Vietnam's 40-Year Journey Lifts Millions From Poverty

Vietnam's economic transformation over the past 40 years stands as one of the most remarkable poverty-reduction success stories in modern history. What was once among the world's poorest nations now boasts a thriving economy that has lifted millions into the middle class.

The country's Doi Moi reforms, launched in the 1980s, opened Vietnam to global markets and foreign investment. Today, over 70% of European companies express confidence in Vietnam's economic future, drawn by transparent rules and streamlined business procedures that create stable jobs for Vietnamese workers.

France has emerged as a key partner in Vietnam's next chapter, focusing on sustainable growth that protects the planet while boosting prosperity. The two nations are collaborating on renewable energy projects that will reduce carbon emissions while modernizing Vietnam's power grid and creating green jobs.

Modern rail systems and urban transit networks are connecting Vietnamese cities like never before. These infrastructure projects aren't just about moving people faster, they're linking rural communities to economic opportunities and helping Vietnam integrate more deeply with regional trade networks across Southeast Asia.

Vietnam is also stepping up on the world stage in meaningful ways. The country now participates in United Nations peacekeeping operations and hosts international treaty negotiations, demonstrating leadership that extends beyond its borders.

The Ripple Effect

Vietnam's progress creates waves far beyond its borders. As the country embraces clean energy through the Just Energy Transition Partnership, it's proving that developing nations can grow their economies while fighting climate change, offering a model for other countries navigating the same challenges.

The partnership between France and Vietnam spans technical training, cultural exchange, and educational cooperation that benefits students and workers in both countries. French expertise in urban planning and renewable energy technology transfers to Vietnamese engineers and city planners, building local capacity for the long term.

Business reforms are making life easier for both international companies and Vietnamese entrepreneurs. Simpler permit processes, clearer tax rules, and reduced red tape mean more energy goes into building businesses and creating jobs rather than navigating bureaucracy.

Vietnam's journey from poverty to prosperity took decades of hard work and smart policy choices. With partners like France supporting climate action and sustainable development, the country is building a future where economic growth and environmental protection go hand in hand.