The UK’s Daily Mail newspaper has published an article hailing Vietnam as one of the world’s economic success stories.

According to the article, over the last three decades, Vietnam has embraced its private sector, launched a stock market, benefited from investment by multinational corporations, and enjoyed 7-8 percent annual economic growth.

This success has led fund managers and British investors to see Vietnam as an exciting investment opportunity. As a result, many Asian investment funds hold Vietnamese companies in their portfolios, and three specialist, high-risk trusts invest exclusively in listed and unlisted Vietnamese companies.

Vietnam’s economy, like every other economy in the world, has been hampered by COVID-19, but is back on track now that restrictions have been lifted. This year’s growth is projected to be 1.5 percent, but next year it is projected to return to pre-pandemic high levels.

Vietnam’s stock market has risen more than 30 percent this year, despite difficult economic conditions. The same thing may happen next year, as Vietnam’s corporate profits have been recovering quickly.

Vietnam’s rising stock market will attract the attention of large international investors and push up prices, the Daily Mail article said.

Source: VOV5