German Newspaper Praises Vietnam’s Effective Policies for a Vibrant Economy | Company

Berlin (VNA) – that of Germany Die Welt newspaper published an article praising the policies that Vietnam has applied over the years, describing them as the reason why this Southeast Asian country is a dynamic and attractive destination for foreign investors.

According to the article, Vietnam is a prime example of what embracing private property and reforming the market economy can accomplish. In fact, Vietnam has eliminated extreme poverty, he noted.

He pointed out that Vietnam is now one of the most dynamic countries in the world with many opportunities for businesses and workers.

The country’s gross domestic product (GDP) has been multiplied by six since the beginning of its reform. From a country that was previously unable to produce enough rice for its population, Vietnam is now one of the largest rice exporters in the world and one of the largest exporters of electronics, the article notes. .

He said the Sixth National Congress of the Communist Party of Vietnam in December 1986 approved a new direction that laid the foundation for all positive changes in Vietnam since then.

Essentially, the reforms decided at the Sixth Congress and developed over the following years were the promotion of market development in which the public, cooperative and private sectors coexist in equal parts. In 1987, the Investment Law was passed, giving a clear signal that Vietnam wants to open the door to foreign investors, allowing 100% foreign capital investment and Vietnam also ensures the safety of capital and assets. foreign investors in Vietnamstated the article./.