Stable Vietnam on the path of renovation

09/09/2014


When thinking of Vietnam, many foreigners is reminiscent of a ravaged country by war. However, since independence, through two fierce wars with the right policies for renovation in 1986, from a poor and backward country, Vietnam has risen to become one of the dynamic economy in the Asia-Pacific region. Thus in recent years, successful stories of economic development of Vietnam have become the focus of the international media and 2014 is not an exeption. In a long-term instalment called “Changing life”, the leading Italian journal of finance-economy 24-hour Sun evaluated Vietnam as one of the most liveable places for people and the country's investment . According to the newspaper, despite the impact of the economic crisis, in 2013, Vietnam's GDP growth was 5.2% and Vietnam's economy continues to grow. Commenting on the housing market, this paper confirmed that low prices can attract foreign investors, especially when Vietnamese government is drafting policies for allowing foreigners to buy houses in Vietnam. Regarding life in Vietnam, 24-hour Sun reported that we definitly secure to send children in many international in the big city. According to the newspaper, with Italian’s income, a person who work for governmental agencies or companies of this country can live in affluence Vietnam.
Under the headline “A friend on the other side of the earth”, journalist Karina Gonzalez Marron by Granma newspaper, the organ of the Communist Party of Cuba has commented recently that the first striking impression of the author is progress Vietnam achieved after the devastation of past wars and intimate feelings of the people of Vietnam to Cuba. “In Vietnam, we find that your country is on track to grow strongly with new and modern buildings built everywhere, major roads are being extended to connect the airport with the city. Along the road is the rice fields, potatoes, fruit and flowers, journalist Karina Gonzalez Marron wrote. The writer noted that, from Hanoi to Da Nang in central Vietnam and Ho Chi Minh City... motorcycles are still dominate everywhere but it is also easy to observe that many of the global famous-car labels are assembled in Vietnam and circulate on the roads. “That is a result of the Renovation Policy  started in 1986. It made market economy oriented socialist which Vietnam considers as the current development model of the country, article explained.
Praising Vietnam’s favorable environment for foreign investors, Mirror newspaper (Germany) said that investors in general and representative of German Chamber of Industry and Commerce German (AHK) in Vietnam in particular all highly appreciated the investment policy and liberal tariff for foreign businesses in Vietnam. Mr. Evert Helms, CEO of the Pepperl & Fuchs Company (P&F), specializing in industrial sensors and processing technology, expressed good feelings when working in Vietnam because his company was received the best conditions for production. According to him, Vietnam has a stable government, people are highly qualified and are always progressive spirit.
Meanwhile, the AP media quoted the speech of chairman of the World Bank (WB) Jim Yong Kim in a visit on last July about the admirable achievements of Vietnam. “The lessons of Vietnam are very useful for other countries and very helpful to us, helping us to implement funding overall goal is to end extreme poverty and build shared prosperity. Vietnam is a typical success story of development and Vietnam should share with the world”, Jim Yong Kim, chairman of the World Bank said.

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All comments [ 10 ]


Huy Quốc 9/9/14 14:31

In 20 years Vietnam has gone from being one of the poorest places on earth to one of south-east Asia's success stories

Vân Nhàn 9/9/14 14:33

Ten years ago there were only bicycles in Hanoi or Ho Chi Minh City. Now the streets of both cities seethe with thousands of Hondas, Toyotas and Piaggios.

Hùng Quân 9/9/14 14:34

Vietnam was one of the poorest places in the world. Now it is among the middle-income countries and attracts donors, too, banking some $5bn a year in subsidies and loans from international agencies and Japan. Its ambition is to join the club of industrial nations by 2020.

Quân Hoàng 9/9/14 14:36

Vietnam converted to a market economy in 1987 and ever since it has sought to establish an international position. It joined the Association of South-east Asian Nations in 1995, then in 1999 signed a trade agreement with the US, enabling trade to take off. In 2007, it joined the World Trade Organisation.

Hoàng Lân 9/9/14 14:38

The priority in any negotiation is to include a training programme and technology transfer. They have an impressive appetite for learning.

Quốc Kiên 9/9/14 14:39

In the towns the middle classes are increasing in numbers.

Phạm Hiếu 9/9/14 14:41

Viet Nam has always attached importance to and wants to expand mutually beneficial cooperation with many countries.

Lê Tín 9/9/14 14:45

The rate of economic growth and poverty reduction since the 1990s has been unsurpassed by most developing countries, although challenges remain with regard to rising inequality, environmental degradation and corruption.

Quốc Cường 9/9/14 14:47

Equity and social cohesion were important components in these reform policies, as the government saw these as crucial to maintaining its legitimacy.

Huy Lâm 9/9/14 14:50

Viet Nam is set to join the ranks of middle-income countries by 2011.

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