1. Resources gathered to drive Vietnam forward into era of rise
 The 10th Plenum of the 13th Party Central Committee determined that Vietnam era of national rise will begin from the 14th National Party Congress. |
The achievements of 40 years of national renewal under the leadership of the Communist Party of Vietnam have provided the foundation for Vietnam to achieve breakthroughs in the next phase of development. Party General Secretary To Lam emphasized that this is the moment to "converge" all advantages and strengths to usher Vietnam into a new era of rise, following the eras of independence, freedom, socialism building, and renewal.
At the 10th plenum of the 13th Party Central Committee, it was determined that Vietnam’s era of rise will officially commence with the 14th National Party Congress. To realize this vision, the Party and the people need to focus on institutional reform, streamlining the apparatus, and enhancing human resource quality. Efforts should be made to ensure strict yet development-oriented management, promote a strong sense of national spirit, self-reliance, confidence, and resilience, and combine national strength and the strength of the times.
2. Party General Secretary Nguyen Phu Trong passes away
 On July 19, 2024, General Secretary Nguyen Phu Trong passed away. |
On July 19, 2024, Party General Secretary Nguyen Phu Trong passed away after a period of serious illness, leaving profound grief in the Party and among the people of Vietnam and international friends. A eulogy at the memorial service said: "Running through Comrade Nguyen Phu Trong’s thought is the people, the wholehearted and all-out service to the people, the development of the new socialist citizenry, and the unceasing consolidation of solidarity and unity, firstly within the Party, great national unity, and pure international solidarity."
General Secretary Trong’s life and career demonstrated the steadfast commitment of a staunch communist. He led a life defined by simplicity, integrity, impartiality, and selflessness, serving as an inspiring role model in studying and following President Ho Chi Minh’s thought, morality, and style. The enduring values he left behind—a strong political system and unwavering faith in the power of national solidarity—will forever be an invaluable legacy for the Vietnamese Party, State, and people.
3. Apparatus overhaul marks a turning point in national governance
 General Secretary To Lam pointed out that streamlining the apparatus is a particularly important task, a revolution, and must be carried out with the highest determination. |
Vietnam has made significant progress over the past seven years of implementing the 12th Party Central Committee’s Resolution 18 on reforming and reorganizing the political system. However, the system remains cumbersome, and its effectiveness and efficiency have yet to meet expectations. At a Party Central Committee meeting on November 25, General Secretary To Lam urged Party committees, organizations, and agencies at all levels, particularly leaders and heads, to lead by example, act proactively, and demonstrate determination in fulfilling their assigned tasks. He emphasized the need for simultaneous action, stating that "the central level should not wait for the provincial level, the provincial level should not wait for the district level, and the district level should not wait for the grassroots level." The plan for reorganizing the apparatus must be submitted to the Party Central Committee in the first quarter of 2025. The reorganization and streamlining of the apparatus is a revolution that requires the courage and sacrifices from cadres and State employees and should be conducted objectively and scientifically as Vietnam prepares to enter a new era of development.
4. Vietnam's economy grows steadily, GDP reaches 7%
 Vietnam's economy will maintain a positive recovery momentum in 2024 |
Vietnam's economy continued to recover in 2024. GDP growth was estimated at over 7%, with inflation kept at below 4%, achieving the set target. Import-export turnover reached a record high of 800 billion USD, with a trade surplus of nearly 23 billion USD, the highest ever. Foreign direct investment (FDI) inflows into Vietnam exceeded 31 billion USD, placing Vietnam among the top 15 developing nations attracting the most FDI globally. Amid a fluctuating global economic landscape, this achievement not only lays a solid foundation for development next year but also highlights the dynamic growth trajectory of the Vietnamese economy.
5. Key leadership positions filled, no off-limits zone in handling cadres’ violations
 Party building and rectification and the fight against corruption and negativity will continue to be the focal tasks in 2024. |
In 2024, Vietnam filled key leadership positions with a broad consensus to enhance governance and ensure stable national development. The Party Central Committee elected Politburo member and President To Lam as Party General Secretary with unanimous support. The National Assembly elected Tran Thanh Man as its Chairman and Luong Cuong as State President.
Priority continued to be given to Party building and rectification, as well as the fight against corruption and negativity. Several high-ranking officials faced disciplinary actions or criminal charges, reinforcing the principle of "no off-limits zones, no exceptions" and underlining the commitment to a transparent and strong political system.
6. Typhoon Yagi causes serious consequences in the North
 Storm No. 3 or Super typhoon Yagi caused particularly serious consequences in the north. |
Typhoon Yagi, accompanied by strong winds of nearly 200kph, devastated northern Vietnam in September. The typhoon, the most powerful in the East Sea in 30 years, and its subsequent flash floods and landslides killed 323 people and left 22 missing and nearly 2,000 injured. Economic loss was estimated at more than 3.2 billion USD. The government took proactive actions early to address the typhoon’s aftermath, restore infrastructure, and stabilize people’s lives.
In times of natural disasters, the Vietnamese people’s tradition of mutual assistance was upheld. Charitable activities spread nationwide to help disaster-stricken communities recover.
7. Breakthroughs made in strategic transportation and energy infrastructure projects
 In 2024, strategic transport and energy projects created momentum for economic development. |
Strategic projects in transportation and energy have been driving economic development, ensuring sustainable energy, and affirming a strategic vision for Vietnam’s sustainable growth. To date, more than 2,000 km of expressways have been put into service. Vietnam aims to have 3,000 km of expressways by 2025. The 500kV Quang Trach-Pho Noi transmission line project was inaugurated in 2024.
The National Assembly passed a resolution on the investment policy for the North-South high-speed railway project, aiming for completion by 2035. The legislature also decided to restart the Ninh Thuan nuclear power project to ensure energy security and achieve net-zero emissions by 2050. For the first phase of the Long Thanh international airport project, the National Assembly agreed to build two runways and a passenger terminal with a capacity of 25 million passengers and 1.2 million tonnes of cargo annually.
8. Legislative thinking renewed, breakthrough decisions made
 The 15th National Assembly adopted a series of policies to innovate legislative thinking and handle important national issues. |
The National Assembly aggressively renewed its lawmaking mindset. With two regular sessions and two extraordinary sessions in 2024, the legislature decided on numerous important issues including those related to legislation and supreme oversight. Lawmakers passed a total of 18 laws and 21 resolutions and allowed the Land Law, Housing Law, and Real Estate Business Law to take effect five months earlier than scheduled, from August 1, 2024. Important amendments to the Investment Law, Public Investment Law, and Planning Law were passed to resolve institutional bottlenecks, promote decentralization, and unleash production potential.
9. Nationwide effort promoted to eliminate makeshift and dilapidated housing
 On October 5, 2024, the Government and the Vietnam Fatherland Front organized a program to call for support for eliminating temporary and dilapidated houses nationwide. |
On October 5, the Government and the Vietnam Fatherland Front jointly launched a nationwide campaign to support the elimination of makeshift and dilapidated houses. Prime Minister Pham Minh Chinh called on organizations and people from all social strata to take part in the campaign, aiming to eliminate 153,000 makeshift and dilapidated houses across the country by December 31, 2025.
The Prime Minister urged ministries, sectors, and local governments to provide housing support for people with meritorious service to the revolution, the poor, and near-poor households.
10. Real estate and gold markets see significant fluctuations
 2024 is a year of great fluctuations for the real estate and gold markets in Vietnam. |
Vietnam's real estate and gold markets witnessed sharp and unpredictable price surges in 2024. Housing prices soared beyond the affordability of most people, destabilizing the market and complicating efforts to maintain control. Similarly, the gold market saw significant volatility, with prices exceeding pre-COVID-19 averages. These fluctuations call for stronger policies to curb speculation, promote long-term investment, and ensure the development of the markets align with the interests of both the people and the economy.