Vietnam – emerging tiger in Asia: Egyptian media

ABO/NDO – Some Egyptian newspapers, including the Events Magazine News, Al Naasher and The Egyptian Gazette, highly valued Vietnam’s development achievements in recent years in their articles published on May 16.

In the economic aspect, The Egyptian Gazette noted Vietnam is viewed as an emerging tiger in Asia with a GDP growth rate of over 7% in 2019, annual per capita income approximating US$2,800, and household poverty rate brought down to 1.45% – which was recognised by the UNDP as an important attainment of the country’s poverty reduction efforts.

According to this daily, Vietnam is currently among the nations with the fastest growth in the Human Development Index. Meanwhile, foreign direct investment there rises 7.2% each year and exceeded US38 billion in 2019, the highest in a decade.

The newspapers shared that view that Vietnam is holding important dual roles in the region and the world as it is the ASEAN Chair in 2020 and a non-permanent member of the UN Security Council (UNSC) for 2020-2021.

The country excellently fulfilled the tasks in the UNSC presidency last January, they said, adding that this successful performance was an important initial result that will benefit its participation in the UNSC in the time ahead.

(Source: NDO)