Vietnam at a crossroads: avoiding the middle-income trap while addressing climate challenges

Maxime Terrieux

Working Paper from Agence française de développement

Abstract: Following three decades of strong growth (7% on average) which enabled the country to eradicate extreme poverty and reach middle-income status, Vietnam continues to offer highly attractive prospects. Socio-political stability, a cautious policy mix, continually high economic growth, and the size of the domestic market of 100 million inhabitants are all major assets. Vietnam also benefits from a limited public debt ratio. Finally, the economy will continue to build on its strong integration into international trade, where recent upheavals (reconfiguration of value chains related to the Covid-19 crisis and the US-China trade war) have largely benefited Vietnam.

Keywords: Vietnam (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
Pages: 20
Date: 2024-01-10
New Economics Papers: this item is included in nep-knm, nep-sea and nep-tra
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Published in Macrodev

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Persistent link: https://EconPapers.repec.org/RePEc:avg:wpaper:en16154

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