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UAE’s Khaleej Times lauds Vietnam as economic miracle in Asia

07:33 | 03/09/2020

Khaleej Times of the United Arab Emirates (UAE) earlier this week ran an article saying Vietnam has been thriving to become a key player in Southeast Asia after 75 years of independence.

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uaes khaleej times lauds vietnam as economic miracle in asia
The article was published on September 1, a day before Vietnam's National Day (September 2).

The article, titled “Vietnam – An economic miracle in Asia,” lauded the country’s constantly developing social, culture, improved commercial and spiritual life and stable politics.

"Vietnam has been thriving to become a key player in Southeast Asia with constantly developing social, culture, improved commercial and spiritual life and stable politics." , the article said.

Recent years have seen growing reputation, prestige and presence of Vietnam in the international arena, it said.

The article recalled the moment 75 years ago when President Ho Chi Minh read the Declaration of Independence.

With the aspiration for independence and freedom, Vietnamese people have risen to reclaim independence. The oath for Independence echoed in the hearts of each and every one of Vietnamese as the then President Ho Chi Minh read the Declaration of Independence on September 2, 1945, according to the article.

uaes khaleej times lauds vietnam as economic miracle in asia
Vietnam has a stable business environment and has achieved positive results in improving business environment in the past decades. Photo: Khaleej Times

Over the past seven decades, Vietnam has expanded its foreign relations towards multilateralism and diversification; proactively and actively integrating into the world; acting as a trusted friend and partner and a responsible member of the international community.

The year 2019 witnessed a new milestone in Vietnam's achievement for second time winning a seat in the Security Council of the United Nations with 192 supportive votes out of total 193. This is so far considered as one of the largest victory in the history of the United Nations. Vietnam is also Chair of ASEAN in 2020 - the first time it has held the two positions at the same time. This presents an opportunity for it to take advantage of bilateral relations with other countries and create new momentum for enhancing its role and profile.

uaes khaleej times lauds vietnam as economic miracle in asia
Global Innovation Index (GII) of Vietnam ranked 42/129 of the countries and territories, ranking first among 26 middle income countries and third position in ASEAN. Photo: Khaleej Times

The article cited the World Bank (WB)’s assessment that Vietnam has a stable business environment and has achieved positive results in improving business environment in the past decades.

Business Report 2020 of WB ranked Vietnam as 70/190 of world economy (increasing 20 grades than in 2010); Vietnamese Paying Taxes ranks 109/190 of countries and territories (up to 22 grades than in 2018); at the same time, the Vietnamese economy is assessed to make continual and positive progress in the coming years, thanks to improved access of credit information via providing data to users from commercial banks and upgrading tax collection system as well as attractive business environment (in 2019, foreign direct investment committing to invest in Vietnam has exceeded USD38 billion, the highest level in Vietnam for the 2009-2019 period, increased by 7.2 per cent/year).

The World Economic Forum has appreciated that Vietnam's competitiveness is ranked 67/141 countries and territories (up to 10 grades than in 2018); Global Innovation Index (GII) of Vietnam ranked 42/129 of the countries and territories, ranking first among 26 middle income countries and third position in ASEAN; internet information security ranking index in Vietnam ranked 50/175 of the countries and territories (increased 50 grades than in 2018), the article said./.

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