Vietnam World Bank

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.

The year 2021 will be the fifth in a row that Vietnam remains in the top 10 in terms of remittance.