(Source: moderndiplomacy.eu)

According to the article, the economic growth of Vietnam has been accelerating and the agricultural sector has been productive in ensuring food security for Vietnamese citizens. This sector also earned valuable foreign exchange of more than 48 billion USD. One of the interesting achievements of Vietnam has been increasing life expectancy, and its universal health coverage which covers more than 87 per cent of the population. Vietnamese population is also young and is adapting itself for digital economy and building core fundamentals for its membership in different regional economic organisations such as RCEP and CPTPP.

Vietnam’s  inward foreign direct investment has also been doing quite well and it has received more than 27 billion USD last year. Improved economic environment has been appreciated by several companies such as Adidas, Nike and Samsung.      Owing to the development of new kind of digital technologies and better consumer awareness, Vietnam is preparing itself for a major impetus in the e-commerce sector and therefore has been making extensive changes in digital economy and more focus on science and technology development.

One of the core arguments which have been given with regard to Vietnam’s impressive growth has been related to trade liberalization, improvement in the ease of doing business, investment in human resources and stable government were seen as critical attributes for this impressive growth in Vietnamese economy.