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People at heart of Vietnam’s developmental success: South African paper

The Diplomatic Society, a newspaper with printed and online versions popular in the diplomatic and political communities of South Africa, on January 28 published an article highly valuing 35 years of Vietnam’s innovative development under the leadership of the Communist Party of Vietnam (CPV).
People at heart of Vietnam’s developmental success: South African paper ảnh 1The 13th National Party Congress is one of the most important political events of Vietnam in 2021 (Photo: VNA)
Pretoria (VNA) – The DiplomaticSociety, a newspaper with printed and online versions popular in the diplomaticand political communities of South Africa, on January 28 published an articlehighly valuing 35 years of Vietnam’s innovative development under theleadership of the Communist Party of Vietnam (CPV).

According to this article, the acknowledgmentthat the people are at the heart of the developmental success of Vietnam’semergence is the basis of the CPV’s 13th National Congress. The grand openingof the congress in Hanoi on January 26 was attended by 1,587 delegates whorepresent more than 5.1 million members. The delegates will reflect on theoutcomes of the policy of Doi Moi (renewal), which transformed the country tofollow the path of a socialist-orientated market economy.

It noted that 2020 can be considered the mostchallenging year in the build-up to the 13th National Congress. 

As the viral COVID-19 pandemic spread across theworld it has caused many deaths and affected the health of many more. Further,it has affected human activity, and in some instances, brought it to a completestandstill. Vietnam’s response to the pandemic has been exemplary and commendedby the World Bank for acting with urgency to reduce the spread of the virus andminimising deaths and illness caused by the virus even though it shares aborder with China, where the virus was first discovered.

Economic growth in Vietnam was calculated at2.91 percent, the second highest in the world even as the disease sent otheradvanced economies into a tailspin with many registering negative double digitgrowth figures. This can be attributed to the governance of the Party and the will,discipline and resilience of the Vietnamese people and their trust in theleadership, The Diplomatic Society wrote.

The International Monetary Fund (IMF) projectionfor Vietnam’s rate of growth for 2021 is 6.7 percent and per capita income isset to increase to 2,900 USD. Through synchronising infrastructure,industrialisation and modernisation, and combining production with the market,Vietnamese manufactured goods can be found in over 200 countries and regionsaround the world. 

The role of the CPV in extending, increasinginternational relations, and developing new partnerships through variousbilateral and multilateral forums has boosted the country’s globalgeo-political status, the newspaper went on.

Vietnam has been ranked among the top 10 fastestgrowing countries in the world over the past five years and is one of the 16most successful emerging economies. In 2020, the opening up of the Vietnameseeconomy has resulted in the creation of more than 8 million new jobs andaverage income increased by nearly 145 percent. Vietnam is also recognised asbecoming a “manufacturing hub” in the Asia-Pacific region as it takes thefourth spot in economic size in Southeast Asia.

The CPV’s 13th National Congress will lay out aframework and direction for Vietnam’s development over the next five years, andthe new elected leadership will have to implement the decisions taken. Key tothis is the 3,260km coastline that has 44 sea ports to drive Vietnam’s path todevelop into a significant maritime nation by 2030.

Concluding the article, The Diplomatic Societynoted as self-reliance as a nation becomes central to its wellbeing, it alsoresonates with the self-sufficiency of individual citizens. Changingconsumption habits, diversity in connection, communication and informationaccess is leading to integrated monetary exchange mechanisms and the creationof innovative revenue streams generated from enterprising digital platforms andapplications. This is well noted in reports and bodes well for Vietnam’spreparedness for the new industrial revolution./.
VNA

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