Vietnam’s Ambitious Economic Overhaul Faces High Stakes Amid Global Pressures
Vietnam aims to become Asia’s next economic tiger by 2045 but faces steep challenges including trade tensions with the U.S., climate risks, and internal resistance to reforms—all while trying to protect national sovereignty and build a resilient economy.
Under the shadow of Ho Chi Minh’s gold bust in Hanoi, Vietnam is boldly proclaiming a “new era of development.” But beyond the stirring rhetoric lies a complex struggle—a Communist Party-led drive to transform Vietnam from a low-cost exporter into a high-tech, self-reliant economic powerhouse.Can Vietnam Break Free from the Middle-Income Trap While Defending Its Sovereignty?Vietnam’s ambition to join the ranks of Asia’s “tiger economies” like South Korea and Taiwan is praiseworthy, yet fraught with peril. The government now faces urgent pressure to reform its economy amid an aging population, climate threats, and institutional constraints. Meanwhile, ongoing friction with the...
This is Exclusive Content for Subscribers
Join our community of patriots to read the full story and get access to all our exclusive analysis.
View Subscription Plans