Economic anxiety undermines all countries in the world except Vietnam
Getty image- Vietnamese factory
The very serious British newspaper Financial Times published on Monday, September 26 an article appreciating the economic performance that seven countries, including Vietnam, have achieved in the context of the world economy facing many difficulties and gloomy prospects.
While the financial world is at half-mast and commentators see only recession and galloping inflation in most countries, it is worth noting that a few defy the prevailing pessimism. Here are seven that are holding their own in a troubled world: Vietnam, Indonesia, India, Greece, Portugal, Saudi Arabia and Japan, the article wrote.
What they have in common is relatively strong growth, moderate inflation or strong stock market returns compared to other countries.
It is surprising to find in this list, Vietnam but thanks to effective government policies. By investing heavily in the infrastructure needed for an exporting manufacturing powerhouse and opening its doors, Vietnam is growing at nearly 7%, the highest in the world.
Regarding the other six economies on the list, the article publishes analysis and commentary on the factors that are helping each avoid the global economic recession.
“Any of these economies could, of course, falter through a change in leadership, policy or complacency. Yet these countries are already among the best-performing stock markets this year. Amidst well-founded concerns about the global outlook, a new group of winners is emerging,” the article concluded.