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Hanoi (VNA) – A recent article in the French daily newspaper Le Figaro spoke highly of Vietnam’s economy amid the adverse impacts for the global economy brought about by COVID-19. It said that Vietnam was among the most-dynamic countries in 2020, despite COVID-19 cutting its growth to 2.9 percent from 7 percent in 2019. It has also been successful in poverty eradication, bringing the figure down to just 2 percent from 50 percent in 1990. The country benefits from economic diversification, as the industrial sector makes up 39 percent and services 47 percent. Vietnam is also a signatory to various free trade mechanisms, it continued, most notably the EU-Vietnam Free Trade Agreement, signed last July and under which tariffs imposed on products from the country and the EU will be removed within a decade. The article went on to note that Vietnam did incredibly well in fighting COVID-19, with only 35 fatalities in a population of nearly 100 million. Numerous preventive measures … [Read more…] about Vietnam’s economy pulls through despite COVID-19: French daily

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