IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-95500-6_2.html

Vietnam: The Rise of a Future Global Economic Power in Asia

In: Future of Economy in Asia

Author

Listed:
  • Kiet Le Hoang

    (Yersin University, Faculty of Basic Sciences
    University of Social Sciences and Humanities, Vietnam National University, Faculty of International Studies)

  • Hiep Tran Xuan

    (The University of Danang, University of Science and Education, Faculty of History – Geography – Politics)

Abstract

In the 21st century, Vietnam has become one of the most dynamic emerging economies in the world. According to forecasts by many economic experts, Vietnam will become one of the twenty largest economies in the world by 2045. The rapid development of the Vietnamese economy stems from various causes. Among them, there are three main reasons: (1) Favorable geopolitical and geo-economic position, with abundant natural resources; (2) Deeply integrated economy, large market potential; (3) Independent, self-reliant and wise foreign policy of Vietnamese leaders. This chapter uses a qualitative analysis method through secondary data and primary data sources to focus on researching and evaluating the three aforementioned reasons that have been and are helping the Vietnamese economy grow rapidly after nearly 40 years of economic reform and international integration. From there, the article concludes that Vietnam has the full potential to become one of the top twenty economies in the world by 2045.

Suggested Citation

  • Kiet Le Hoang & Hiep Tran Xuan, 2025. "Vietnam: The Rise of a Future Global Economic Power in Asia," Springer Books, in: Evan Lau & Weng Marc Lim & Huey Fen Cheong (ed.), Future of Economy in Asia, chapter 0, pages 25-42, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-95500-6_2
    DOI: 10.1007/978-3-031-95500-6_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-95500-6_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.