Russian Ambassador applauds impressive Vietnamese economic development

The nation enjoyed strong economic growth in 2022 at a time when many countries across the world found it a challenging year, the diplomat said in a recent interview on the occasion of Tet, known internationally as the lunar New Year.

Due to negative factors such as the impact of the pandemic and soaring energy prices, the global economy faced a host of challenges, he continued.

In the nation, thanks to both flexible and effective actions taken by competent agencies in a bid to restore business activities following the pandemic being brought under control, the country's GDP growth rose by 8.02%, duly surpassing the target of 6-6.5% set by the Government, with this surely being a positive sign, the Ambassador stressed.

The country’s total export-import turnover was estimated to be at around US$750 billion in 2022, up by roughly US$50 billion from the previous year, with a trade surplus of more than US$11 billion.

These figures show that the country has chosen the right path, Ambassador Bezdetko said, noting his hope that such favourable trends will continue in the year ahead.

The Ambassador also lauded impressive strides made by the nation over the past 35 years of the Doi Moi (Renewal) policy, known as Renewal in English, saying the national economy has been developing rapidly amid global challenges.

The country has maintained foreign investment inflows and integrated more intensively and extensively into the global economy, with production and technology potential intensifying, he explained.

Through these achievements, the targets of maintaining annual GDP growth at 7% and elevating per capital income to US$7,500 by 2030 are reachable, the Ambassador said.

The diplomat pointed to the optimistic prospects ahead for the nation in terms of the implementation of sustainable development goals (SDGs), despite the present global economic and political situation, particularly the food and energy crises.

With regard to the fight against corruption, the Ambassador described it as vital for Vietnam to ensure the stability and efficiency of political institutions and dynamic economic development.

He therefore assessed that the establishment of steering committees for anti-corruption in Vietnamese provinces and centrally-run cities would help the country to make further progress in the fight.

When asked about Tet, the biggest and longest festival in Vietnam which is approaching, Ambassador Bezdetko said it is a time for family gatherings, meetings between friends, visits to teachers, a chance to reflect on the previous year, and a period to make future plans, with it being associated with plenty of interesting customs and rituals.

As part of the occasion, the Ambassador noted his wish that the Vietnam-Russia relationship grow more broadly and strongly, expressing his confidence that all-around ties between the two countries will be further strengthened this year in the spirit of the bilateral comprehensive strategic partnership.