Moscow (VNA) - The large-scale anti-corruption campaign in Vietnam has by no means destabilised the domestic political situation but, on the contrary, helped strengthen public trust in the Communist Party of Vietnam (CPV), according to an article on a magazine of a center for geopolitical forecasts of Russia.
In his article on the geofor.ru website on August 30, Anton Bredikhin, a senior expert at the Institute of China and Contemporary Asia (ICCA) under the Russian Academy of Sciences, provided evaluations of the campaign and the high-level personnel adjustments in Vietnam.
Through decisive actions against corruption, Vietnam's leadership has affirmed its commitment to building a capable and strong government apparatus, reinforcing the trust of the public in the CPV, and working towards a transparent and healthy economic environment, the expert said, adding that to achieve this, Vietnam places particular emphasis on training highly qualified personnel, coupled with comprehensive oversight and supervision.
In the field of economics, Bredikhin asserted that the campaign has contributed to a positively developing economy in the region.
With rapid development in its economy and relatively low labour costs compared to regional standards, Vietnam increasingly attracts foreign investment each year. In the first half of this year, Vietnam's GDP grew by 6.42%.
In its economic development strategy, in 2020, the Vietnamese Government announced a national digital transformation strategy, aiming to increase the portion of the digital economy from 14% to 20% by 2025. To achieve this goal, authorities are working to create suitable infrastructure, ensure cybersecurity, and develop legal management mechanisms and skilled personnel.
According to the article, Vietnam's technology ecosystem has experienced exponential growth, transforming the country into a dynamic hub for innovation and software development. Notably, the fintech sector in Vietnam is expanding thanks to high mobile information usage and increasing adoption of digital payments. This sector is expected to reach a value of 7.8 billion USD by 2025 and will grow at an average annual rate of over 30% from 2020 to 2025, bringing significant opportunities to investors.
In this context, on August 3, the 13th Central Committee of the CPV elected President To Lam as the General Secretary of the Party Central Committee. In his remarks about priorities, the Vietnamese Party leader emphasised that the tasks of Party building and rectification and anti-corruption efforts will be carried out with the principle of "uninterruption and no exception". This perspective is expected to make Vietnam's investment environment increasingly transparent, healthy, and predictable, benefiting international investors, including those from Russia.
Regarding the relationship between Russia and Vietnam, Bredikhin praises Vietnam's consistent policy of valuing and developing the comprehensive strategic partnership with Russia. The article also cites evaluations from several Vietnam scholars in Russia, who believe that Lam's election as the Party General Secretary will further advance the country's development as well as strengthen relations between the two countries./.
