Cambodia’s Khmer Times newspaper published an article on February 1 saying that, under the leadership of the Communist Party of Vietnam (CPV), Vietnam is viewed as an economic success story and its growth has been among the highest worldwide over the last decade.
A view of the Vietnam-Singapore Industrial Park in Hai Phong city (Photo: VNA)
- Cambodia’s Khmer Times newspaper published an article on February 1 saying
that, under the leadership of the Communist Party of Vietnam (CPV), Vietnam is viewed
as an economic success story and its growth has been among the highest
worldwide over the last decade.
For its economic
achievements, the country has been described by many international
organisations as “a legendary story,” “a rising star”, or “Asia’s brightest
have been recognised and appreciated by the international community, it said.
Nations Development Programme (UNDP) said Vietnam has created a “legendary
story” in poverty reduction, with its human development index (HDI) of 0.63 in
2019 ranking it 118th out of 189 countries and among those with the highest growth
in the HDI.
It was also
ranked 8th on a list of the world’s best economies to invest in 2019 by the
World Economic Forum (WEF), up 15 places compared to 2018, while its
competitiveness was ranked 67th out of 141 countries and territories, up 10
places compared to 2018.
A new report from
the World Bank Group pointed out that Vietnam’s Human Capital Index increased
from 0.66 to 0.69 between 2010 and 2020, higher than the average of countries with
similar income levels.
According to the
UN Sustainable Development Report 2020, Vietnam is the only Southeast Asian
country to achieve five UN action targets.
The article said
that amid the COVID-19 pandemic, Vietnam has been commended globally thanks to introducing
containment measures that eased economic and human losses.
Vietnam is regarded
as a bright spot in the “gloomy” global economy, becoming one of the 10 economies
posting the highest GDP growth last year.
Apart from the CPV’s
leadership, achievements are also attributable to the solidarity of the whole society, it
freshly-ended 13th National Congress of the CPV, the article said it continued
to set forth sound orientations to take Vietnam towards prosperity and affirm
its important position in handling common issues in the region and the world.
The congress is
expected to realise the country’s strategic targets by 2030 when the CPV marks its 100th establishment anniversary, while serving as a foundation for socio-economic orientations by
2045, when Vietnam celebrates its 100th founding anniversary, the