Former Indian Deputy National Security Advisor SD Pradhan highlighted Việt Nam’s significant global role, noting a nearly 7% economic growth this year despite global challenges. He identified key policies behind this success and emphasized the need for continued reforms in security, renewable energy, and resource preservation to sustain development into 2024 and beyond.

Việt Nam has solidified its status as a pivotal player on both regional and global stages, as articulated by former Indian Deputy National Security Advisor SD Pradhan in a recent interview with the Vietnam News Agency (VNA). This year, Việt Nam has reached remarkable milestones across economic, diplomatic, and defense sectors, showcasing a growth rate of nearly 7 percent, even amidst a challenging international economic landscape. Analysts project Việt Nam’s GDP to rise to approximately USD 469 billion, with per capita income nearing USD 4,649 by year’s end.

Pradhan attributed Việt Nam’s success to several key factors: bold economic reforms, an environment conducive to business, the attraction of foreign direct investment (FDI), the relocation of production facilities, and a highly skilled workforce. Moreover, the emerging middle class is enhancing domestic consumption, thereby invigorating sectors such as retail, real estate, and services.

The commitment to combat corruption has also played a significant role in Việt Nam’s economic ascendance, with Pradhan noting the international recognition from institutions like the World Bank and the International Monetary Fund, which have deemed Việt Nam a model for economic growth.

In terms of diplomacy, Việt Nam’s “bamboo diplomacy,” championed by Party General Secretary Tô Lâm, has been instrumental. The nation has effectively established Comprehensive Strategic Partnerships with several key countries including the United States, Japan, South Korea, Australia, France, and Malaysia. These developments echo the contributions of Vietnamese leaders who adhere to the philosophy of “more friends, fewer enemies” articulated by President Hồ Chí Minh.

To sustain its development trajectory into 2024 and beyond, Pradhan emphasized the importance of continuing existing economic and diplomatic policies while enhancing security measures. He recommended a focus on renewable energy development and the establishment of trading hubs, particularly through port enhancements, alongside protective measures for the resources of the Mekong River and undersea minerals to ensure sustainable growth.

This article reflects on Việt Nam’s increasing prominence on the international stage, particularly through its advancements in economics, diplomacy, and defense. In recent years, Việt Nam has demonstrated robust economic performance despite global challenges, driven largely by extensive reforms, increased foreign investment, and a burgeoning middle class. Furthermore, the nation’s diplomatic engagements, characterized by strategic partnerships, highlight its proactive approach in integrating into the global arena. Former Indian Deputy National Security Advisor SD Pradhan’s insights provide a framework for understanding Việt Nam’s evolving role and the essential policies needed for future growth.

In conclusion, Việt Nam’s strides in economic, diplomatic, and defense sectors underscore its emerging importance on the global stage. With projected economic growth and a commitment to reform, the nation is well-positioned to further enhance its role as a key player in regional stability and international relations. As it navigates challenges and capitalizes on opportunities, continued focus on high-impact policies will be essential for Việt Nam to achieve sustainable development in the coming years.

Original Source: vietnamnews.vn

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