Jan 27, 2016, 10:13 AM
News Code: 81937464
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Vietnam kicks off 12th National Party Congress

Tehran, Jan 27, IRNA - The 12th National Congress of the Vietnamese Communist Party kicked off with a preparatory section in Hanoi on January 20 and is being officially held from January 21-28.

The event is expected by the country’s people to mark a new stage of development after three decades of fast economic growth, and in face of opportunities created by its integration with the international community.

As the most important socio–political event in every five years in Vietnam, the National Congress hosts some 1,500 delegates representing for more than 4.5 million party members nationwide.

The agenda of the 12th National Congress is expected to focus on various issues such as building a strong and transparent Party, promoting the strength of the whole nation, accelerating comprehensive reform, protecting the nation’s territorial sovereignty and maintaining a peaceful and stable environment, striving to soon fundamentally transform Vietnam into a modern industrialized country.

The Congress will also tasked to review significant achievements of 30 years of Doi-moi (Innovation) Program initiated in the 6th Party congress in 1986, decide on the orientations and objectives of the 2016-2020 period, and also elect the Party Leadership, which in turn will select most important posts in Vietnam’s political system for the 2016-2020 tenure.

After 30 years of reform, due to the strong reform efforts and international economic integration, Vietnam has recorded significant socio-economic development achievements. Most notably among those are the annual average GDP growth of 7% in 30 continuous years, a nearly five-time increase in GDP per capita from $471 in 2003 to $2,300 in 2015 and an economic size of US$ 204 billion, which helped bring Vietnam from one of the world’s poorest to the ranks of middle-income countries in 2010.

During 2011-2015, Vietnam’s growth was hampered by the global financial and public debt crises but still maintained at 5.9% on a yearly basis, making it one of the best performers in the region and in the world. The country’s GDP in 2015 was estimated to rise by 6.68%, surpassing the set target of 6.2% and showing the economy’s recovery.

The reform efforts over the last 30 years have also created a constantly improved business climate and sharply increased investment capital for the country’s development. Socially, due to Doi-moi agenda, Vietnam is now considered internationally as “a role model” in poverty alleviation, and the UN has even praised Vietnam as one of the countries with the most striking feat in poverty reduction in the implementation of Millennium Development Goals.

Thirty years of reform has witnessed Vietnam’s journey of deep international integration. From a country isolated politically and embargoed economically, Vietnam has established diplomatic relations with more than 170 nations and trade links with over 200 countries and territories. It has also participated in most of the international organizations and institutions and signed 11 free trade agreements (FTA), the latest of which was the European Union – Vietnam FTA (EVFTA) inked in late 2015. Most notably, the nation has recently concluded the negotiations with 11 partners for the Trans-Pacific Partnership (TPP), marking a new milestone in Vietnam’s rising position and role in the international arena.

In the coming 12th Party Congress tenure, with Vietnam’s participation in the EVFTA, TPP and ASEAN Community, international experts believe in the rise of the world’s 13th most populated economy to become a bright spot in regional and international economic development.

People of this South-east nation are in high hopes and trust in the Party’s sound policies in the next period to guide the nation through difficult times towards continuing and sustainable development.