The Rise of Vietnam: A Latin American Perspective

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

In 1986, the 6th National Congress of the Communist Party of Vietnam introduced the ‘Doi Moi’ (Renewal) policy, a pivotal move that steered the country away from poverty and blockade. As a result, Vietnam has experienced remarkable economic growth, now ranking among the top 35 economies globally, with its GDP increasing 96-fold over four decades.

The piece highlights Vietnam’s impressive achievements in diplomacy and global integration. The country boasts diplomatic relations with 193 nations and has signed 17 free trade agreements (FTAs) with over 60 economies. Additionally, Vietnam’s successful poverty reduction efforts have been recognized by the United Nations, with the poverty rate dropping from 58% in 1993 to just 2.93%.

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

The article attributes Vietnam’s enhanced 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 and evolves past ideological foundations, setting the stage for continued national 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 and achieve its ambitious targets. With a clear strategic vision, Vietnam is well-positioned to write the next chapter in its remarkable story of growth and transformation.

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