Vietnam has seen a genuine “boom” of foreign investment inflows, from neighbouring countries as well as the US and the European Union, with total commitment climbing close to US$20 billion while the country’s gross domestic product stayed at US$70 billion, reported the paper.

“El pais” reviewed Vietnam’s important development landmarks during the renewal period, particularly its achievements in poverty reduction.

While infrastructure is seen as one of the major obstacles to Vietnam’s sustainable development, it is viewed as an opportunity for Spanish businesses, the paper said.

The article came to a conclusion that Vietnam is steadily ushering in a new period of development with its ambitious target of becoming an industrialised country by 2020.