The Australian Institute of International Affairs (AIIA) on February 5 published an article written by Kyle Springer, a Senior Analyst at the Perth USAsia Centre, saying that the outcomes of the freshly-ended 13th National Congress of the Communist Party of Vietnam suggest continuity in leadership and policy.
The Australian Institute of International Affairs (AIIA) on February 5 published an article written by Kyle Springer, a Senior Analyst at the Perth USAsia Centre, saying that the outcomes of the freshly-ended 13th National Congress of the Communist Party of Vietnam suggest continuity in leadership and policy. (Photo: internationalaffairs.org.au)– The
Australian Institute of International Affairs (AIIA) on February 5 published an
article written by Kyle Springer, a Senior Analyst at the Perth
USAsia Centre,
saying that the outcomes of the freshly-ended 13th National Congress of the Communist Party
of Vietnam suggest continuity in leadership and policy.
According to the article, Vietnam
rolled out its agenda of ground-breaking economic reforms 35 years ago at the 6th National Party Congress. These reforms, known as
Doi Moi, were designed to lift the country out of poverty and end its economic
isolation. They have placed Vietnam on a path of high-speed growth that
has continued even in the midst of the COVID-19 pandemic and is on track to be one of the top growing economies in Asia.
Over the past decade Vietnam has taken on an increasingly active
role in international affairs. It has used its participation in multilateral
trade agreements as an external lever for internal economic reform while
boosting its status as a regional leader. Its participation in completing the
CPTPP after the US departure from the agreement is perhaps the clearest example of this.
Perhaps Vietnam’s crowning achievement is the completion of the
15-member Regional Comprehensive Economic Partnership (RCEP) while serving as
ASEAN Chair in 2020.
Vietnam has also consistently shown an instinct for constructive
diplomatic entrepreneurship in other areas of international affairs. It hosted
the DPRK-USA Summit in Hanoi in 2019 and facilitated the US and Russia joining the East Asia Summit
in 2011.
With Vietnam’s diplomacy reaching new achievements and with many
of the current leaders in place, Vietnam is expected to
rise to meet regional challenges over the next five years.
The author noted that Australia and Vietnam are now together in three major
trade agreements: the ASEAN-Australia-New Zealand Free Trade Agreement
(AANZFTA), CPTPP, and RCEP. This shared architecture serves as a strong base for both countries to pursue deeper economic
ties.
The outcomes of the 13th National Party
Congress are of consequence to Australian policymakers and business as
they embark on their early efforts to strengthen economic ties with Vietnam - a strategic partner of Australia since 2018, according to the article./.