Vietnam has reiterated its commitment to high economic growth following the conclusion of the National Party Congress in Hanoi where it chose its leaders for the next five years. Vietnam’s ruling Communist Party approved plans to raise growth to 6.5 to 7 percent for the 2021-2025 period as it aggressively pushes for reforms and high-tech growth. Vietnam is set to become more selective in attracting FDI as it wants to move up the value chain from a low-cost labor destination to a center for hi-tech industry keeping the environment in mind. Read More.
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