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Vietnam wants to be the next Asian tiger and it’s overhauling its economy to make it happen

Vietnam aims to diversify its economy with high-tech and private sectors while addressing climate risks and aging population to avoid the middle-income trap, World Bank warns of up to 14.5% GDP loss.

  • Communist Party Chief To Lam announced a new era of development for Vietnam, which aims to become Asia's next tiger economy by 2045.
  • Vietnam is facing challenges including an aging population, climate risks, and pressures from the U.S. regarding its trade surplus.
  • Investment is increasing in high-tech sectors while Vietnam prepares for reforms to avoid a middle-income trap.
  • Vietnam's average income has risen from $1,200 in 1990 to $16,385 today, lifting millions from poverty.
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Under red flags and a golden bust of the revolutionary leader Ho Chi Minh in the central school of the party of Hanoi, the leader of the Communist Party To Lam declared the arrival...

·Milan, Italy
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Vietnam wants to be the next Asian tiger and it’s overhauling its economy to make it happen

Vietnam is launching its biggest economic overhaul in a generation, aiming to become Asia’s next “tiger economy.”

·United States
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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, August 12, 2025.
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