Vietnam: The Economy of the Next Decade?

Economics Explained

Vietnam is one of the fastest-growing economies in the world today. In 2019 its growth was only beaten out by a selection of far smaller and far more unstable national economies.

With a huge and very hardworking population not to mention a powerful ally to it’s north this could be the country to watch out for in the next 10 years. But this success is by no means guaranteed. As with many other nations in the Southeast Asian region, it has many hurdles it needs to deal with to become a fair dinkum developed economy.

So, what has been behind Vietnam’s Economic Growth? What will the impacts of 2020 do to this growth? And perhaps most importantly How will this nation break into the Developed Nations club?

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