An automobile frame welding line at the Toyota Vietnam company in the northern province of Vinh Phuc (Photo: VNA)

The article reviewed the country’s economic development since it embarked on its “Doi moi” (Reform) cause, most notably in 2020 when the COVID-19 pandemic spread globally and economies shrank deeply. Vietnam not only successfully contained the pandemic but also posted a GDP growth of 2.91 percent, with the International Monetary Fund (IMF) saying it was among countries with the best economic achievements.

The article also cited a World Bank (WB) forecast that Vietnam’s economy would grow 6.5 percent annually from 2021.

The 13th National Congress of the Communist Party of Vietnam (CPV), meanwhile, set forth strategic targets for the short, mid, and long terms, specifically to 2025, 2030, and 2045, with a focus on foreign investment attraction, scientific-technological reform, and the transformation of the digital economy model.