Achievements consolidate trust in Vietnam’s bright future
1/2/19
Vietnam has gained remarkable achievements in socio-economic development and Party building in 2018 and after three years of implementing the 12th National Party Congress’s Resolution, thus consolidating trust in the nation’s bright future.In his article published ahead of the 89th founding anniversary of the Communist Party of Vietnam (February 3), Party General Secretary and President Nguyen Phu Trong wrote that despite difficulties and challenges, Vietnam’s position and strength have been enhanced and the country is thriving.Vietnam has never had such a high position, potential and prestige like at present, the leader affirmed.In 2018, Vietnam accomplished all 12 set targets and surpassed nine of them. The country’s gross domestic product (GDP) growth rate hit 7.08 percent – the highest level in a decade, and its export turnover reached 238 billion USD, resulting in a record trade surplus of 7.2 billion USD.The economy was valued at over 5.5 quadrillion VND (more than 240 billion USD), a 1.3-fold rise compared with 2015. The country remained attractive to foreign investors, with the flow of foreign direct investment (FDI) exceeding 30 billion USD, of which 19.1 billion USD was disbursed. The tourism sector served nearly 15.6 million foreign tourist arrivals, three times higher than that of 2010, he wrote.Regarding external relations, the leader stressed that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was ratified by the National Assembly in November 2018 and officially came into force on January 14, 2019. Vietnam also successfully organized numerous international events, including the World Economic Forum on ASEAN (WEF ASEAN) 2018 and the 26th annual meeting of the Asia-Pacific Parliamentary Forum (APPF-26). In the year, the country was voted for the first time as a member of the United Nations Commission on International Trade Law (UNCITRAL) for the 2019-2025 tenure.The Party, National Assembly and Government issued a lot of policies and mechanisms related to important and urgent issues in 2018.For the apparatus organization, the Party promulgated different resolutions and regulations, thus creating a firm foundation and strong motivation for sustainable socio-economic development.In terms of the Party building and consolidation, resolutions promulgated by the Party Central Committee blew a new breath of fresh air in leading and steering the implementation of strategic political missions.Notably, the fight against corruption, wastefulness, bureaucracy and negative phenomena was stepped up and gained positive results.“This is a breakthrough in the Party building and consolidation as well as in tightening disciplines in the State apparatus and the whole political system, thus helping enhance trust of people from all walks of life in the Party’s leadership,” the leader emphasised.In his article, he also affirmed that the reform, industrialization, modernization, socialist-oriented market economic development and international integration are a great revolutionary cause, a “giant struggle”, and a “severe self-surgery”.Regarding the missions in 2019, the leader required the highest efforts to fulfill all socio-economic development tasks, stabilize the macro-economy, step up the implementation of strategic breakthroughs, speed up economic restructuring in line with growth model reform, ensure social welfare, and improve people’s living conditions.Along with maintaining independence, sovereignty and a peaceful, stable environment for national development and promoting external relations, he asked for the continued implementation of the resolution of the 12-tenure Party Central Committee’s fourth session on Party building and the Politburo’s Directive No. 05 on enhancing the study and following late President Ho Chi Minh’s thoughts, morals and lifestyle, thus creating strong changes in the Party building and consolidation./.
All comments [ 9 ]
I’m very happy with the achievements Việt Nam gained last year. Key factors helping us to achieve such economic progress are attributed to the Party and Government’s guidelines and policies.
Though many difficulties and challenges are still ahead, with firm confidence in the Party and Government’s policies, we will achieve many more successes in 2019 compared to those of 2018.
I’m confident that with concerted efforts from people of all walks of life, this year will be a successful one for Việt Nam.
According to the World Bank, Việt Nam is among countries achieving the highest GDP growth in 2018.
Though we have achieved remarkable progress in economic development, our economy remains small with low competitiveness and productivity. Economic reforms are also at an early stage.
This year is very important for the country to achieve its five year national economic plan in the period 2016-2020 and a firm foundation for the up coming 10 years socio-economic programme towards a goal of a prosperous Việt Nam.
With the economy and foreign affairs, Vietnam has gained significant achievements on protecting and promoting human rights.
Việt Nam officially became the 7th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on January 14. This is very important factor for the country to expand and develop its market.
What I want to emphasis is the flow of global investment funds will experience a big change in 2019, and ASEAN and Việt Nam remain lucrative and attractive venues for investors.
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