Various German newspapers have run articles on the 13th National Congress of the Communist Party of Vietnam (CPV), which is underway from January 25 to February 2.
Egyptian newspapers have published articles lauding Vietnam’s outstanding accomplishments in recent years, especially as the 13th National Congress of the Communist Party of Vietnam (CPV) is on the horizon.
“Doi Moi” (Renewal) policy, launched during the sixth National Party Congress in 1986, has helped Vietnam record remarkable, comprehensive and historical achievements, with a high economic growth, people’s better living conditions and stable socio-political situation, expanded foreign relations and enhanced international prestige.
The Central Institute for Economic Management (CIEM) introduced two scenarios for Vietnam’s economic growth this year during a seminar on January 15, with the economy forecast to expand 5.98 percent in H1 and 6.46 percent in H2.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
The COVID-19 situation has considerably sped up the transition of manufacturing work into Vietnam and the country is uniquely positioned to take advantage of this move.
Vietnam’s economy is expected to move to the 19th position in the rankings of the World Economic League Table in 2035, according to the Centre for Economics and Business Research (CEBR).
The Japan Centre for Economic Research has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035.