Algerian press highly appreciates Vietnam's economic resilience

Algerian media on October 6 published articles praising Vietnam's impressive growth achievements in the context of a volatile global economy, emphasizing that Vietnam is affirming its position as one of the most dynamically developing economies in Asia.

Cai Mep - Thi Vai Port is the only seaport cluster in Vietnam that can receive super-large container ships with a capacity of up to more than 200,000 DWT. Photo: Vu Sinh/VNA

Algerian newspapers cited the Vietnamese government's announcement that Vietnam's third-quarter economic growth reached 8.2%, the highest level since 2011 (except for the strong post-pandemic recovery period in 2022). In the previous second quarter, Vietnam's GDP also increased by 7.96%, bringing the average growth rate for the first nine months of the year to 7.8% over the same period.

Some newspapers also quoted Finance Minister Nguyen Van Thang as saying that this was “the highest quarterly growth rate in more than a decade”, reflecting the flexible adaptability and resilience of the Vietnamese economy to the impact of the international trade situation, including new US tariffs and rising natural disaster costs.

Algerian observers say that Vietnam’s ability to maintain high growth rates while many major economies are slowing down shows its potential for macroeconomic stability, foreign investment attraction and the effectiveness of reform policies. Vietnam aims to become an upper-middle-income country by 2030, with growth expected to reach 8% in 2025, compared to 7.1% in 2024.

According to Algerian press, the “resilience” of Vietnam’s economy is a testament to the balanced development model between industrialization, international integration and green transformation – a valuable lesson for many developing economies in Africa and the Mediterranean region.

Source: https://baotintuc.vn/kinh-te/bao-chi-algeria-danh-gia-cao-suc-bat-kinh-te-cua-viet-nam-20251008064336282.htm