Vietnam sees once-in-a-generation opportunity: Nikkei Newspaper

Saturday, 2021-01-23 10:17:29
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NDO/VNA – Japan's Nikkei Newspaper has run a story highlighting the opportunity for Vietnam to rise stronger after the COVID-19 pandemic is completely controlled.

The paper spotlighted Vietnam's efforts in maintaining economic activities amid the pandemic, which helped the country become one of the Asian economies with the highest recorded growth in 2020.

It noted that Vietnam grasped the greatest opportunity in decades to become one of the countries with the highest GDP growth in the world with an expansion of 2.9% and an expected rate of 6.5% in 2021.

The article cited a report by Euromonitor as stating that Vietnam is forecast to be one of the markets with the busiest merge and acquisition (M&A) activities and the highest potential M&A market only after the US.

In 2020, Vietnam joined three FTAs – the Regional Comprehensive Economic Partnership (RCEP), the EU-Vietnam FTA, and the UK-Vietnam FTA, it said. A report by the International Monetary Fund (IMF) showed that the GDP of Vietnam surpassed that of Singapore and Malaysia, making it the fourth largest economy in Southeast Asia for the first time.

It underlined that Vietnam has stayed transparent about the pandemic and shared information about COVID-19 prevention and control measures.

In the article, the author expressed their belief that after COVID-19 is completely controlled, Vietnam will gain further achievements.

* Ahead of the upcoming 13th National Congress of the Communist Party of Vietnam, Dr. Jan Hornat, an expert on the Indo-Pacific from the Charles University in the Czech Republic, lauded Vietnam’s role and position in international relations.

He said Vietnam is succeeding in global and regional economic integration, including pushing the signing of the RCEP in its role as ASEAN Chair 2020.

In his opinion, Vietnam should reinforce partnerships with regional powers sharing the same interests for the sake of an open and free Indo-Pacific.

He expressed his belief that with experience and achievements in external affairs over the past years, Vietnam will actively contribute to maintaining stability in the Indo-Pacific.

* Halonoviny.cz, an e-newspaper of the Czech Republic, has recently run an article highlighting Vietnam’s outstanding achievements over the past years, particularly in the fight against COVID-19 and economic growth.

The article said Vietnam has become a bright spot in the pandemic battle, citing the World Health Organisation (WHO) as saying that Vietnam is one of the few countries that can contain the epidemic well.

Vietnam is also one of the economies with the highest growth over the past five years, with an annual average growth rate of 6.8% during 2016-2019 and nearly 3.0% in 2020 when the majority of countries worldwide experienced negative growth.

Such achievements have created a firm foundation for Vietnam to grow strongly in the future while reflecting that the country has become a more important partner in international cooperation, it concluded.