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.
27 Articles
27 Articles
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...
Vietnam wants to be the next Asian tiger and it’s overhauling its
HANOI: Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi’s central party school, Communist Party chief To Lam declared the arrival of “a new era of development” late last year. The speech was more than symbolic— it signaled the launch of what could be Vietnam’s most ambitious economic overhaul in decades. Vietnam aims to get rich by 2045 and
Vietnam’s High-Tech Push to Become Asia’s Next Tiger by 2045
Vietnam’s Ambitious Leap Toward Tiger Status Vietnam is positioning itself as Asia’s next economic powerhouse, drawing parallels to the rapid ascents of South Korea and Taiwan decades ago. With a goal to achieve high-income status by 2045, the country is betting big on technology sectors to fuel this transformation. Recent reports highlight how Vietnam is emulating China’s model by prioritizing high-tech industries such as semiconductors, artifi…
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