Gemalink International Port, Phu My Town, Ba Ria-Vung Tau Province. (Photo: VNA)

International rankings highlight Vietnam's impressive progress in both economic and social development, according to Professor Hal Hill, Vietnam is on track to soon become a "high-income economy."

Layton Pike, a member of the Australia-Vietnam Policy Institute (AVPI)'s advisory board, emphasized that balancing regional and global relations is a standout feature of Vietnam’s foreign policy.

In 2024, Vietnam and Australia elevated their relationship to a Comprehensive Strategic Partnership. Pike assessed that following the leadership transition in 2024, Vietnam is set to continue navigating effectively through an increasingly complex geopolitical landscape in the years to come.