The New Vietnam: A Latin American Perspective on the Country’s Rise

The article, “The Era of Vietnam’s Rise,” sheds light on the transformative impact of the August 1945 Revolution. This pivotal moment in history marked a new chapter for Vietnam, as the people took charge of their destiny for the first time.

A key turning point came in 1986 with the 6th National Congress of the Communist Party of Vietnam, which introduced the ‘Doi Moi’ (Renewal) policy. This shift in policy steered the country away from decades of poverty and isolation. As a result, Vietnam has experienced remarkable economic growth, now ranking among the top 35 economies globally, with a staggering 96-fold increase in GDP over four decades.

Vietnam’s diplomatic prowess and successful global integration are also highlighted in the article. The country boasts diplomatic relations with 193 nations and has signed 17 free trade agreements (FTAs) with over 60 economies. Additionally, Vietnam’s poverty reduction efforts have been exceptional, reducing poverty rates from 58% in 1993 to just 2.93%, earning recognition from the United Nations.

According to Reporte Asia, the foundations laid during these pivotal periods have set the stage for Vietnam’s next strategic phase: a period characterized by accelerated growth and transformation. Vietnam has its sights set on becoming a developing nation with a modern industry and upper-middle income by 2030. And by 2045, the country aspires to be a socialist-oriented, high-income developed nation, as outlined at the 13th National Party Congress.

The article attributes Vietnam’s enhanced global stature and progress to nearly four decades of reform, national unity, favorable international conditions, and the Party’s wise leadership. This upcoming phase of national rise builds upon past ideological foundations, evolving them to pave the way for continued development.

As Vietnam enters the final stretch toward its 2030 and 2045 national development goals, the author expresses confidence in the country’s ability to advance robustly. With a clear strategic vision, Vietnam is well-positioned to achieve its ambitious targets and continue its remarkable rise on the world stage.

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