If effectively developed, the data economy could contribute significantly to Vietnam’s GDP growth and its ambition to become an upper-middle-income country by 2030 and a high-income country by 2045. This growth is not only sustainable but also contributes to building a knowledge-based economy....
“Vietnam has in recent decades posted consistently high growth rates, even in the face of periodic challenges including large trade deficits and high inflation,” says Hanh. “This transformation into a thriving upper middle-income economy is a powerful testament to the potential we are committed ...
After Vietnam finished 2019 with impressive growth rates, leaders are optimistic that the country is on a stable trajectory to join the ranks of upper-middle-income or even high-income nations within a few decades. Prime Minister Nguyen Xuan Phuc explained late last year at a meeting wit...
The Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its gross domestic product (GDP) will surpass that of China’s Taiwan in 2035. The JCER recently released a medium-term forecast of Asian economies entitled “Asi...
On the other hand, Vietnam's two centennial goals are to develop the country into a modern industrial base and upper-middle income society by 2030, the centenary of the founding of the CPV, and transform the country into a high-income society by 2045, the centenary of the establishment of...
According to Euromonitor "the real estate market is also predicted to continue thriving as market demand for apartments from upper-middle-income urban consumers is expected to surge over the forecast period". It goes on to say that considering the expected rise in the number of foreign business...
With Vietnam projected to become an upper-middle-income country by 2030 and a high-income country by 2045, the development of baseload power sources is of utmost importance. The goal, as directed by the Prime Minister, is to have a nuclear power plant operational by 2030 at the earliest ...
to encourage investment. Looking ahead, the government is keen to build on the success of the industry and has established a number of ambitious targets as it pursues an economic policy aimed at endowing Vietnam with upper middle income nation status by 2030 and developed nation status by 2050...
Income was found to largely condition psychological determinants of certified rice purchase. Low-income consumers were found to be 16% less likely to afford certified rice, relative to the upper-middle income class, which reveals Vietnam's challenge to render food safety inclusive for staple crops...
The income-difference coefficient among social classes was increasing during the period. The rise was especially significant for the upper class and the upper-middle class compared to the lower classes. The income-difference coefficient was changing slowly in the 2000s but more rapidly in the 2010...