Vietnam's national position as we enter the new year 2025

EDITOR'S NOTE:

Tet is the time to return to your roots and enjoy the warmth of family reunion.

Tet is also a special time to look back on the past, to start a new year with faith and hope for the best things.

Welcome the Year of the Snake, VietNamNet shares stories about Tet, about the nation's position, about the new era, the era of national growth.

Results 2024

According to statistics, in the context of the world still having many instabilities, difficulties outweighing advantages, our country's economy in 2024 still grows positively with many bright spots. Overall, the total social investment capital in 2024 increased by 7.5%; foreign direct investment reached 25.35 billion USD - the highest level ever.

The number of employed workers in 2024 is estimated at 51.9 million people - an increase of 585,100 people compared to 2023. The average income of workers is 7.7 million VND/month, an increase of 610,000 VND compared to 2023. The GDP growth rate is 7.09%, of which the agriculture, forestry and fishery sector increases by 3.27%; the industry and construction sector increases by 8.24%; the service sector increases by 7.38%.

Vietnam is forecast to grow strongly in 2025. Photo: Hoang Ha

Regarding international trade, the total export and import turnover of goods in 2024 reached 786.29 billion USD - an increase of 15.4% over the previous year. Of which, exports increased by 14.3%; imports increased by 16.7%. 2024 is the 9th consecutive year that our country has had a trade surplus of 24.77 billion USD. Inflation is controlled at an appropriate level, actively supporting economic growth. The average consumer price index (CPI) in 2024 compared to the previous year increased by 3.63% - exceeding the target set by the National Assembly of 4% - 4.5%.

The year 2024 also witnessed the multilateral foreign policy that has been consistently implemented throughout the Doi Moi period, bringing us very encouraging results. To date, Vietnam has established diplomatic relations with 194 countries and territories; built friendly partnerships with international organizations, strategic cooperation, and comprehensive strategic partnerships with all major powers in the world. In the whole year of 2024, Vietnam became the destination of nearly 17.6 million international tourists - an increase of 39.5% over the previous year.

In general, the quality of our country's economic growth in 2024 will be improved with GDP per capita at current prices estimated at 114 million VND/person, equivalent to 4,700 USD, an increase of 377 USD compared to 2023. Labor productivity of the whole economy is estimated at 221.9 million VND/worker (equivalent to 9,182 USD/worker, an increase of 726 USD compared to 2023). Social security work is timely and practically implemented from the central to local levels. The poverty rate according to the current multidimensional poverty standard is only about 1.9%.

National status

In the article on the occasion of the New Year 2025 "Innovation, creativity, acceleration, breakthrough, bringing the country into the era of national development, prosperity, civilization and prosperity", Prime Minister Pham Minh Chinh affirmed that the positive results in 2024 will help Vietnam continue to become a bright spot in growth and be among the countries with high growth in the region and the world.

So, where is Vietnam on the global scale? Normally, we perceive the rank of a country on a regional or global scale through rankings based on criteria such as: area, population, economic size, military strength, financial capacity, cultural attractiveness, geographical and geopolitical location, level of economic freedom, level of modernity in national governance structure, as well as civilization and progress in social organization.

Although the position on international rankings cannot fully reflect, it helps us feel the position of a country, that is, national status - a political-sociological concept created by the synthesis of many factors, including quantitative parameters (objective) as well as the level of recognition by the international community (subjective). The overall perception of national status helps us visualize where a country is in regional or global structures, suggesting the level of power as well as the prestige and influence of each country towards other countries and international organizations.

In 2024, Vietnam's position has improved significantly in many international rankings. For example, in terms of the sustainable development index (SDGs), Vietnam is ranked 54/166, up 1 place compared to 2023; the economic freedom index increased 13 places, to 59/176; The global innovation index ranked 44/132 countries and territories, up 2 places compared to 2023. The national brand value of our country reached 507 billion USD, ranked 32/193, up 1 place compared to 2023. On the Asian Power Index rankings in 2024, Vietnam ranked 12th, up 1.2 points compared to 2023. Particularly impressive was the increase in Vietnam's happiness index in 2024, up 11 places, ranked 54/143.

It can be seen that Vietnam's progress on the 2024 rankings not only reflects the size and value of the economy, economic relations, capacity to solve social problems, attractiveness of foreign investment and international tourists, and diplomatic influence, but also suggests positive signals, showing the improvement of our country's position and role on the international stage.

Vietnam will continue to strive to overcome difficulties and reach new heights not only in 2025 but also in the process of realizing development goals to completely change the country's position by the middle of the 21st century. Photo: Hoang Ha

Determined to break through

The positive results in 2024 show that Vietnam is making steady progress, creating the foundation and confidence to strive to become a developing country with modern industry and high middle income by 2030; and by 2045, Vietnam will become a developed country with high income.

However, in addition to positive results, our country's development process is also facing challenges, both in the short and long term. The head of the Government has expressed his determination to make a breakthrough, demonstrated by the goal for 2025: striving to achieve a growth rate of at least 8% or higher under favorable conditions. If successful, 2025 will create a solid foundation for Vietnam to achieve double-digit growth from 2026.

On the macro level, according to Prime Minister Pham Minh Chinh, in order to make a breakthrough, we will have to continue to address issues such as “macroeconomic stability still has potential risks, pressure on management on exchange rates, interest rates, and inflation is still high, especially in the face of adverse external impacts. The production and business situation in some areas is still difficult; market purchasing power is recovering slowly and unclearly. The implementation of some infrastructure projects is still stuck; disbursement of public investment capital has not met requirements”… “The development gap between regions, areas, and social classes has not improved much; the lives of a segment of the population are still difficult”.

Institutional issues have been identified as “bottlenecks of bottlenecks” that need to be further addressed to unlock all resources for development.

The quality of human resources is also one of the key issues that can decisively affect the ability to achieve national development goals.

The Party and State leaders have a clear view of the current socio-economic situation of our country, future goals and determination to make breakthroughs in development. With the spirit of the common good and the motto "The Party directs, the Government is unified, the National Assembly agrees, the People support, the Fatherland expects, then only discuss and do, not retreat", we believe that Vietnam will continue to make efforts to overcome difficulties, step up to new levels not only in 2025 but also in the process of realizing development goals to completely change the country's position in the middle of the 21st century.

Vietnamnet.vn

Source: https://vietnamnet.vn/vi-the-quoc-gia-cua-viet-nam-khi-buoc-sang-nam-moi-2025-2365038.html