Vietnam maintains overall economic recovery momentum this year: Chinese scholar
Vietnam has maintained its economic recovery momentum in 2022 despite many difficulties, Zhao Ruyi, a scholar from the Institute of International Relations at China’s Yunnan University, wrote in an article recently posted on the Tengxun website.
Beijing (VNA) - Vietnam has maintained its economic recoverymomentum in 2022 despite many difficulties, Zhao Ruyi, a scholar from theInstitute of International Relations at China’s Yunnan University, wrote in anarticle recently posted on the Tengxun website.
The scholar said that in a year full of opportunities andchallenges, the Vietnamese Government has adopted a multi-dimension approach by implement a policy to safely and flexibly adapt to and effectively controlthe COVID-19 pandemic as an effort to associate pandemic prevention and controlwith economic development.
As a result, Vietnam's economy has entered a strong recoverytrack and seen rapid growth in many spheres, she affirmed.
In the first nine months of this year, the number of newlyregistered enterprises and those resuming operations was over 1.63 million.
The Southeast Asian country attracted 15.4 billion USD in foreign investment in the period, up 16.3%year-on-year and the highest level since 2018.
However, the Chinese scholar pointed out two main potentialrisks to Vietnam, including impacts on the country’s exports by the complicateddevelopments of the international situation such as rising prices of rawmaterials and transportation costs and supply chain interruption triggered bythe Russia-Ukraine conflict, or economic recession in the US and Westerncountries.
Secondly, Zhao wrote that Vietnam's domestic fiscal room isshrinking, while inflation rate and banks' bad debt rate remain high, and thereare many potential risks in the credit structure, especially the rapid increasein retail credit and corporate bond investment./.
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The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image (Photo: VNA) 
