Brussels Times speaks highly of Vietnam’s economic prospects

Although the global economy is facing a potential recession, international financial institutions have come out with strong forecasts for Vietnam’s economy, the author wrote.

Most recently, credit rating agency Moody's upgraded Vietnam's rating from Ba3 to Ba2, with a stable outlook. Nikkei assessed that Vietnam's COVID-19 recovery index ranked second in the world, up 12 places.

Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.

European companies see Vietnam as a promising business investment centre with multiple quality sustainable projects. Recent investment statistics show an upward trend in investment from some EU countries in Vietnam, such as the Netherlands (26%), Denmark (240%), Sweden (63%), the Republic of Ireland (235 %), and Belgium (284%).

The article stated that Vietnam and the EU share many objectives, goals, and visions in maintaining multilateralism, promoting environmental protection, green and sustainable development, innovation and digital transformation.

According to the article, promoting bilateral cooperation in diverse fields will support Vietnam in fulfilling its strategic and conditional goals to improve human livelihood, contributing to humanity’s progress and the world's development.