(Photo: VNA) |
The article said investing in emerging markets can come with its own nuances, particularly because each country’s performance can vary with respect to their economic stability.
Vietnam was able to rebound from the pandemic due to a quick, pointed response by its government, the article noted.
Fitch Ratings forecasts growth ahead for Vietnam in 2022. Economic effects related to the pandemic don’t appear to be as severe, thanks to the government’s effective vaccination program.
Fitch Ratings expects growth to reach 7.9% this year and 6.5% in 2023 as the recovery becomes established, attributed to the rebound of domestic and the current growth of exports.