Vietnam committed to more economic reforms, says party chief

(From dpa)

Vietnam will continue to implement economic reforms with the goal of becoming an industrialized nation by 2020, the country’s Communist Party chief said Thursday.

Nguyen Phu Trong

Nguyen Phu Trong

“Our country will … implement new free trade agreements, and integrate in the international community at a deeper level than in the past,” Nguyen Phu Trong said as the 12th national congress in Hanoi got under way.

The 71-year-old, pro-Chinese party chief was expected to be elected to another term during the congress, a party source said.

“We need to renew our model of economic growth, restructure our economy, strengthen industrialization and modernization, and develop into a knowledge economy,” Trong said.

The eight-day national congress, which is held every five years and is attended this year by 1,500 party delegates, will outline the next socio-economic plan and elect a new Central Committee.

The committee will in turn select the top four officials in the single-party state. Read More

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