Vietnam’s Economy: Overview and Assessments of Prospects

Tóm tắt

Since 2007, Vietnam has gained considerable achievements with regard to economic development such as the attraction of Foreign Direct Investment (FDI) or international trade growth at a high level. However, the achievements still contain many uncertainties, entailing the decline in economic growth. The period of 2018-2019 witnessed the “abnormal” positive growth of Vietnam’s economy while the regional and global economies were experiencing adverse impacts from the “US-China trade war” (begun with the “battlefield” of trade and now spreading to other “battlefields” such as technology and finance) as well as geopolitical turmoil in numerous hot spots. This positive growth is not something random but the result of a strong restructuring process that Vietnam had made efforts to implement in the previous stage. In the context that the world is currently going through many changes, it is a “strong dose of reagent” for the country’s goal of becoming an upper-middle-income country by 2035.