Modern Diplomacy
Published 2 months ago
The 13
th National Party Congress of Vietnam concluded in February 2, and outlined the need for further reforms to make it a developing economy and a promising destination for foreign direct investment. In the year 1986, the
Doi Moi economic reforms programmes were initiated. This paved the way for further reforms in the equity markets and disinvestment of the state-owned enterprises. Before the 13th party Congress in the period between 2016-2020, the Vietnamese economy has done remarkably well. This includes economic growth of 6.2 per cent in the year 2016 under which industrial output and construction were the two sectors which showed 7.6 per cent growth. The trend continued for the next five years.