German media appreciate Vietnam's efforts to respond to economic crisis

Photo for illustration. (Source:

According to the article, in the context of the US reporting a record number of new COVID-19 infections and deaths each day and European Union (EU) countries having to impose stringent measures once again to fight the pandemic, the people in Vietnam are celebrating the return to normal life.

The article quoted a Vietnamese teacher as saying that life in the country has long been back to normal without restrictions; however, it is still necessary to wear a face mask when entering shopping malls, bus stations, public means of transport, and places with many people in a tight space.

In terms of the economy, Vietnam has also responded to the crisis better than other countries in Southeast Asia and around the world, the article said.

It cited the Germany Trade & Invest (GTAI) as reporting that Vietnam’s economy registered positive growth of 2.1% in the first three quarters of 2020 compared to the same period last year, mainly thanks to domestic demand and stronger government investments.

In addition, Vietnam’s footwear and textile industry, shaken by lockdowns in the EU and the US, has regained its position with strong export figures in 2020, and is expected to receive more orders next year.

According to the article, the Vietnamese Ministry of Planning and Investment is working to step up economic cooperation models again and recommends small and medium-sized companies provide equipment and components for foreign partners as part of the global supply chain.

In the future, companies should further diversify their products and establish business relationships with different enterprises and industries to help minimise the risk of falling into a further crisis./.



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