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

Author

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  • Maxime TERRIEUX

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.

Suggested Citation

  • Maxime TERRIEUX, 2024. "Vietnam at a crossroads: avoiding the middle-income trap while addressing climate challenges," Working Paper 79baa0e2-600c-4e98-9f88-4, Agence française de développement.
    • Handle: RePEc:avg:wpaper:en16154
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    File URL: https://www.afd.fr/sites/afd/files/2024-01-06-29-19/MacroDev_52_VA_BAT_1_Web.pdf
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    Keywords

    Vietnam;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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