going to be the biggest challenge toget the tourism and hospitality sector back on track.
Atkinsonand others are hopeful that with the recent EU-Vietnam Free Trade Agreement (EVFTA)coming into force, there will be an emphasis on foreign investment and a numberof European companies will set up manufacturing operations in Vietnam.
Moreover,Vietnam’s Ministry of Health recently affirmed that the COVID-19 situation inboth the central city of Da Nang and Quang Nam province is “under control.”
Localauthorities have even allowed construction workers to resume working again onbuilding sites in Da Nang, one sign that the city is slowly but surely alreadyreturning to normal, the article added./.
Germany’s DW newswire recently ran an article saying that Vietnam still aims for an economic growth of 5 percent this year despite global economic crisis and likely recession in some of its neighbouring countries.
The Australia-based website Eastasiaforum.org on May 28 ran an article titled “Vietnam’s COVID-19 political gains” affirming that Vietnam has earned international accolades as one of the successful countries in Asia to contain the coronavirus.
Preventing the spread of COVID-19 has become a priority of millions of Vietnamese people over the past time, according to British freelance journalist Georgina Quach.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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Foreigners waiting to be tested in Son Tra District, Da Nang city (Source: asiatimes.com) 
