German newspaper highlights Vietnamese market’s prospects

German’s DVZ e-newspaper has run a story by Claudius Semmann highlighting Vietnam’s success in controlling the COVID-19 pandemic and secure economic development, maintaining its bright outlook amid the global crisis.

The article noted that Vietnam has been very successful in dealing with the pandemic and has already developed into a popular production base.

It cited data from the International Monetary Fund (IMF) showing that the economy grew by 2.9 percent, one of the highest rates in the world. Domestic activity had recovered early. There was also a robust export trend, especially in the high-tech area, it added.

According to the Transport Intelligence (TI) market researchers, Vietnam benefits from the free trade agreements with the EU and the UK as well as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The article also cited current analysis by the international credit insurer Atradius indicating that Vietnam is also one of the markets in which German exporters have good prospects of generating additional sales in the second coronavirus year./.