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The Rise of Vietnam: A Latin American Perspective

The article, “The Era of Vietnam’s Rise,” sheds light on the transformative impact of the August Revolution in 1945. This pivotal event marked a new chapter in Vietnamese history, where the people took charge of their destiny for the first time. In 1986, the 6th National Congress of the Communist Party of Vietnam introduced the ‘Doi Moi’ (Renewal) policy, a pivotal move that steered the country away from poverty and blockade. As a result of this policy shift, Vietnam has experienced remarkable economic growth, now ranking among the top 35 economies globally, with its GDP increasing 96-fold over four decades. One of Vietnam’s most striking achievements lies in its diplomacy and global integration efforts. The country boasts diplomatic relations with 193 nations and has signed 17 free trade agreements (FTAs) with over 60 economies. Additionally, Vietnam’s successful poverty reduction initiatives have been recognized by the United Nations. The poverty rate plummeted from 58% in 1993 to ...

The World Economy Through India’s Lens

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India has solidified its position as a promising growth leader in the world economy, propelled by new paradigms such as the vision for a “Viksit Bharat” by 2047. In recent years, India has impressed the world with its resilient economic trajectory, achieving robust post-COVID GDP growth rates. From 2021 to 2024, India’s GDP grew by 9.1%, 7.2%, and 8.2%, respectively, averaging over 8% during this period. As the fastest-growing major economy, India is influencing the global ecosystem and attracting the new economic order towards the Global South. India’s outstanding G20 Presidency has established the country as a global thought leader, connecting regions through initiatives like the India-Middle East-Europe Economic Corridor (IMEC). Landmark initiatives, including the Delhi Declaration, the Global Biofuel Alliance, green initiatives to mitigate climate change, and the consent for cryptocurrencies, have positioned India as a beacon of global growth. These initiatives will significant...