Indian scholar Prof. G. Jayachandra Reddy highly spoke of Party General Secretary Nguyen Phu Trong’s writing on Vietnam’s socialism and path towards socialism, calling it an “inspiring piece of article at the appropriate time.”
Party General Secretary Nguyen Phu Trong (Photo: VNA)
Delhi (VNA) – Indian scholar Prof. G. Jayachandra Reddy
highly spoke of Party General Secretary Nguyen Phu Trong’s writing on Vietnam’s
socialism and path towards socialism, calling it an “inspiring piece of article
at the appropriate time.”
Prof. Reddy is former Director of the Centre for Southeast
Asian and Pacific Studies at Sri Venkateswara University in the Indian state of
Andhra Pradesh. He is a co-author of the book “Ho Chi Minh with India”
published in 2019.
The article has appeared at the right time to mark the 131st
birthday of President Ho Chi Minh as well as on the eve of elections of deputies
to the 15th National Assembly and all-level People’s Councils, he told Vietnam
News Agency correspondents in India regarding Trong’s article “A number of
theoretical and practical issues on socialism and the path towards socialism in
Vietnam”.
This certainly helps the Vietnamese leadership to alert and
prepare the party cadres to meet the emerging challenges and opportunities, he
said.
He is particularly impressed with the article’s direct
comparison between capitalism and socialism with reference to Vietnam’s
political requirements, saying it is certainly the best part of this paper, giving
specific and logical reasons which may clarify many doubts of the common man of
Vietnam that why we should follow socialism to realize all the dreams of the
country.
No doubt that Doi Moi (renewal) process has been the center
of attraction and a key political development in the history of independent
Vietnam, he said, noting that before Doi Moi, which was launched in 1986, Vietnam was
labeled as a country sustained simply with foreign aid but the current global
perception is totally different. Vietnam is now one of the countries of ASEAN with
high GDP growth and is expected to be the strongest economy of the region
within a couple of decades.
On the other hand, Vietnam is also emerging as a key player
among the ASEAN members, he continued, evidently Vietnam has been instrumental in addressing many issues, specifically the South China Sea (known
as East Sea in Vietnam) claims, as the chair of the ASEAN.
Reddy highlighted a prediction by many scholars that the
21st century is of Asia, and no doubt that a country like Vietnam has been burgeoning
with its dynamic domestic and international economic policies. He pointed out that no one would
have predicted that Vietnam would become one of the largest consumer markets in
the world by 2020. Vietnam is one of the very few countries which have
registered nearly 3.0 percent of GDP growth rate, whilst surprisingly, the
world GDP growth rate is -3.6 percent, as per World Bank data.
He moved on to point out specific challenges facing Vietnam
in building and promoting the economy and creating an international market. He
suggested Vietnam improve multiple areas to come over the challenges, some
of which are the economic framework for growth and poverty reduction; creating
a supportive climate for entrepreneurship; transforming the rural economy; enhancing
human capital with international competence; providing efficient
infrastructural facilities and services; improving environmental quality;
building modem governance with IT support; and confidence building at global
level./.