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Vietnam and the European Union have transformed three decades of cooperation into a thriving economic partnership, with bilateral trade growing over 10% each year and the EU becoming a top investor. The relationship now spans climate action, renewable energy, and sustainable development, making it the most dynamic partnership in Southeast Asia.
A Belgian economic expert is expressing strong confidence in Vietnam's economic future, signaling positive momentum for the Southeast Asian nation. The assessment comes as Vietnam implements major policy reforms and strengthens international trade partnerships.
Vietnam is rapidly climbing the global technology ladder, transforming from a low-cost labor economy into a sophisticated manufacturing powerhouse. Experts say the shift positions the country as a major player in electronics and high-value services.
Fifty years after the Vietnam War, Vietnam has transformed into one of the world's fastest-developing economies and aims to become the next Asian Tiger by 2045. Despite challenges, the country's unique blend of socialist planning and market capitalism has delivered impressive growth and positioned it as a rising economic powerhouse.