Algerian press: Vietnam's economic resilience is a valuable lesson for many countries

On October 6, Algerian media simultaneously published articles praising Vietnam's impressive growth achievements in the context of global economic fluctuations.

Vietnam is asserting its position as one of the most dynamically developing economies in Asia. (Source: Vietnamnet)

Algerian media stressed that Vietnam is asserting its position as one of the most dynamically developing economies in Asia.

Algerian newspapers cited the Vietnamese government 's announcement that Vietnam's economic growth in the third quarter of this year reached 8.2%, the highest level since 2011. In the previous second quarter, Vietnam's GDP also increased by 7.96%, bringing the average growth rate for the first nine months of the year to 7.8% compared to the same period.

Some newspapers also quoted Finance Minister Nguyen Van Thang as saying that this was “the highest quarterly growth rate in more than a decade”, reflecting the flexible adaptability and resilience of the Vietnamese economy to the impact of the international trade situation.

Algerian observers say that Vietnam's ability to maintain a high growth rate while many major economies are slowing down shows its potential for macroeconomic stability, foreign investment attraction and the effectiveness of innovation policies.

Vietnam aims to become an upper-middle-income country by 2030, with growth expected to reach 8% in 2025, compared with 7.1% in 2024.

According to Algerian press, the resilience of Vietnam's economy is a testament to the balanced development model between industrialization, international integration and green transformation - a valuable lesson for many developing economies in Africa and the Mediterranean region.

Source: https://baoquocte.vn/bao-chi-algeria-suc-bat-cua-nen-kinh-te-viet-nam-la-bai-hoc-valuable-cho-nhieu-quoc-gia-330283.html