German newswire Deutsche Welle (DW) recently ran an article hailing Vietnam’s successes in combating the COVID-19 pandemic as well as economic development on the threshold of the 13th National Congress of the Communist Party of Vietnam (CPV).
The Communist Party of Vietnam will hold its 13th National Congress from January 25 to February 2. (Photo: VNA) German newswire Deutsche Welle (DW) recently ran an article
hailing Vietnam’s successes in combating the COVID-19 pandemic as well as economic
development on the threshold of the 13th National Congress of the Communist Party of Vietnam (CPV).
The article lauded Vietnam among few countries in the world that have been
successful in preventing the outbreak, saying soon after the onset of the
health emergency, authorities put in place strict measures to control the
spread of the virus, which helped keep infection number under control
throughout the year.
According to the US-based Johns Hopkins University, the country has so far recorded
1,544 COVID-19 infections and 35 deaths.
The Vietnamese Government’s successful handling of the health crisis has had a
positive effect on the economy. Vietnam is one of the few countries that
managed to post growth in 2020, expanding by 2.9 percent in a year while many
economies worldwide recorded massive contractions.
Additionally, consumer confidence and optimism also remain high, according to
the London-based market research firm Nielsen.
The export-oriented nation is becoming increasingly important to the globalised
economy and international supply chains, the article highlighted, saying
Vietnam has emerged as a major trade partner for Germany and the European Union (EU)
as a whole since the EU-Vietnam Free Trade Agreement (EVFTA) came into force in
August 2020.
Vietnam also organised the virtual signing ceremony for the mammoth Regional Comprehensive
Economic Partnership (RCEP) agrement, creating the world’s largest free trade area.
According to DW, the Southeast
Asian country will hold the 13th National Party Congress from January 25 to February 2 to
select new leaders of the Communist Party of Vietnam and outline policies for
the next five years, of which COVID-19, trade and climate change will be in top
priorities.
Regarding the country’s challenges, Carl Thayer, a political scientist emeritus
at the Australian University of New South Wales, said Vietnam’s energy security
is the most pressing problem for the next five years. Besides, the country
needs to resolve numerous longstanding tariff and trade issues with the US -
the largest export market of Vietnam.
He also expressed his optimism that Vietnam will reach agreement with the US on
many issues, and the country is likely to resume double-digit economic growth
within the next five years, particularly if it makes clever use of the signed
new-generation free trade pacts.
Meanwhile, Nguyen Phuong Linh, deputy director of the consulting firm Control
Risks, said reforms top the list of the measures needed to ensure
robust economic growth and political stability.
Journalist Mike Tatarski who lives in Ho Chi Minh City, for his part, mentioned
the urgent need to modernise infrastructure in the context that Vietnam has
been a favoured destination in the global production chain.
Vietnam should pay due heed to climate change, he said, adding it is necessary for
the country to develop agriculture in a more stable fashion./.