2021-01-25, 02:38 AM
https://www.yahoo.com/news/vietnams-part...5APMjzlsq7
Vietnam's political elite is gathering to choose the country's leadership for the next five years amid a largely successful battle against Covid-19 and a booming economy.
In most other countries, we'd look at something along the lines of a general election.
But Vietnam has a communist government, and leadership is done differently.
Think of the tightly choreographed political theatre one sees at China's or North Korea's party congresses, and you get the idea.
Vietnam is a lot like that, albeit slightly more low-key.
Why is Vietnam important?
The country is one of Asia's fastest growing economies and a linchpin of stability in the region. Like China, it's essentially a booming capitalist powerhouse underneath a communist cloak.
The government has successfully established ties with both China and the US, putting the country into a very good strategic position.
Economically, Vietnam has good relations with both of those superpowers - and the current trade dispute between Beijing and Washington has put it into an even better position.
Many multinationals now operate in Vietnam, including global tech giants like Apple and Samsung.
It's also the only country in South East Asia which managed to minimise the economic damage from Covid-19 and managed moderate growth during the past year.
Vietnam's political elite is gathering to choose the country's leadership for the next five years amid a largely successful battle against Covid-19 and a booming economy.
In most other countries, we'd look at something along the lines of a general election.
But Vietnam has a communist government, and leadership is done differently.
Think of the tightly choreographed political theatre one sees at China's or North Korea's party congresses, and you get the idea.
Vietnam is a lot like that, albeit slightly more low-key.
Why is Vietnam important?
The country is one of Asia's fastest growing economies and a linchpin of stability in the region. Like China, it's essentially a booming capitalist powerhouse underneath a communist cloak.
The government has successfully established ties with both China and the US, putting the country into a very good strategic position.
Economically, Vietnam has good relations with both of those superpowers - and the current trade dispute between Beijing and Washington has put it into an even better position.
Many multinationals now operate in Vietnam, including global tech giants like Apple and Samsung.
It's also the only country in South East Asia which managed to minimise the economic damage from Covid-19 and managed moderate growth during the past year.
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