Russian expert highlights Vietnam’s role in Eurasian integration processes

Monday, 2021-04-12 10:22:28
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According to Grigory Trofimchuk, Vietnam has shown the world that free trade has overcome all artificial barriers and restrictions.
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NDO/VNA – Russian’s e-newspaper Infox.ru has run an article written by Grigory Trofimchuk, Chairman of the Expert Council of the Foundation for the Support of Scientific Research "Workshop of Eurasian Ideas," highlighting the role of Vietnam in the Eurasian integration processes.

In the article, the author wrote that the great role and potential of Vietnam in the field have yet to be fully evaluated and optimised.

Vietnam is currently at the centre of the global economy, he noted, adding that Vietnam is one of the leading countries in the ASEAN and is reinforcing its position by specific economic indicators.

Right amid the adverse impacts of the COVID-19 pandemic, Vietnam still posted GDP growth of 2.91% in 2020, which may reach 7.1% in 2021 as predicted by the United Oversea Bank, making it one of the fastest growing countries in the Asia-Pacific region, the author said.

He also cited prestigious sources as saying that Vietnam is among the 40 largest economies in the world and the fourth in the Association of Southeast Asian Nations (ASEAN). The country is also one of the 10 fastest growing countries in the world and among 16 most successful newly-emerging economies in the globe.

The expert asserted that Vietnam has shown the world that free trade has overcome all artificial barriers and restrictions.

A stable and secure investment environment, guaranteed by the government of Vietnam, is one of the most reliable political foundations in the world for the implementation of large-scale and long-term economic activities, he wrote.

Trofimchuk held that Vietnam will continue to grow in the next 10 years, and the successes in trade and economic cooperation between Vietnam and the Eurasian Economic Union (EAEU) have encouraged other ASEAN countries to become more actively involved in the integration processes in the Eurasian space.