Overseas Vietnamese: A Vital Resource for National Development

Overseas Vietnamese (OVs) are increasingly recognized as an indispensable resource for national development. They represent a vital source of capital, knowledge, science and technology, management expertise, international networks, and influence in their host countries. As beneficiaries of state support and protection policies, OVs also play an active role in Vietnam's foreign affairs. They serve as a crucial link connecting international resources with the development needs of the country and its various localities. In Vietnam's one-party system, economic growth and the enhancement of the nation's international standing are constant priorities. The utilization of OVs is seen as part of the national strategy to achieve these goals. Particularly in the context of potential economic sanctions or international isolation, the international networks held by OVs can contribute to the diversification and risk mitigation of Vietnam's economy. Furthermore, Vietnam faces a complex relationship with China, marked by economic interdependence and geopolitical tensions. OVs can play a diplomatic role by leveraging their cultural affinity and linguistic skills to strengthen ties with countries other than China. This is significant for Vietnam in bolstering its position in the international community and broadening its diplomatic options. Moreover, the Vietnamese government is striving to enhance the nation's overall cohesion and international influence through the strengthening of people-to-people diplomacy. OVs are natural and effective agents in promoting this form of diplomacy. Thus, OVs are not merely compatriots living abroad but are increasingly valued as a strategic resource driving Vietnam's diplomacy, economy, and local development.