13th National Congress helps ensure political stability in Vietnam: Stratfor
Vietnam is in the position to reap further economic and political success, and the Communist Party of Vietnam’s 13th National Congress will be a factor that helps ensure the nation’s political stability, according to Stratfor, a US-based geopolitical intelligence platform.
At the National Convention Centre in Hanoi where the 13th National Part Congress is taking place (Photo: VNA)
Vietnam is in the position to reap further economic and political success, and the Communist Party of Vietnam’s 13th National Congress will be a factor that helps ensure the nation’s political stability, according to Stratfor, a US-based geopolitical intelligence platform.
An article published on the Stratfor website on January 29 noted that Vietnam’s handling of domestic COVID-19 outbreaks and prioritisation of production continuity will enable it to mobilise capital to low-end production operations.
Meanwhile, in an article published on January 28, the Bloomberg said Vietnam is seeking to boost the role of the private sector in the economy as a push for higher growth and productivity.
It said delegates to the National Party Congress this week are expected to approve a five-year economic blueprint that calls for private companies to account for more than half of the economy by 2025, from 42 percent now, and to almost double per-capita gross domestic product in one of the world’s fastest growing economies.
According to official plans, Vietnam targets to become a developing country surpassing the lower middle income level and having a modern-oriented industry by 2025, a developing one with a modern industry and upper middle income by 2030, and a developed one with high income by 2045./.
In 2023, the focus of the Viet Nam Union of Friendship Organizations (VUFO) is "People-to-people diplomacy for socio-economic development." That is the affirmation of VUFO President Nguyen Phuong Nga in an interview with the press on the occasion of the New Year 2023.
The fifth plenum of the 13th Party Central Committee concluded in Hanoi on May 10 afternoon after six days of working, completing all of its set agenda items.
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