Foreign public opinion in general posts positive news and articles reflecting the socio-economic development situation of Vietnam. Photo: Phan Anh

According to statistics from the Ministry of Information and Communications, in March 2024, there were 456 news and articles from foreign news agencies and radio stations on Vietnam's socio-economy.

In March 2024, foreign public opinion in general still posted many positive news and articles reflecting Vietnam's socio-economic development situation.

Foreign press opinion positively evaluated Vietnam's economic development, with signs of recovery such as strong growth in the retail and tourism sectors.

According to BNN Breaking, Vietnam's economy witnessed a significant improvement in early 2024 thanks to the growth of the retail and tourism industries in February 2024, signaling a promising year for the economy.

As Vietnam continues to record strong growth in the retail and tourism sectors, the future of the Vietnamese economy is positive.

Initial success in 2024 not only shows the resilience and dynamism of the Vietnamese market but also creates a positive premise for the whole year 2024.

With continued efforts to strengthen tourism infrastructure and boost consumer spending, Vietnam is poised to maintain and possibly surpass this growth trajectory, consolidating its position as a growing economy in the region.

International press opinion continues to recognize Vietnam's role in global manufacturing and predicts that Vietnam will become one of the top-performing markets in Asia-Pacific in the first half of 2024.

A corner of Ho Chi Minh City. Photo: VNA

The website ctmfile.com has an article stating that India, Indonesia, and Vietnam are challenging China's dominant role in global production. Vietnam has become a formidable rival to China as global corporations seek to produce goods in Asia.

Vietnam is expected to record the highest wealth growth in the world over the next decade. Vietnam has the advantage of long-term political stability and this is a driving force in attracting business activities. In addition, Vietnam also has other advantages for corporations to utilize business opportunities.

According to CNBC analysts, India, Japan, and Vietnam will become the top-performing markets in Asia-Pacific in the first half of 2024.

Vietnam is expected to bring more opportunities and attract global corporations to do business and invest.

The Center for Economic and Business Research (CEBR) (UK) forecasts that Vietnam has the prospect of surpassing the leading economies of ASEAN around 2038 and becoming a high-income country by 2045.

CEBR assesses that Vietnam's economic ranking may increase rapidly in the future. Vietnam will rise to 24th position in the world by 2033, with an economic scale of US$1.05 trillion.

According to CEBR, with the advantage of a large and young population, Vietnam has the opportunity to surpass most ASEAN countries economically, including Singapore, Thailand, and Malaysia, to become a high-income country by 2045. CEBR forecasts that Vietnam's average annual GDP growth rate will be 6.7% in the period 2024-2028. In the next 9 years, the average growth rate will be 6.4%.

Asian Insiders published an article analyzing the drivers of Vietnam's economic prospects, saying that Vietnam's economy is changing strongly with solid growth.

According to the article, Vietnam's economy is centrally planned through a series of 5-year plans. This is a series of economic development initiatives of the government, outlining economic strategies, and growth targets, and implementing reforms.

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