[NEWS] – Vietnam is considered Asia’s new tiger

13/10/2022

"Vietnam and Indonesia are emerging as Asia’s new economic powerhouses alongside South Korea and Singapore," according to Agefi.

Agefi, a French-language Swiss newspaper based in Geneva, recently published an article titled "Vietnam is Asia’s new tiger" by Guy Mettan, in which Vietnam is assessed today. has become one of the leading emerging and important economies in Asia.

In Asia, Vietnam is only behind the economies of Singapore, Hong Kong (China), Macau (China), and Malaysia. On a global scale, Vietnam ranks 20th out of 201 markets. In July 2022, Moody’s upgraded Vietnam’s GDP growth forecast to 8.5%, forecasting the highest growth in the Asia-Pacific region.

In addition, Vietnam’s GDP growth is expected to reach 7.5% in 2022, while inflation is expected to be at 3.8%. The data is quoted according to the report of the World Bank (WB) published in August.

In addition, the leading prestigious Swiss newspaper also highly appreciated Vietnam’s efforts when running for the United Nations Human Rights Council after successfully assuming the role of a non-permanent member of the Security Council. Security Council for the 2020-2021 term and believes that ingenuity and balance will benefit Vietnam in the long run in international relations.

Thanh Long

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