Vietnam are reigning champions of the AFF Cup. (Photo: VNA)

For all Vietnam's defensive stability and invention in midfield, Linh, standing at 1.83 metres, offers a focal point in attack and a keen eye of goal, having already scored seven goals in Vietnam's ongoing World Cup qualifying campaign, he wrote.

Forward Nguyen Tien Linh (in red) (Photo: VNA)

Tan also spoke highly of Chanathip Songkrasin of Thailand and Safawi Rasid of Malaysia.

Meanwhile, tickets for Vietnam’s matches at the regional football tournament were sold out less than one day.

They could be purchased online at the price of 27 SGD (20 USD) for adult and 16 SGD for children.

The games are scheduled to take place in Bishan stadium of Singapore, which has a capacity of 6,000. However, the organising board only allows 1,000 football fans to enter the stadium due to COVID-19.

Spectators have to be fully vaccinated and children under 12 who have yet to receive COVID-19 jab must be accompanied by adults.

The AFF Suzuki Cup 2020 will kick off on December 5 following a year's delay due to the pandemic.

Remittance to Vietnam forecast to continue growing despite pandemic

The World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD) forecast that remittance to Vietnam is estimated at 18.1 billion USD in 2021, reported Vietnam News Agency.

Illustrative image (Photo: VNA)

As such, the country will be the eighth largest remittance recipient in the world and the third largest in the Asia-Pacific region this year.

In 2020, Vietnamese abroad sent 17.2 billion USD back home.

According to estimates from the World Bank’s Migration and Development Brief released recently, remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach 589 billion USD in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 percent despite a severe global recession due to COVID-19.

Vietnam among markets driving future trade growth

A recent research by Standard Chartered has listed Vietnam among the 13 markets driving future trade growth, and with its enhanced integration into the global economy, the country is holding numerous advantages for bolstering export, the Cong Thuong (Industry & Trade) newspaper said.

Vietnam recorded 299.67 billion USD in exports and 299.45 billion USD in imports in the first 11 months of this year. (Photo: VNA)

In its research, titled “Future of Trade 2030: Trend and markets to watch”, the bank forecast Vietnam will record an average annual exports growth rate of 7 percent to earn 535 billion USD in revenue in 2030.

Notably, up to 41 percent of the global firms surveyed by Standard Chartered are operating in Vietnam or planning to invest in the country in the next five to 10 years.

The US and China will remain the largest export markets of Vietnam, respectively accounting for 26 percent and 19 percent of the Southeast Asian country’s total exports by 2030. Meanwhile, shipments to India are also projected to grow fast, by 11 percent annually between 2020 and 2030.

With growing international trade, Vietnam is emerging as an important production base. The sectors with great contributions to exports from now to 2030 include machinery - electrical equipment, textile - garment, and agriculture - food, respectively making up 40 percent, 21 percent, and 15 percent of total exports.

Illustrative photo (Source: baodautu.vn)

Cong Thuong cited experts as saying that with an abundant workforce, the proximity with large supply chains, and open policies for foreign direct investment, Vietnam is establishing itself as a production hub of the world and attracting foreign enterprises.

The enhanced integration into the global economy via free trade agreements (FTA) like the EU - Vietnam FTA, the UK - Vietnam FTA, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP) is giving the country numerous advantages for boosting overseas shipments.

In the first 11 months of 2021, Vietnam recorded 299.67 billion USD in exports and 299.45 billion USD in imports, respectively rising 17.5 percent and 27.5 percent year on year, according to the General Statistics Office.

Given this, total trade turnover this year will surpass 600 billion USD, a demonstration of tireless efforts by the Government, ministries, sectors, localities, and businesses to weather COVID-19 impacts, according to the newspaper./.

Compiled by BTA