Int'l media see Vietnam with ‘golden opportunity’ to accelerate development
International media continues to publish evaluative analyses of Vietnam's socio-economic growth plans amid the ongoing 14th National Party Congress in Hanoi.
Amid the official opening of the 14th National Congress of the Communist Party of Vietnam on January 20, international media continues to feature evaluative analyses of the socio-economic growth plans of one of the world's fastest and most stable growing economies today.
A new commentary in The New York Times (US) assesses that the 14th National Party Congress holds the most significant importance in decades, as Vietnam has emerged as one of Asia's most dynamic economies.
According to the article, after 40 years of Doi Moi, Vietnam is pursuing even bolder reforms to catch up with its regional neighbors and recorded many significant and outstanding achievements.
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Commenting on Vietnam's agenda for the next five years, the Modern Diplomacy evaluates that the draft resolution of the 14th National Party Congress shows a stronger focus on security and ambitious economic growth. The Communist Party of Vietnam sets a target of at least 10% annual growth for the next five years, a significant leap from the first five-year period of the decade. According to the author, on the international stage, Vietnam's political stability provides reassurance to investors seeking reliability and stability.
In a post titled "The 14th National Congress of the Communist Party of Vietnam opens", the Shanghai Observer reviews the economic goals of the 13th National Congress of the Communist Party of Vietnam, including: by 2025, transforming Vietnam into a developing nation with industry oriented toward modernity, surpassing the lower-middle-income threshold; by 2030, becoming a developing nation with high middle income and a modern industry; by 2045, becoming a developed nation with high income.
Analysts note that this implies Vietnam's per capita GDP needs to increase by an additional 70% from the current level of about USD 5,000 by 2030. The Vietnamese Government is expected to focus on promoting the private sector, digital economy, and science and technology.
Hai Phong News