The paper said that Vietnam has become one of the most attractive destinations for international investors, particularly those from Japan, the US and the European Union (EU).

The paper said Vietnam has not only recorded great achievements during its renewal (Doi Moi) process but also maintained national stability. Vietnam, over the past 10 years, has attained an annual average economic growth rate of more than 7 percent, reaching 8.4 percent in 2005. Vietnam now has about 20,000 small-and medium-sized enterprises compared to only a few thousand in 2000. In 2005, total foreign investment in Vietnam reached nearly US$5 billion, the paper said.

Vietnam is proactively preparing to host the APEC Economic Leaders’ Meeting in Hanoi in mid-November. The country is also on the verge of joining the World Trade Organisation (WTO).

The paper attributed Vietnam’s great success to its political stability, the sound policies of the Party, State and Government of Vietnam as well as patriotism of the Vietnamese people.