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Vietnam: The risk of falling in the middle-income trap

In a recent report of the World Bank (WB), Vietnam was among the economies that the institution sharply reduced its growth forecast indicators. In early April, the WB forecasted that Vietnam’s growth rate would be only 5.3% this year, according to the basic scenario, and even worse – 4.4%. These two rates are much lower […]

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Vietnam’s labor productivity and the role of SOEs

The question for Vietnam is how to become a high-income economy while increasing productivity and protecting its resources. This is the issue addressed by Manuela V. Ferro, the World Bank’s Vice President for East Asia and Pacific, in an article “To prosper, Vietnam needs to increase efficiency”. “For Vietnam to achieve the desired transformation results, […]

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