"Vietnamese have nothing but brains to develop the country in the future." 

Preparing for the 13th Party Congress after 75 years of independence and 45 years of reunification, Vietnam has made many spectacular strides compared to the past.

According to experts, to participate more deeply in the global value chain, Vietnam must be able to do sophisticated steps. Meanwhile, Vietnam's GDP will also increase faster.

Institutional reforms will continue to be the major growth driver in 2020 and beyond, while a focus would be placed on removing barriers and connecting firms to establish value chains, VCCI Chairman Vu Tien Loc said.

Vietnam’s macroeconomy in 2020 is forecast to face somewhat more challenges of growth and inflation than in 2019. However, basically, the overall picture will not have many hues different from last year.

Vietnam's economy experienced good economic results in 2019, but it will be a challenge to repeat the strong growth this year.

Developing quality connective infrastructure and logistics is crucial to lower trade costs and boost Vietnam’s further integration in both global and domestic markets.

Mr. Ousmane Dione, World Bank Country Director for Vietnam, discusses the growth in Vietnam's economy in 2019 and the prospects for 2020.