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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...

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 R...

The World Economy Through India’s Lens

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India has solidified its position as a promising growth leader in the world economy, propelled by new paradigms such as the vision for a “Viksit Bharat” by 2047. In recent years, India has impressed the world with its resilient economic trajectory, achieving robust post-COVID GDP growth rates. From 2021 to 2024, India’s GDP grew by 9.1%, 7.2%, and 8.2%, respectively, averaging over 8% during this period. As the fastest-growing major economy, India is influencing the global ecosystem and attracting the new economic order towards the Global South. India’s outstanding G20 Presidency has established the country as a global thought leader, connecting regions through initiatives like the India-Middle East-Europe Economic Corridor (IMEC). Landmark initiatives, including the Delhi Declaration, the Global Biofuel Alliance, green initiatives to mitigate climate change, and the consent for cryptocurrencies, have positioned India as a beacon of global growth. These initiatives will significant...