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VIET NAM
LAND OF OPPORTUNITIES
1

MESSAGE FROM
MINISTER OF FOREIGN AFFAIRS

BUI THANH SON

Dear readers,

With the initiation of the ĐỔI MỚI (Reform) process 35 years ago, Viet Nam embarked on a
remarkable development trajectory, becoming a vibrant and dynamic economy in the Asia-Pacific
region. Despite the disruptive impacts of the COVID-19 pandemic, Viet Nam is one of the few
economies in the world to still manage to expand its GDP, recording 2.91% growth in 2020.

This resilience and dynamism comes from Viet Nam’s success in proactively and effectively
integrating with the world’s economy and in playing increasingly important roles in global
production and value chains. As a strong supporter of the multilateral trading system, Viet Nam
participates in some of the most pivotal international frameworks for economic cooperation
and integration, including high standard, new generation FTAs such as the CPTPP, RCEP, and
EVFTA. Today, Viet Nam lies at the heart of an extensive network of 15 bilateral and multilateral
FTAs, which open up the highway of international trade and investment, among other fields
of cooperation.

The 13th National Congress of the Communist Party of Viet Nam in early 2021 set important
national development goals for 2030 and a vision for Viet Nam to become a high income,
developed country by 2045. To reach these goals, the Government of Viet Nam commits to
renewing and upgrading the growth model, with an emphasis on innovation, creativity, green
transformation, sustainability, and inclusiveness. Optimizing its internal strengths, resources,
and ingenuity remains the bedrock of Viet Nam’s development strategy, but it also identifies
foreign trade, capital, technology, and know-how, which come with from cooperation and
engagement with international partners, as a key driver of growth for the economy. Thus,
the Government commits to creating a favorable environment for businesses, including
foreign companies, to operate and invest in Viet Nam, especially in the areas of advanced and
green technologies, smart agriculture, infrastructure, sustainable tourism, and human
resources development, etc.

I hope this book will offer readers insights into Viet Nam’s economic potential and convey
the message that Viet Nam, a land of opportunities, is open and ready for business.