File pic shows a garment factory in Vietnam. Vietnam will strive to achieve a gross domestic product (GDP) growth of about 6.5% in 2021, higher than the target of 6% earlier assigned by its top legislature.
HANOI: Vietnam s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting funds, foreign investors, experts and analysts say.
Its strength in containing the pandemic saw it build on the foundations of two free trade agreements signed in 2020, also outpacing peers in luring manufacturers moving production out of China because of the Beijing-Washington trade war. Vietnam was one of the world s few countries to record growth last year - well down on 2019, but still a 2.9% expansion.
Vietnam revives economy, lures foreign investors and big funds
07 Jan 2021 Employees work at a shoe factory for exports in Hanoi, Vietnam. Reuters Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting major funds, foreign investors, experts and analysts say.
Its strength in containing the pandemic saw it build on the foundations of two free trade agreements signed in 2020, also outpacing peers in luring manufacturers moving production out of China because of the Beijing-Washington trade war. Vietnam was one of the world’s few countries to record growth last year - well down on 2019, but still a 2.9% expansion.
Parliament has set an economic growth target of 6% for this year, but Prime Minister Nguyen Xuan Phuc, looking to extend his term or rise up the Communist Party of Vietnam s ranks, said last month that Vietnam would target 6.5%., , vietnam, economic growth, foreign investors, management
According to Tom Galvin,
director of investment fund Columbia Select Large Cap Growth,
ESG principles
are one of the decisive factors in making investment as good
financially-governed companies also make sure of sustained business development
and high responsibility.
The
global crisis caused
by the COVID-19 pandemic and other natural disasters has emphasised the
importance of how companies handle ESG issues.
According to market
members and securities firms, investing in ESG-related assets brings less risk
and higher profit in the long term, especially when climate change issues are
getting more serious.
Vietnam’s partnership with other nations and
economic blocs, for example the European Union-Vietnam Free Trade Agreement, has motivated