Viet Nam 2045: Development Issues and Challenges
Date:
28 November 2023Category:
Environment and Climate Change, Global Governance and Multilateralism, Healthcare and Ageing Society, Industry and Manufacturing, Poverty and Sustainable Development Goals, TradeType:
BooksTags:
Viet NamPrint Article:
Viet Nam’s impressive economic growth has been driven by a socialist-oriented market economy often recognised as the 'Viet Nam model.’ This model, in combination with an open-door policy promoting economic integration with regional and global partners, has been pivotal in shaping the country’s advancement. Notably, Japan’s Official Development Assistance has played a central role in improving infrastructure to attract foreign direct investment, thereby reinforcing the expansion of exports.
With the goal of achieving high-income status by 2045, Viet Nam must navigate a trajectory of consistent growth, aiming to surpass an annual growth rate of 5.4% leading up to 2045. In this pursuit, this publication highlights seven critical sectors poised to guide this growth. Amongst them, the digital business sector emerges as supremely significant. The wave of digital transformation acts as a pervasive catalyst for innovation, a cornerstone in Viet Nam's endeavour to break free from the middle-income trap.
In the drive towards sustainable industrialisation, Viet Nam faces two challenges: firstly, the necessity of combating climate change and embracing green transformation – this involves ensuring a robust energy supply while adhering to a carbon-neutral framework. Secondly, fostering social inclusion to nurture a burgeoning middle class is equally vital.
As we commemorate the 50th anniversary of diplomatic relations between Viet Nam and Japan, this publication delves deep into the economic synergy between the two nations. With a primary focus on digital transformation and green transition, it illuminates the dynamic cooperation between Viet Nam and Japan that paves the way for a promising future.
Full Report
Viet Nam 2045: Development Issues and Challenges
Vietnamese version (full Report)
Contents
Part I: Historical View and Development Model
Chapter 1: 2045 in the Course of an Independent Viet Nam
Motoo Furuta
Chapter 2: Viet Nam's Foreign Policy and Japan-Viet Nam Relations since the Start of Doi Moi
Masaya Shiraishi
Motonori Tsuno
Chapter 4: Viet Nam: Transition to a Socialist-Oriented Market Economy
Vo Tri Thanh
Chapter 5: Foreign Direct Investment and the Industrialisation of Viet Nam
Ryo Ikebe
Chapter 6: Viet Nam's Conditions for Sustained Growth: How to Escape from the Middle-Income Trap?
Tran Van Tho
Chapter 7: Economic Integration in East Asia and Viet Nam
Nguyen Anh Duong and Ha Thi Thanh Doan
Part II: Industries as the Driving Force for Growth
Chapter 8: New Wave of Digital Transformation, Industry 4.0 and Innovation
Nguyen Anh Duong and Fukunari Kimura
Chapter 9: Viet Nam 2045: Automobile Industry
Seio Nakajima, Hideo Kobayashi, and Yasushi Ueki
Chapter 10:Electronics as a Driving Force for Viet Nam's Economic Development
Nguyen Thi Xuan Thuy
Chapter 11: Digital Transformation-related Businesses
Nguyen Anh Duong
Chapter 12: Viet Nam's Textile and Garment Industry in the Global Value Chain
Kenta Goto
Chapter 13: Consolidation of the Supporting Industries under International Economic Integration
Mai Fujita
Chapter 14: New Aspects of Agricultural Development in Viet Nam
Shozo Sakata
Part III: Sustainability and Social Issues
Chapter 15: Sustainable Energy Supply
Shigeru Kimura, Alloysius Joko Purwanto, and Han Phoumin
Chapter 16: Advancing Climate Change Adaptation, Disaster Risk Reduction and Resilient Growth
Venkatachalam Anbumozhi and Lai Van Manh
Chapter 17: Circular Economy in Viet Nam
Lai Van Manh and Pham Anh Huyen
Chapter 18: Challenges for Inclusive Growth
Emi Kojin
Chapter 19: Social Issues in Viet Nam's Ageing Society
Yuka Minagawa, Nguyen Cong Vu, Yoichi Hiruma, and Yasuhiko Saito
PART IV Conclusion and Policy Recommendations
Chapter 20: Developing a New Approach to Japan–Viet Nam Industrial Cooperation
Fusanori Iwasaki, Keita Oikawa, and Yasuhiro Yamada
Chapter 21: Conclusion: Policy Recommendations for Achieving High-Income Status by 2045
