International media impressed by Vietnam's economic growth potential

Websites and news agencies such as channelnewsasia.com (Singapore), uz.kursiv.media (Uzbekistan) and several other Western news agencies on October 6 assessed that based on Vietnam's Gross Domestic Product (GDP) growth figures, it can be seen that the economy is showing remarkable resilience, despite the impact of recent tariff measures by the US President Donald Trump's administration.

This result far exceeded expectations, in line with the government's ambitious target of striving for a growth rate of 8.2-8.5% this year and higher than forecasts of international financial organizations such as the World Bank (WB, forecasting an increase of 6.6%) and the International Monetary Fund (IMF, forecasting an increase of 6.5%).

According to sources, a number of sectors continued to boost Vietnam's economic growth, including: foreign direct investment (reaching 18.8 billion USD, the highest in 5 years); industrial production (up 9.1% in the first 9 months of the year); tourism (international arrivals increased 21.5%); retail sales (up 11.3%); while inflation remained within the target range.

Positive economic data has boosted the stock market, reflecting investor confidence in economic fundamentals.

Khmer-language media in Cambodia were also impressed with Vietnam's figures, saying that, if viewed from a technical perspective, Vietnam's current economic growth is the result of long-term political stability and the achievements of nearly 40 years of implementing economic reform policies.

Finimize.com (UK) commented that Vietnam's economy leads the growth trend in Asia while some other countries in the region such as Australia and Thailand are still struggling with inflation and cautious consumer sentiment.

Vietnam's success clearly demonstrates the benefits of a close relationship between policies and trade activities.

According to this news site, Vietnam's economy will grow beyond expectations in the 2024-2025 period, despite a somewhat weakened domestic currency, and is among the region's leading groups in terms of GDP growth rate as well as good inflation control.

The news site said that even as the VND fell to a record low of 26,364 VND/USD, the economy showed no signs of slowing down.

Vietnam’s growth demonstrates the resilience of emerging economies. Strong manufacturing and export performance has helped it weather currency fluctuations and global uncertainty. Supply chains continue to shift to Vietnam.

With low unemployment and steady consumer spending, Vietnam is proving that emerging economies can maintain growth momentum even when currencies are under pressure./.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/truyen-thong-quoc-te-an-tuong-truoc-kha-nang-tang-truong-cua-kinh-te-viet-nam-post1068748.vnp