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This book presents a groundbreaking roadmap for one of the world s most dynamic economies at a historic crossroads: Vietnam. It traces the country s remarkable transformation since the Doi Moi reforms lifting millions out of poverty and sustaining rapid growth while confronting the central question: how can Vietnam escape the middle-income trap?
Drawing on rigorous analysis and international experience, the authors reveal the structural weaknesses of an FDI-led growth model, highlight the urgent need for productivity gains, and emphasize the pivotal role of domestic enterprise development, human capital, and innovation. They outline a comprehensive strategy that combines industrial upgrading, digital transformation, education reform, labor market dynamism, and effective management of demographic transitions.
Essential reading for policymakers, scholars, investors, and development practitioners, this volume offers timely insights into Vietnam s economics development and its bold ambition to achieve high-income status by 2045.
List of contents
CHAPTER 1: OVERVIEW: CHARTING VIETNAM'S NEXT LEAP PRODUCTIVITY, INNOVATION, AND THE QUEST FOR HIGH-INCOME STATUS.- PART I: GROWTH DIAGNOSTICS AND STRUCTURAL CHANGE.- CHAPTER 2 PAST GROWTH AND STRUCTURAL TRANSFORMATION.- CHAPTER 3 GROWTH PROSPECTS.- PART II TRADE AND INDUSTRIAL UPGRADING.- CHAPTER 4: EXPORT OPPORTUNITIES.- CHAPTER 5: TECHNOLOGICAL CONTENT OF VIETNAM S EXPORTS AND POTENTIAL FOR IMPORT REPLACEMENT.- CHAPTER 6: DEVELOPING THE SERVICES SECTOR TO SUPPORT EXPORTS.- PART III: MACROECONOMIC CONSTRAINTS AND DEVELOPMENT STRATEGY.- CHAPTER 7: MACROECONOMIC CONSTRAINTS AND DEVELOPMENT STRATEGY.- PART IV: DOMESTIC ENTERPRISES AND INNOVATION POLICIES.- CHAPTER 8: INTEGRATING DOMESTIC ENTERPRISES INTO GLOBAL VALUE CHAINS: THE KEY TO ESCAPING THE MIDDLE-INCOME TRAP.- CHAPTER 9: INNOVATION POLICIES.- PART V: HUMAN CAPITAL IN A CHANGING SOCIETY.- CHAPTER 10: HUMAN CAPITAL 1: LABOR MARKET REFORMS.- CHAPTER 11: HUMAN CAPITAL 2: PUSHING THE ROLE OF EDUCATION.- CHAPTER 12: HUMAN CAPITAL 3: REVERSE MIGRATION.- CHAPTER 13: HUMAN CAPITAL 4: COPING WITH AGING POPULATION.- CHAPTER 14: HUMAN CAPITAL 5: FEMALE LABOR FORCE PARTICIPATION.
About the author
Hinh T. Dinh
is Senior Fellow at the Policy Center for the New South, Morocco, and President & CEO of Economic Growth and Transformation, LLC, USA. Formerly Lead Economist at the World Bank, he has authored numerous books and articles on public finance, international finance, and industrialization.
Hoai Trong Nguyen
is Professor of Economics at the University of Economics Ho Chi Minh City and Editor-in-Chief of the
Journal of Asian Business and Economic Studies
. He previously served as UEH Vice President (2011–2021) and directs research on sustainable development, education internationalization, green growth, and regional development.
Summary
This book presents a groundbreaking roadmap for one of the world’s most dynamic economies at a historic crossroads: Vietnam. It traces the country’s remarkable transformation since the Doi Moi reforms—lifting millions out of poverty and sustaining rapid growth—while confronting the central question: how can Vietnam escape the middle-income trap?
Drawing on rigorous analysis and international experience, the authors reveal the structural weaknesses of an FDI-led growth model, highlight the urgent need for productivity gains, and emphasize the pivotal role of domestic enterprise development, human capital, and innovation. They outline a comprehensive strategy that combines industrial upgrading, digital transformation, education reform, labor market dynamism, and effective management of demographic transitions.
Essential reading for policymakers, scholars, investors, and development practitioners, this volume offers timely insights into Vietnam’s economics development and its bold ambition to achieve high-income status by 2045.
