Prague (VNA) – Vietnam has gainedsignificant achievements in the cause of national development over the years,according to an article by Czech Republic newspaper Halo Noviny.

The article published on//www.halonoviny.cz. on April 8 said after the reunification of thecountry in 1975, Vietnam had to face several difficulties due to theconsequences of the war.

The situation began improving after theSoutheast Asian country implemented the “Doi Moi” (reform) policy in 1986,which yielded impressive results in national building and development.

Vietnam has succeeded in economic reform andforeign investment attraction and after the 1990s, its gross domestic product(GDP) has nearly tripled and the country maintained a stable annual economicgrowth rate of about 7.5 percent, the article pointed out. 

In 2018, despite global economic fluctuations,Vietnam’s economy still expanded by 7.08 percent. With advantages of economicflexibility and low-cost labour along with investment encouragement policies,Vietnam has become an attractive destination for foreign investors.

Secondly, living standards have improved associal security situation has been ensured. In fact, more than one-third of thecountry’s social investment focuses on poverty reduction, human resourcesdevelopment, education, science-technology, healthcare and culture, the articleread.

It quoted the United Nations (UN) as sayingVietnam is one of the successful countries in the world in the fight againstpoverty, meeting the requirements of the UN Millennium Development Goals(MDGs). Before implementing “Doi Moi”, the rate of poor households in Vietnamwas 58 percent, but now the figure is less than 6 percent.

Thirdly, Vietnam’s role in the internationalarena has been enhanced. With an external policy of multilateralisation anddiversification of international relations, Vietnam has established diplomaticties with nearly 180 countries as well as had trade relations with more than160 countries and territories. Vietnam became a member of the UN in 1977.

In addition, the country has signed andimplemented 12 free trade agreements (FTAs) and is negotiating four bilateraland multilateral FTAs.

The article went on to say that in recent years,Vietnam has successfully organised major international events such as the 132ndInter Parliamentary Union Assembly(IPU 132), the Asia-Pacific EconomicCooperation Forum (APEC 2017) and the 26th Annual Meeting of the Asia-PacificParliamentary Forum (APPF-26). Most recently, Vietnam was selected as a venueof the second summit between the Democratic People’s Republic of Korea and theUS.

It concluded the accomplishments that Vietnamhas gained over the past 30 years have proved it was right to follow a reformpath, creating a firm foundation for the country’s stronger development andmore successful integration in the future.-VNA