Vietnam is in the position to reap further economic and political success, and the Communist Party of Vietnam’s 13th National Congress will be a factor that helps ensure the nation’s political stability, according to Stratfor, a US-based geopolitical intelligence platform.
At the National Convention Centre in Hanoi where the 13th National Part Congress is taking place (Photo: VNA)Vietnam is in the position to reap
further economic and political success, and the Communist Party of Vietnam’s 13th National Congress will be a factor that helps ensure the nation’s political
stability, according to Stratfor, a US-based geopolitical intelligence platform.
An article published on the Stratfor website on January 29
noted that Vietnam’s handling of domestic COVID-19 outbreaks and prioritisation
of production continuity will enable it to mobilise capital to low-end production
operations.
Meanwhile, in an article published on January 28, the
Bloomberg said Vietnam is seeking to boost the role of the private sector in
the economy as a push for higher growth and productivity.
It said delegates to the National Party Congress this week
are expected to approve a five-year economic blueprint that calls for private
companies to account for more than half of the economy by 2025, from 42 percent
now, and to almost double per-capita gross domestic product in one of the
world’s fastest growing economies.
According to official plans, Vietnam targets to become a
developing country surpassing the lower middle income level and having a modern-oriented
industry by 2025, a developing one with a modern industry and upper middle
income by 2030, and a developed one with high income by 2045./.