Vietnamese Entrepreneurs and Intellectuals in Malaysia: Observing Vietnam’s Rise
Vietnamese entrepreneurs and intellectuals residing in Malaysia have recently voiced their perspectives on the remarkable growth of Vietnam as the nation embarks on a new developmental era. These individuals express strong confidence in the promises that lie ahead, particularly as the country embraces the guidelines set forth by the 14th National Party Congress.
A Transformative Journey
The last four decades have witnessed Vietnam undergo profound changes through its Doi Moi (Renewal) policy. This reform not only revolutionized the domestic socio-economic landscape but also positioned Vietnam as a significant player on the global stage. For the Vietnamese community in Malaysia, this ascent is more than just a matter of pride; it serves as a powerful incentive to contribute to their homeland’s ongoing development.
Economic Achievements
Nguyen Thi Thanh Van, Vice Chairwoman of the Vietnam Business Association in Malaysia, emphasizes that the cornerstone of Vietnam’s success has been the establishment of a socialist-oriented market economy. This model has facilitated sustained growth and improving living standards, effectively transforming Vietnam from a nation plagued by poverty into a middle-income economy that is deeply integrated into the global market.
Under this model, Vietnam has cultivated an inviting business environment characterized by transparency and dynamism, coupled with political stability and robust national defense. These factors have bolstered investor confidence, not only domestically but also among the diaspora.
Quality of Life Improvements
Luong The Huan, a senior engineer at Toyo Malaysia, expands upon Nguyen’s observations, asserting that Vietnam’s progress is evident in the tangible enhancements in the quality of life for its citizens. He notes a significant transition from a resource-dependent economy to one that prioritizes high-value-added industrial goods. Today, Vietnam stands as one of the world’s leading exporters, thanks to a workforce adept in advanced technologies and complex production processes.
This transition has not gone unnoticed by international partners. Many view Vietnam as a stable and attractive investment destination within ASEAN. The government’s commitment to becoming a vital link in regional supply chains has led to an influx of foreign direct investment, especially in key sectors like manufacturing, logistics, technology, and the digital economy.
Aspirations for Future Growth
As the 14th National Party Congress unfolds, the expectations of the Vietnamese community in Malaysia are palpable. They seek strategic decisions that will chart the course for the nation’s next chapter. Van expresses a desire for enhanced institutional reforms and innovative policies aimed at mobilizing resources from overseas Vietnamese—particularly in knowledge, capital, and international management expertise.
Digital Transformation
Huan highlights the role of national digital transformation as a priority for future progress. He points to initiatives like the VNeID digital identification system, which are crucial for improving governance and managing national assets more effectively. Huan believes that Vietnam is poised to enter a “golden period” of acceleration from 2025 to 2030, building on the solid foundations laid in previous years.
Confidence in Leadership
Both entrepreneurs share unwavering confidence in the Communist Party of Vietnam’s leadership and the unity of the Vietnamese people, both at home and abroad. They believe that, with determined efforts, the country is set to seize new opportunities for rapid and sustainable growth, ultimately enhancing the quality of life for its citizens in the years to come.
In this vibrant landscape of progress and ambition, Vietnamese entrepreneurs and intellectuals in Malaysia continue to play an essential role in bridging connections and fostering positive developments that benefit both countries.