Vietnam — one of Asia’s fastest growing economy: Singapore newspaper

(VOVWORLD) - Vietnam is among the world’s most open economies and Asia’s fastest growing economies, according to a recent article run by Singapore-based newspaper Lianhe Zaobao.

The article quoted data from Vietnam’s Ministry of Planning and Investment as saying that Vietnam has attracted nearly 3.2 billion USD in foreign direct investment (FDI) so far this year, up 3.1% against last year. It added that 68% of total FDI was in processing and manufacturing and 10% was in real estate. South Korea is Vietnam’s biggest investor, followed by Japan and Singapore.

Vietnam has signed 12 free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), and the EU-Vietnam Investment Protection Agreement (EVIPA), the paper reported.

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