The year 2015 marks 70 years since Vietnam’s Declaration of Independence, 40 years since Reunification, and just short of 30 years from the launch of Doi Moi, which catapulted the nation from the ranks of the world’s poorest to one of its great development success stories. Critical ingredients of success have been visionary leaders, a sense of shared societal purpose, and a focus on the future. Starting in the late 1980s, these elements were fused with the embrace of markets and the global economy, setting the nation on the path to becoming the middle-income country that it is today. Its spectacular growth since then, one of the fastest in the world, has all but eliminated extreme deprivation and lifted tens of millions of people out of poverty. Looking forward to 2035, which will mark 60 years since its reunification, Vietnam now aspires to modernity, industrialization, and a higher quality of life. These aspirations and the supporting policy and institutional agenda stand on three pillars: balancing economic prosperity with environmental sustainability, promoting equity and social inclusion, and bolstering the state’s capacity and accountability. The rapid growth needed to achieve these aspirations will be sustained only if it stands on faster productivity growth and reflects the costs of environmental degradation. Productivity growth, in turn, will benefit from measures to enhance the competitiveness of domestic enterprises, scale up the benefits of urban agglomeration, and nurture a creative and innovation-led economy. Maintaining the record on equity and social inclusion will require lifting marginalized groups and delivering services to an aging and urbanizing middle-class society. And to fulfill the country’s aspirations, the institutions of governance will need to become modern, transparent, and fully rooted in the rule of law.
information and communication technology;high levels of literacy;high quality of life;competition in product markets;domestic private sector;Rule of Law;social inclusion;equality of opportunity;people with disability;Check and Balances;productivity growth;greenhouse gas emission;increase in inequality;global value chain;purchasing power parity;national saving rate;gross domestic product;supervision and guidance;privileges and immunity;growth and development;public sector specialist;socio-economic development;national innovation system;competitive private sector;place of residence;economic policy making;quality and relevance;inequality of opportunity;labor market regulation;government decision making;interests of worker;mature market economy;industrial relation system;quality of public;conflicts of interest;national poverty line;regional trading agreements;output per worker;capita growth rate;transfer of technology;reduction in poverty;high productivity growth;competitive labor market;resources and environment;Strategy for Agriculture;middle class;research assistance;urban agglomeration;land market;property right;formal sector;marginalized group;domestic enterprise;Ethnic Minorities;economic prosperity;external trade;urban policy;Natural Resources;environmental specialist;inclusive growth;promoting equity;labor productivity;sex ratio;living standard;social outcome;public servant;global economy;state control;legal framework;election process;senior operations;delivering services;Real estate;integrated system;environmental degradation;metropolitan area;clean water;primary care;Child Mortality;insurance regime;citizen access;hydropower potential;trading partner;large-scale farmer;common purpose;central planning;information revolution;severe flood;positive outcome;financial hardship;land area;support policy;public reaction;public body;natural forest;energy security;government structure;environmental sustainability;public scrutiny;rural location;global governance;heavily dependent;life expectancy;short supply;macroeconomic stabilization;shock therapy;inflection point;private enterprise;nonincome dimension;competition policy;economic stability;research institute;standard deviation;mangrove forest;Financial Sector;material welfare;income economy;planned economy;vulnerable countries;human settlement;knowledge flow;mortality ratio;economic crisis;basic infrastructure;human capital;Basic Education;labor-intensive production;economic efficiency;health hazard;malnutrition rates;minority child;land distribution;Population Policy;Social organizations;Rural Poor;demographic shift;elderly population;permanent registration;monitoring progress;institutional constraint;aging country;economic reform;industrialized nation;welfare gains;international community;climate pattern;International Trade;problem-solving skill;working-age population;effective tax;population agenda;Urban Planning;Gender Gap;birth certificate;administrative service;gender discrimination;retirement age;old-age dependency;pension system;Public Services;climate resilience;Clean Energy;power trade;accessible data;severe disability;innovation capability;urban population;environmental stress;national assembly;effective teams;active engagement;academic research;focus group;public engagement;live chat;small landholding;industrial cluster;transport specialist;secondary city;legal science;fiscal transfer;home affairs;industrial wastewater;communist party;adaptation purposes;supply side;urban water;human rights;long-term growth;administrative coordination;long-term care;business innovation;institutional foundation;nonperforming loan;state sector;inefficient producers;factor market;vested interests;environmental pollution;market signal;investment rate;environmental cost;preferential treatment;business interest;central body;state capacity;citizen participation;professional body;land issue;public resource;Job Creation;corporate governance;social framework;market mechanism;Health Service
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EAP Chief Economist Unit (EAPCE)
Official version of document (may contain signatures, etc)
Cao,Sinh Viet Demombynes,Gabriel Kwakwa,Victoria Mahajan,Sandeep Shetty,Sudhir Đam, Vũ Đức Vinh, Bùi Quang Van Trotsenburg,Axel
Vietnam 2035 : toward prosperity, creativity, equity, and democracy : overview (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/936571467996735625/overview