The Vietnamese economy overtakes the Philippines: From economic strategies to governance and flood control - BusinessWorld Online

The Vietnamese economy overtakes the Philippines: From economic strategies to governance and flood control - BusinessWorld Online

By Cesar Polvorosa, Jr. (Second of two parts) BEYOND TRADE, structural differences in demographics and education shape both countries’ long-term trajectories. Vietnam is aging rapidly. Its median age of 33.3 in 2024 is projected to reach nearly 40 by 2040. This raises the risk of “growing old before getting rich,” a challenge like that faced by China. An aging population could slow productivity growth and strain public finances. The Philippines,…