A Retrospect of 2023 and Looking Ahead to 2024in Vietnam
In 2023,Vietnamresponded well to top-level political changes by electing a new President and two Deputy Prime Ministers;carrying out a series of vote of confidence of officials at all levels of the Party,Government and National Assembly to summarize the effectiveness of the past work and provide a basis for the next selection of officials;and setting up five working groups to start preparations for the 14th Congress of the Communist Party of Vietnam(CPV).Vietnam's economy overcame dif-ficulties such as a serious slowdown in the industrial sector,the service sector's growth rate falling short of expectations,and a double decline in imports and exports due to weak international demand,effectively maintaining macroeconomic stability and at-tracting a record-high level of foreign direct investment(FDI).Vietnam's annual economic growth rate was 5.05％,failing to reach the growth target proposed by the National Assembly and making it the third-lowest annual economic growth rate since 2011.Vietnam has stepped out of the shadow of disciplinary punishment of a number of diplomats,and built a China-Vietnam community with a shared future that carries strategic significance,and a comprehensive strategic partnership with the United States and Japan,respectively,achieving a lot of"historic achievements".In 2024,Vietnam will initiate the process of renewing the Party and the government,summing up the experience of governance and discussing future development,continue to deepen its partnership with countries all over the world and seek to play a more important role in multilateral organizations.With the ex-ports and consumption both likely to grow,Vietnam's economic growth rate is hoped to increase in 2024,but FDI inflows are likely to slow down,and Vietnam's inherent shackles such as weak infrastructure development need to be overcome
Vietnamvote of confidenceleadership selectioneconomic slowdowna China-Vietnam community with a shared future
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