Foreign newspaper praises Vietnam “economic miracle” in Asia

So stated an article entitled “Vietnam - An economic miracle in Asia” posted on The United Arab Emirates’ Khaleej Times newspaper on September 1.

It reviewed the atmosphere in Vietnam at the moment when President Ho Chi Minh read the Declaration of Independence on September 2, 1945. 

The article confirmed that over the past seven decades, Vietnam has been expanding its foreign relations towards multilateralism and diversification; proactively and actively integrating into the world; and acting as a trusted friend and partner and a responsible member of the international community.

It is illustrated by Vietnam’s achievement winning a seat for second time in the Security Council of the United Nations with 192 supportive votes out of total 193, one of the largest margins of victory in the history of the United Nations. Meanwhile, “Vietnam is also Chair of Asean in 2020 - the first time it has held the two positions at the same time,” the article said. “This presents an opportunity for it to take advantage of bilateral relations with other countries and create new momentum for enhancing its role and profile.”

Quoting the World Bank’s assessment, the article said that Vietnam has a stable business environment and has achieved positive results in improving business environment in the past decades. “The Vietnamese economy is assessed to make continual and positive progress in the coming years, thanks to improved access of credit information via providing data to users from commercial banks and upgrading tax collection system, as well as attractive business environment,” it added. 

Furthermore, international organizations appreciated that Vietnam’s competitiveness had been up over the past decades. 

According to the World Economic Forum, the Global Innovation Index (GII) of Vietnam ranked 42/129 countries and territories, ranking first among 26 middle income countries and third position in ASEAN./.