The Rise of Vietnam: A Latin American Perspective

The article, “The Era of Vietnam’s Rise,” sheds light on the transformative impact of the August Revolution in 1945. This pivotal event marked a new chapter in Vietnamese history, where the people took charge of their destiny for the first time.

In 1986, the 6th National Congress of the Communist Party of Vietnam introduced the ‘Doi Moi’ (Renewal) policy, a pivotal move that steered the country away from poverty and blockade. As a result of this policy shift, Vietnam has experienced remarkable economic growth, now ranking among the top 35 economies globally, with its GDP increasing 96-fold over four decades.

One of Vietnam’s most striking achievements lies in its diplomacy and global integration efforts. The country boasts diplomatic relations with 193 nations and has signed 17 free trade agreements (FTAs) with over 60 economies. Additionally, Vietnam’s successful poverty reduction initiatives have been recognized by the United Nations. The poverty rate plummeted from 58% in 1993 to just 2.93%, positioning Vietnam as a model for other nations in this regard.

According to Reporte Asia, the foundations laid during these pivotal periods have set the stage for Vietnam’s next strategic phase: a period characterized by accelerated growth and transformation. Vietnam has its sights set on becoming a developing nation with a modern industry and upper-middle income by 2030. And by 2045, the country aspires to be a socialist-oriented developed nation with a high income, as outlined at the 13th National Party Congress.

Nearly four decades of reform have enhanced Vietnam’s stature globally, and this progress is attributed to national unity, favorable international conditions, and the Party’s wise leadership. The article emphasizes that the upcoming phase of national rise builds upon and evolves past ideological foundations, paving the way for continued development and a brighter future.

As Vietnam enters the final stretch toward its national development goals for 2030 and 2045, the author expresses confidence in the country’s ability to advance robustly. With a clear strategic vision, Vietnam is well-positioned to achieve the ambitious targets it has set for itself, marking its place as a rising power on the world stage.