Page 12 - DIVA_4_2022

INTERNATIONAL

managed this tremendous ascension? cies, administrative procedures and legal framework that
Since the adoption of Doi Moi policies in 1986, with con- has facilitated foreign investors and domestic businesses.
sistent domestic reforms and international integration for To date, Viet Nam has become a focal point in terms of
implementing development goals in line with the MDGs investment attraction and sustainable development.
before and SDGs now, Viet Nam has achieved remarka-
ble successes in both social and economic development, Fourth, Viet Nam has also managed to mobilize invalu-
raising living standard of its people. Despite many up- able internal resources for national development. These
heavals facing the world economy in the past decade, include, among others, qualified and abundant human
Viet Nam retains an average growth rate of 5.9 per cent resources and the strong will of hard-working and for-
per year during the 2011–2020 period, ranking it among ward-looking people who have united and contribut-
the world best performing economies. Particularly since ed their part to the cause of national development and
its accession to the World Trade Organization (WTO) in defense. Viet Nam has the third largest population in
2007, Viet Nam has doubled its Gross Domestic Product Southeast Asia (nearly 100 million), half of which is rel-
(GDP) growth, impressively reduced poverty from 14% atively young, below the age of 30. This well-educated,
to 2% and become one of the twenty largest exporting hard-working, with knowledge of and access to tech-
countries in the world. nology and internet, and relatively cheap workforce has
become one of our major assets for promoting the coun-
Such notable economic development is possible thanks try’s competitiveness and FDI attraction. Local prices and
to several factors. low-cost of living, with a relatively modern infrastructure
and beautiful landscape are also great reasons for inves-
First, the Party and State of Viet Nam had conducted tors and business people to consider when looking for
timely and accurate renovation and development goals, opportunities in the region.
strategies and policies, fully supported by the people. The
consistent and long-term goal that we pursue is to build a In short, I think concerted actions by State institutions
Viet Nam of «rich people, strong nation, with just, dem- and policies of opening-up, steady reform, deep inter-
ocratic and civilized society», in which economic growth national integration, strong support of the people and
must go hand in hand with comprehensive social and national solidarity, together with a good combination
cultural development, realizing social progress and jus- of external resources and internal strength in pursuing
tice and leaving no one behind. At the same time, Viet agreed national goals have contributed to the successful
Nam proactively contributes to maintaining peace, stabil- story of Viet Nam’s economic ascension and sustainable
ity and development in the region as well as contributing development.
to the common endeavor of people around the world for
national independence, democracy and social progress. Q: Has your country recovered from the Covid pandemic,
or do you still face problems like many other countries
Second, the process of integration of Viet Nam into the do?
regional and global economy has been consistently car- Viet Nam has prepared for the pandemic as early as the
ried out. As the result of the open-door and integration very first case of Covid-19 in the world was reported in
guidelines, Viet Nam now has economic relations (trade January 2020. Between early 2020 to mid-2021, we ap-
and investment) with over 230 countries and territories plied the “zero-Covid” policy, with masks, tracing, and
worldwide; serving as a destination for foreign investors social-distancing, and gained certain success in con-
from more than 130 countries and territories. Our inter- trolling the number of Covid-19 cases across the country.
national integration has been facilitated by our domes- Despite the global economic recession and disruption
tic law and policies and our participation in thousands of supply chain due to Covid-19, Viet Nam was ranked
of bilateral and multilateral agreements on various fields; as the top performing economy in Asia, being among
including the network of 15 FTAs such as CPTPP, EVF- the few nations worldwide to record positive economic
TA, RCEP; and we are continuing FTA negotiations with growth (2.9% in 2020 and 2.58% in 2021).
several other partners.
After the initial success in containing the virus, Viet Nam
Third, Viet Nam has successfully attracted FDI and also was hit by the new wave of the pandemic in the second
received and effectively used development assistance half of 2021 due to the Delta variant. Faced with the great
from international organization and country partners challenges posed by the Covid-19 pandemic, Viet Nam
and support from non-governmental organizations for has effectively implemented a flexible Covid-19 response
socio-economic development, particularly supporting strategy in order to continue to pursue dual goals of
the disadvantaged regions and vulnerable groups of our fighting the pandemic and maintaining socio-economic
people. At the same time, we preserved political stability development. Thanks to the support of COVAX and oth-
and transformed business environment, in term of poli- er partners, Viet Nam has launched the largest vaccina-

W W W . D I VA I N T E R N A T I O N A L . C H
12
12 W W W . D I VA I N T E R N A T I O N A L . C H