Vietnam Faces Data Accessibility Challenges Amidst Growth Push

Experts have pointed out that Vietnam's Mekong Delta region, while not lacking data, struggles with the accessibility and effective utilization of valuable information collected by government agencies, universities, businesses, projects, and communities. This data is often scattered across different locations and formats, making it difficult to access, compare, and use efficiently. Resolution 20 of the 14th Party Central Committee sets ambitious targets for Vietnam to become a strong maritime nation by 2030, aiming to reduce logistics costs to below 12% of GDP and develop five to six modern logistics centers of international standards. Meeting these goals requires a comprehensive approach that goes beyond merely lowering transport costs. Vietnam needs to restructure its logistics network, strengthen multimodal connectivity, digitalize its supply chains, and enhance the utilization of its seaports. The ultimate aim is to transform its inherent maritime advantages into a powerful engine for economic growth. Prime Minister Le Minh Hung has emphasized the critical need for continuous improvements to Vietnam’s legal framework. He believes that removing institutional bottlenecks, unlocking dormant resources, and establishing more robust foundations are essential for sustainable socio-economic development. This focus on legal reform underscores the government's commitment to facilitating growth within the existing political structure. In parallel, Vietnam is placing a greater emphasis on promoting its cultural soft power and leveraging the resources of its overseas Vietnamese community. Overseas Vietnamese artists are increasingly recognized for their vital role in bridging Vietnamese cultural identity with international audiences, highlighting a strategic move in cultural diplomacy. Concerning bilateral relations, National Assembly President Tran Thanh Man has advocated for enhanced exchanges and practical cooperation between the Vietnamese legislative body and the National People’s Congress of China. He specifically called for deeper collaboration between their specialized committees to strengthen legislative ties and contribute positively to overall bilateral relations. This indicates Vietnam's strategic approach to managing its relationship with China, balancing economic imperatives with diplomatic engagement. The state visit of Thai King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua and Queen Suthida Bajrasudhabimalalakshana further highlights Vietnam's active diplomacy. During their visit, Prime Minister Le Minh Hung noted the ample room for mutual support and development between Vietnam and Thailand, citing the complementary strengths of their economies. This underscores Vietnam's strategy of fostering regional economic partnerships. Additionally, the Vietnamese Ambassador to Argentina, Ngo Minh Nguyet, has pointed to the potential for expanded bilateral trade as Vietnam and the Southern Common Market (Mercosur) negotiate a Preferential Trade Agreement (PTA). Argentina's application to join the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) also signals evolving trade dynamics in the region. On the cultural front, the Ministry of Culture, Sports and Tourism launched an online contest promoting Vietnamese culture, and an exhibition featuring traditional lanterns and toys was held in Hanoi as part of the Full Moon Festival. Vietnam's craft villages, rich in traditional materials and skills, face the challenge of adapting these assets for modern life, requiring innovation in design and closer links between artisans, businesses, and markets. Financial cooperation is also emerging as a key pillar of the Vietnam–UK Comprehensive Strategic Partnership, with Vietnam accelerating efforts to develop an International Financial Centre. Internationally, the 91st L’Humanité Festival in France provided a platform for discussions on peace, social justice, and environmental issues, while General Secretary To Lam's recent visit to France generated fresh momentum for the Vietnam–France Comprehensive Strategic Partnership. In Dien Bien province, ethnic minority women are achieving greater economic independence through livelihood support policies and a willingness to embrace change, demonstrating grassroots development successes. September 15 holds significance as the traditional day of the Vietnam News Agency, established in 1945 and named by President Ho Chi Minh, which first announced the Declaration of Independence to the world. Information Source: VietnamPlus English