VOV.VN - Vietnam is viewed as an attractive destination for foreign investors thanks to its stable growth rate, its large domestic market, along with its young and well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam, speaking at the Annual Meetings of the IMF and the World Bank Group (WB) which was held recently in the US.

According to Medas, despite rising geopolitical instability globally, the Vietnamese economy recorded a growth rate of 5.66% in the first quarter of the year.

In line with this, exports have continued to see an upward trend, facilitating overall growth until the end of this year.

He therefore predicts that Vietnamese economic growth will soar by nearly 6% this year thanks to the recovery of domestic demand coupled with the Government's support fiscal policies. However, the nation needs to implemented a flexible fiscal policy in order to cope with risks and to ensure substantial growth, he noted.

The expert outlined that the country continues to receive a large volume of foreign direct investment amidst the shifting of supply chains to Asia, with Vietnam being one of the prime investment destinations for foreign investors. 

Nevertheless, to remain attractive the nation should continue to improve its business environment, streamline administrative procedures, develop infrastructure, especially for green energy development, and promote innovation, he stated.