Vietnam stands firm on economic recovery: WB
The World Bank recommended that the government remain vigilant about inflation risks associated with food and basic prices.
The World Bank recommended that the government remain vigilant about inflation risks associated with food and basic prices.
In long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045.
Better law-making would help Vietnam better adapt to changes in the region and the world.
Vietnam will finalize its legal framework to build an independent and self-reliant economy, with high resilience against external shocks in global integration, Prime Minister Pham Minh Chinh has said.
With the right mix of policies and strategies, Vietnam can leverage its decarbonization efforts to advance development objectives so that achieving net zero emissions does not reduce GDP growth.
Vietnam’s prudent policies resulted in a prolonged period of high growth, price stability, and low public debt-to-GDP ratios.
Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045.
The disbursement of approved FDI projects increased by 8.7% year-on-year in March, the fourth month of increase as post-Covid-19 lockdown constraints ease.
In the medium term, Vietnam’s vision to become an upper-middle-income economy will depend on its ability to evolve from its current growth model to productivity and innovation-led growth model.
Upcoming monetary-fiscal support programs may put Vietnam in the position to become a high-income country in the 2045-2050 period.