Thai media calls Vietnam rare economic bright spot

(VOVWORLD) - Amid global concern over inflation and rising interest rates, Vietnam has emerged as a rare economic bright spot, boasting healthy GDP growth and an array of opportunities, according to an article posted Monday on bangkokpost.com.

Thai media calls Vietnam rare economic bright spot - ảnh 1Vietnam emerges as a rare economic bright spot, boasting healthy GDP growth and an array of opportunities, according to an article posted on bangkokpost.com on September 19, 2022.
(Photo: VNA)

The article, entitled “Towering above the rest”, said that Vietnam, an emerging market with one of the highest growth rates in the world, has drawn significant investments from abroad. Vietnam’s bourse often offers a high rate of return on investment.

In August, as bourses in developed markets declined, Vietnam's stock markets rebounded by more than 4%, thanks to continued capital inflows and economic stimulus measures launched by the government. Vietnam's monetary policy is relatively moderate, particularly when compared with developed countries.

There are four key factors contributing to strong economic growth and attracting investors to Vietnam, making it one of the few countries offering high returns, said investment firm One Asset Management (ONEAM). ONEAM analysts believe GDP growth for 2022 could soar to 6.1-6.5%. Second, data from Vietnam's Planning and Investment Ministry indicates that foreign direct investment (FDI) has strengthened Vietnam’s reserves. Third, land reform policies, such as land appraisal using market prices and limits on agro-industrial areas not exceeding 20 hectares per factory, have been adopted. Finally, Vietnam's stock exchange revised its securities trading regulations by reducing the settlement date from two to 1.5 days, which is expected to facilitate the launch of more sophisticated products in the future.

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