(VOVworld) – “Bloomberg News” reported on Wednesday that Vietnam’s 12th National Party Congress is a chance to select new leaders.
Vietnamese leaders share one common goal of quickly making the best of opportunities and advantages to develop Vietnam.
This is of significance for the Vietnamese economy which has developed unsustainably and easily been affected by many factors, especially investors.
According to “Bloomberg News”, with such a promising market Vietnam is one of ideal choices of foreign entrepreneurs.
Besides Vietnam, a country of 90 million people 60% of them at less than 35 years old, is considered a dynamic market with low costs for labor and land lease.
The online paper reported the key to realizing these advantages are to increase support for industries through tax system simplification, investment in education, and fight against corruption.
2016 will mark 30 years of Vietnam’s renewal process which has lifted it to middle income countries. In the next 30 years, Vietnam needs to focus on initiatives, reforms while reducing the dependence on low labor costs, exports, and removing negative factors to boost the economy.