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Vietnam is one of the fastest-growing economies in the world today. In 2019 its growth was only beaten out by a selection of far smaller and far more unstable national economies.
With a huge and very hardworking population not to mention a powerful ally to it’s north this could be the country to watch out for in the next 10 years.
But this success is by no means guaranteed. As with many other nations in the Southeast Asian region, it has many hurdles it needs to deal with to become a fair dinkum developed economy.
The middle-income trap, global trade hostilities, and an increasingly competitive global market for manufacturing.
Oh and if all of this wasn’t enough let’s not forget a global pandemic and ensuing economic crisis to really spice up this obstacle course on their journey to success.
All of these factors make Vietnam a fascinating country to explore and use as a case study for some very intriguing economic questions.
Foremost amongst these is a challenge to the assumption that all nations can become developed economies, so long as they embrace industry, and free trade and free markets.
What has been behind Vietnam’s Economic Growth?
What will the impacts of 2020 do to this growth?
And perhaps most importantly
How will this nation break into the Developed Nations club?
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