March 14, 2016
How will Vietnam grow its economy by at least 7% annually and raise the average per capita income to over US$ 7,000 from its current $2,052? In a historic collaboration by the World Bank Group and the Vietnamese government, the Vietnam 2035 report lays out a path to upper middle income. While not an easy path, it is certainly surmountable. Now that the roadmap is in place, it is now matter of execution.
The report comprises of seven chapters that deal in-depth with three development pillars and make recommendations for turning Vietnam into an upper-middle income country by 2035. The report focuses on three areas: improving productivity and private-sector competitiveness, promoting equity and social inclusion, and improving public sector effectiveness. Sustainability is a key focus, both in terms of social infrastructure (education and open society) and environmental.