14th National Party Congress creates new growth momentum after 40 years of renewal

The 14th National Congress of the Communist Party of Viet Nam (CPV) is not only an occasion to review the country’s 40-year Doi moi (Renewal) process but also a critical moment to identify emerging opportunities, challenges, tasks and strategic solutions that will generate fresh momentum for Viet Nam’s rapid and sustainable development in the years ahead, said Dr. Sandra Scagliotti, Honorary Consul of Viet Nam in Italy’s Turin.

A sign in Ha Noi's downtown area welcomes the 14th National Party Congress. (Photo: VNA)
A sign in Ha Noi's downtown area welcomes the 14th National Party Congress. (Photo: VNA)

According to Dr. Scagliotti, who is also a Viet Nam studies scholar, Viet Nam recorded impressive economic achievements in 2025, with gross domestic product (GDP) expanding by 8.02% despite sluggish global recovery and low growth in many major economies. Viet Nam’s GDP per capita reached 5,026 USD, up 326 USD from 2024, placing the country in the group of upper-middle-income nations and marking the fulfilment of an important target set by the 13th National Party Congress.

Beyond GDP growth, trade and investment continued to stand out as bright spots of the economy. In 2025, Viet Nam’s total import-export turnover surpassed 930 billion USD, ranking the country among the world’s top 20 trading nations. Dr. Scagliotti noted that this figure reflects Viet Nam’s resilience and adaptability amid ongoing volatility in global trade.

Strong economic growth was driven primarily by trade and tourism, while industry, construction and agriculture also posted encouraging results despite severe impacts from natural disasters. These outcomes underscore Viet Nam’s persistent efforts to maintain macroeconomic stability, stimulate domestic demand and respond effectively to global uncertainties, she said.

Dr. Scagliotti stressed that international organisations and investors increasingly view Viet Nam as a bright spot in the global growth landscape. With the CPV’s firm, decisive leadership and long-term strategic vision, Viet Nam has emerged as a frontrunner in digital transformation and infrastructure development, while also being recognised as a reliable economic partner.

She also expressed her admiration for Viet Nam’s diplomacy, which skilfully combines consistency with flexibility. In a world that is becoming more multipolar and fragmented, this firm yet adaptive approach has helped Viet Nam consolidate its position as a model of peaceful coexistence, cooperation and sustainable development. Viet Nam’s foreign policy, grounded in effective people-to-people diplomacy and a strong commitment to multilateralism, has enabled the country to build an increasingly broad, balanced and stable network of partnerships.

Regarding Viet Nam’s goal of becoming a prosperous and powerful nation by 2045, Dr. Scagliotti emphasised that, alongside technical solutions, the CPV should continue to uphold a spirit of steadfastness without rigidity and innovation without separating from core principles and Ho Chi Minh's Thought. Such an approach will provide a solid foundation for Viet Namto confidently enter a new era of development and realise its aspiration for prosperity and happiness, she stressed.

VNA
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