Foreign media view 2020 as a truly special year for Vietnam as the country has not only performed the dual role of ASEAN Chair and a non-permanent member of the UN Security Council (UNSC) but also done a good job of concurrently containing COVID-19 and sustaining economic growth.
Though 2020 is a challenging year for Vietnam with the rise of COVID-19, the 14th National Assembly (NA) has taken innovative approaches and managed to complete an enormous workload to fulfill all its three missions in lawmaking, supervision and major decision-making.
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).
Vietnam is considered one of the 10 nations with the highest gross domestic product (GDP) growth in the world in 2020 and one of the 16 most successful emerging economies, Party General Secretary and State President Nguyen Phu Trong has said.
With a thriving economy, stable political system, and a rich culture, Vietnam has been a secure home for not only Vietnamese but also many international friends.
Defence diplomacy is not only an external task of the Ministry of National Defence or the army but also associated with national independence, sovereignty, and interests of Vietnam, as well as security and peace in the region and the world.
The central province of Quang Nam may be a land of heritage, but local tourism development is still to meet the expectations of provincial authorities. Now that a year of COVID-19 and natural disasters has come to an end, Quang Nam is preparing to ensure its tourism sector thrives next year.
The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 percent.
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.
Officials of the Communist Party of Vietnam (CPV) and many political parties in Uruguay engaged in an online talk on December 15, discussing ways to promote ties between the sides.
Ho Chi Minh City is targeting a gross regional domestic product (GRDP) growth rate of around 6 percent in 2021.
Vietnam’s textile and garment exports is set to fall 15 percent to 34 billion USD this year, the first drop in 25 years, over Covid-19 impacts. With the Covid-19 situation remains serious in the U.S. and some European countries, exports to these markets will continue to face difficulties due to a shortage of orders, the Ministry of Industry and Trade said in a recent report.
Vietnam’s seafood exports in November increased 13% against the same period in 2019, according to the Vietnam Association of Seafood Exporters and Producers.
Public investment growth rate in November and the first 11 months of 2020 broke record in 2011-2020 period.
Vietnam is situated within the most dynamic maritime transport network in the world. With a coastline of over 3,200 km, the country boasts huge potential for the development of sea transport and other maritime services.
The National Assembly recently passed a resolution on the socio-economic development plan for next year, with the majority of deputies agreeing with economic proposals tabled and the goal of recording GDP growth of about 6%. This is a reasonable growth rate, deputies said, and fully achievable.
Moody's Analytics, a unit of Moody’s Corporation, has forecast Vietnam, together with China and Hong Kong (China), would see the fastest growth in 2021, thus making the Asia-Pacific region lead the global recovery from the COVID-19 pandemic.
Vietnamese expats living in Australia contributed their ideas to draft documents of the 13th National Party Congress at a virtual seminar held by the Embassy of Vietnam in Canberra on November 7.
The Eurasian Times has recently published an article on Vietnam’s success in attracting foreign direct investment (FDI), saying the Southeast Asian nation has emerged an FDI hub in Asia.
The 16th Party Congress of central Thua Thien-Hue province (2020-2025 tenure) opened on October 22, bringing together 350 delegates representing Party members across the locality.