After 40 years of implementing the Doi moi (Renewal) policy, Vietnam has not only transformed its domestic socio-economic landscape but also established a markedly stronger position on the global stage. For the Vietnamese community in Malaysia, Vietnam’s growing stature is a source of pride and a powerful motivation to contribute more to national development.

A remarkable transformation

Looking back at the reform and opening-up period, Vietnam has achieved what many international experts describe as an extraordinary leap.

Nguyen Thi Thanh Van, Vice Chairwoman of the Vietnam Business Association in Malaysia, noted that the most significant achievement over the past four decades has been the successful establishment of a socialist-oriented market economy. This model has ensured sustained growth while steadily improving people’s living standards. From a country once grappling with poverty, Vietnam has decisively risen to middle-income status, integrating deeply and comprehensively into the global economy. An increasingly transparent and dynamic investment and business environment, coupled with political and social stability and strengthened national defence and security, has further enhanced the country’s international standing and credibility, reinforcing confidence among investors and overseas Vietnamese alike.

Sharing this view, Luong The Huan, a senior engineer at Toyo Malaysia, stressed that Vietnam’s development is reflected not only in statistics but also in tangible improvements in quality of life. He highlighted its successful shift from a resource-based economy to one focused on high-value-added industrial products. Today, Vietnam is no longer merely a semi-processing hub but has become one of the world’s leading exporters of industrial goods, backed by a workforce increasingly capable of mastering advanced technologies and complex production processes.

In the eyes of international partners, particularly within ASEAN, Vietnam is widely regarded as a safe, stable and highly promising investment destination. During the implementation of the 13th National Party Congress Resolution, the country has been seen as an indispensable link in regional supply chains, attracting robust foreign direct investment, especially in manufacturing, logistics, technology and the digital economy. At the same time, Vietnam’s proactive and responsible role in regional and multilateral cooperation has further elevated its national profile. High-level diplomatic engagements with leaders of major powers in recent years stand as clear evidence of the country’s growing reputation.

Expectations for 14th National Party Congress

As the 14th National Party Congress is taking place, Vietnamese people in Malaysia place high expectations on strategic decisions that will guide the nation into a new phase of development. Van expressed hope that institutional reforms and innovation will be further advanced, and that policies to mobilise overseas Vietnamese resources, particularly knowledge, capital and international management experience, will be implemented more substantively.

From a technical perspective, Huan highlighted the importance of national digital transformation, viewing tools such as the VNeID digital identification system as key to improving governance efficiency and managing national assets more effectively. He believed Vietnam is entering a “golden period” of acceleration between 2025 and 2030, building on the foundations laid in the previous years.

Both expressed firm confidence that, under the leadership of the Communist Party of Vietnam and with the unity of people at home and abroad, the country will seize new opportunities, achieve rapid and sustainable development, and continue to improve the quality of life for its people in the years ahead.

14th National Party Congress to give fresh boost to Vietnam’s development

Chinese Ambassador to Vietnam He Wei has lauded Vietnam’s outstanding socio-economic achievements during the tenure of the 13th National Party Congress and voiced his belief that the success of the 14th Congress will herald a new development phase, creating a strong impetus for the country’s development in the future.