This project aimed to quantitatively evaluate the possible outcomes of applying a new economic growth model in Vietnam during the 2021-2030 decade with a vision towards 2050.
Rapid economic growth and escaping the middle-income trap are a top-priority objective of Vietnam. The country has adopted a ‘dual economy’ model where some geographical regions and economic sectors have been prioritized, and they can have a higher level of development compared to the rest of the economy.
Even though the model showed some initial success, it has also caused significant issues including uneven socio-economic developments and social welfare gaps.
To address this challenge, the Central Ideology Theoretical Council has been assigned responsibility for a new economic growth ideology model for Vietnam in the 2021-2030 decade, of which this project is playing a part in. Therefore ultimately helping Vietnam successfully escape the middle-income trap and complete its industrialization and urbanization process.
Publication Date: 23 February 2021
