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Growth Prospects

In: Vietnam's Economic Leap

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  • Hinh T. Dinh

    (Policy Center for the New South and Economic Growth and Transformation)

Abstract

Vietnam stands on the cusp of a significantTaiwan demographic window of opportunity that could shape its economic and social landscape over the next two decades. The “golden” period, during which the working-age population is twice as large as the dependent population offers Vietnam a unique chance to accelerate economic growth. Continuing with past economic policies is likely to result in stagnant per capita income by 2050, keeping Vietnam within the upper-middle-income bracket, much like Argentina and Brazil over the past century. Under a reform scenario, where policies are designed and implemented to stimulate domestic industries, absorb higher technological progress, and drive increased productivity growth, Vietnam could achieve upper-middle-income status by 2026 and high-income status by 2047.

Suggested Citation

  • Hinh T. Dinh, 2025. "Growth Prospects," Springer Books, in: Vietnam's Economic Leap, chapter 3, pages 33-55, Springer.
    • Handle: RePEc:spr:sprchp:978-3-032-08904-5_3
    DOI: 10.1007/978-3-032-08904-5_3
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