Assistant Deputy Minister at Global Affairs of Canada Paul Thoppil expressed his admiration at Vietnam’s socio-economic achievements over the past 77 years.

At a vaccination centre in Lai Chau province.

In the latest report in April 2022, the World Bank called Vietnam a development success story which transformed into a lower middle- income country in one generation from its humble beginning as one of the poorest nations globally.

Between 2002 and 2021, per capita GDP increased 3.6 times, reaching almost 3,700 USD. Poverty rates (1.9 USD per day) declined sharply from over 32% in 2011 to below 2%.

Thanks to its solid foundations, the economy has proven resilient through different crises, the latest being the Covid-19 pandemic. Vietnam fulfilled several economic targets in 2021, becoming one of the top 20 economies globally in terms of international trade.

Valeria Vershinina, an expert on Vietnam at the ASEAN Centre under the Moscow State Institute of International Relations, affirmed that Vietnam is seen as a “middle-level power” by international scholars.

Meanwhile, Canadian Ambassador to Vietnam Shawn Perry Steil regarded Vietnam as a bright example for countries worldwide to learn from experience in pandemic response while maintaining socio-economic development.

Analysts forecast that Vietnam’s economic growth this year will be high, given a record growth of 7.72% in 11 years in the second quarter which surpassed the previous prediction of 5.9%.

Harvard University’s research result showed that Vietnam is forecast to be among the fastest growing economies in the world by 2030.

Sharing the same view, UK Secretary of State for International Trade Anne Marie Trevelyan said Vietnam will be among the world’s biggest 30 economies in the end of this decade.

Vietnam has also been recognised as one of the top 10 countries to fulfil goals of gender equality promotion and empowerment for women and girls under the United Nations Sustainable Development Goals.

With Vietnam becoming a world standard for fighting the pandemic, Acting UN Resident Coordinator and UNICEF Chief Representative in Vietnam Rana Flowers said such has proved the country's efforts to promote and protect human rights.

Expressing impression on Vietnam’s determination to accomplish the dual goal of becoming a high-income country by 2045 and reducing greenhouse gas emissions to zero by 2050, UN Assistant Secretary General and UNDP Regional Director for Asia and the Pacific Kanni Wignaraja said Vietnam will show the world its own way to ensure progress for all people.

European scholars impressed by Vietnam’s development

Vietnam's economy has recorded spectacular development across fields in recent years, especially in trade, according to scholars from the European Institute of Asian Studies (EIAS).

Textile industry adapts to new development trends

The Hanoi Promotion Agency (HPA) organised a seminar on "Solutions to improve corporate governance in the textile and garment industry in the new context", on August 16.

International organisations upbeat on Vietnam’s development prospects: PM

Many prestigious international organisations and experts have highly valued Vietnam’s development achievements and prospects, Prime Minister Pham Minh Chinh told a government meeting in Hanoi on August 3.

Bac Giang mobilizes resources to clear plane for industrial development

(BGO) – Recently, many foreign and domestic investors have expected to invest in Bac Giang province but the limited land fund cannot meet the demand. In order to create more land source for industrial development and strategic investment attraction, the province has directed to highly focus on land clearance for infrastructure investment projects at the industrial parks and clusters.  

PM chairs conference on social housing development

Prime Minister Pham Minh Chinh chaired a conference on August 1 to discuss measures to expand social housing facilities for workers and low-income earners.

Luc Nam district attracts investment in tourism development

(BGO) - With a system of landscapes, cultural and historical relic sites in harmony with natural beauty and human works, Luc Nam district of Bac Giang province owns many advantages for tourism development. In recent years, the district has taken many ways to attract investment and accelerate the growth of the tourism industry.

Source: VNA