To achieve these goals, the Government has adopted a development strategy based on an “economic team” approach centred on three key priorities - maintaining macroeconomic stability and fiscal discipline; developing infrastructure and human resources; and promoting sectors in which Thailand holds competitive advantages.
Achieving double-digit growth in the next term has been identified as an urgent priority for Vietnam to accelerate development and move closer to its goal of becoming a high-income country by 2045. However, amid global economic volatility, inflationary pressures and geopolitical uncertainties, meeting this target will require strong and coordinated efforts from the entire political system, the business community and the public.
The international media stressed that the 14th National Congress of the CPV is not only a major political event for the country but also marks the beginning of a new development period, shaping Vietnam’s vision and motivation for the decades ahead.
The private sector is expected to be a key driver, contributing to a sustained high growth rate, particularly at two-digit growth rates, and helping Vietnam achieve high-income status by 2045.
Australian Governor-General Sam Mostyn expressed her admiration for Vietnam’s remarkable transformation, particularly its strong economic growth, the most successful in the region, affirming that its people have every reason to be proud of the country’s growing global influence.
The WB also urges Vietnam to build a professional and efficient civil service with improved pay and clear accountability, supported by institutions that ensure due process, transparency, and independent oversight.
The World Bank has released a report, which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
Cambodia has set a target of becoming a high-income country by 2050, stated Cambodian Prime Minister Hun Manet while addressing the 78th session of the UN General Assembly in New York on September 22.
