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As Vietnam gears up for its 14th National Party Congress, the nation’s trajectory of growth and development is drawing significant international attention. Experts globally are weighing in on Vietnam’s impressive progress and its strategic future, with a particularly insightful perspective coming from China.
Liu Ying, a distinguished research fellow at the Chongyang Institute for Financial Studies under Renmin University of China, has lauded Vietnam’s ambitious growth targets. Her commendation underscores the recognition of Vietnam’s economic dynamism on the international stage.
However, praise often comes with constructive advice. Liu Ying further emphasized the critical need for Vietnam to refine its mechanisms for mobilizing infrastructure capital. Her recommendations are twofold and strategic:
- Expand Public–Private Partnership (PPP) Models: Enhancing and broadening the scope of PPP initiatives can unlock substantial private investment, crucial for large-scale infrastructure projects.
- Establish a National-Level Special Infrastructure Fund: Such a fund would be instrumental in attracting crucial long-term capital and sovereign wealth funds, providing a stable and robust financial backbone for future development.
These recommendations resonate with a broader sentiment that Vietnam is not just growing, but is entering a new and mature stage of development. The upcoming 14th National Party Congress is widely seen as a pivotal moment, marking a period of even greater determination for breakthrough development.
Indeed, this pivotal Congress is anticipated to usher in a new era, significantly expanding Vietnam’s global role, a view echoed by Australian scholars and international observers alike. Vietnam’s commitment to strategic economic policies and robust infrastructure development solidifies its position as a rising star in the global economy.
Source: Original Article
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