Vietnam marks 40 years of Doi Moi and 81 years of independence

Vietnam is marking the 81st anniversary of its National Day and the 40th anniversary of the Doi Moi (Renewal) reforms. Since 1986, the nation has transitioned from a war-torn, impoverished country to a dynamic, upper-middle-income economy with a GDP exceeding $500 billion.

International observers and media have noted Vietnam's significant economic transformation. The country has become a vital link in global production chains, boasting high trade openness with 17 free trade agreements and a significant trade surplus with the United States. Economic growth has remained robust, with GDP expansion rates reaching over 8% in recent projections.

Looking forward, leadership emphasizes the need to transition to a new development model. This strategy focuses on moving away from traditional growth drivers toward science, technology, digital transformation, and innovation. The goal is to foster a self-reliant, prosperous economy driven by high-quality human resources and sustainable productivity.