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German media laud Vietnam’s pandemic efforts and stock market potential

German financial newspaper Finanznachrichten ran an article on May 19 covering the upcoming election of deputies to the 15th National Assembly and People’s Councils at all levels for the 2021-2026 tenure as well as the COVID-19 situation in Vietnam, expressing a belief that the country is controlling its latest outbreak.
German media laud Vietnam’s pandemic efforts and stock market potential ảnh 1Illustrative image (Photo: VNA)

Berlin (VNA) - German financial newspaperFinanznachrichten ran an article on May 19 covering the upcoming election of deputies tothe 15th National Assembly and People’s Councils at all levels forthe 2021-2026 tenure as well as the COVID-19 situation in Vietnam, expressing abelief that the country is controlling its latest outbreak.

The article quoted Director of the Germany Trade andInvest Office in Hanoi Frauke Schmitz-Bauerdick as saying that observersbelieve Vietnam is doing a good job in curbing the new outbreak and can continuewith its economic strategies.

Despite COVID-19, she said, Vietnam was one of only a fewnations to post growth last year, of 2.9 percent. The Asian Development Bank hasforecast that growth may reach 6.7 percent this year and 7 percent next year.

Public investment, especially in infrastructure, aswell as personal consumption by the country’s growing middle-class and strongexports will propel growth this year.

As of late April, she added, newly-registered investmentcapital stood at 8.5 billion USD, up 24.7 percent year-on-year.

Meanwhile, the Handelsblatt newspaper spoke highly of thepotential of Vietnam’s stock market due to the high earnings on offer, especiallyin stocks and bonds.

🐻 It named several funds possessing a high ratio of Vietnamese bonds, suchas Magna New Frontiers, MSCI Frontier Markets, theXtrackers S&P Select Frontier Swap ETF, Global Investment Funds - FrontierMarkets, and Frontier Markets Funds./.

VNA

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