Vietnam looks to be "success story": US Professor

Vietnam has successfully overcome the recent global financial crisis thanks to developing an open economy, strengthening investment attraction, and stepping up exports, said Harvard University Professor Joseph Nye.

He was speaking at a January 12 meeting with Prime Minister Nguyen Tan Dung, who received him in Hanoi for a working visit.  

Prime Minister Nguyen Tan Dung (L) receives visiting US Harvard University Professor Joseph Nye in Hanoi on January 12 (Photo: VTC)

The PM welcomed the US professor’s visit and said Vietnam-US cooperation has developed strongly in various fields, especially economics, trade, investment, education, training, and technology.

Throughout its development, Vietnam has consistently expanded its market economy and boosted international economic integration, PM Dung said.

He hoped Prof. Nye, who is former Assistant US Secretary of Defense and considered the father of “soft power” theory, would contribute to boosting cooperation between the two countries.

Vietnam’s diplomatic policy is based on the principles of independence, self-reliance, peace, friendship, and cooperation with other countries for mutual benefit, the PM said.

The US professor said the Vietnamese economy and others in the world are now showing signs of growth. He predicted that the Vietnamese economy would grow strongly in the context of globalization and integration in the future.

Thirty years ago, Singapore and South Korea had a lower income per capita than Vietnam, but they now rank among the world’s leading economies, said Prof. Nye, adding that he believed “Vietnam would become a similar success story in the future.”

The professor will deliver a speech at a ceremony today in Hanoi to honor 500  leading Vietnamese entrepreneurs. 

Source: SGGP, VTC – Translated by Truc Thinh

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