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Vietnam Development Report - Connecting Vietnam for Growth and Shared Prosperity

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The report is scheduled to launch on January 15, 2020 in Hanoi and on January 17, 2020 in Ho Chi Minh City. Deputy Prime Minister Vuong Dinh Hue will attend and make key remarks in the event in Hanoi.

Updated on : 14-01-2020


Vietnam Development Report - Connecting Vietnam for Growth and Shared Prosperity

 

With rising incomes, declining poverty levels and greater participation in global value chains, Vietnam has greatly benefited from having an open economy, conducive investment climate, and relatively good connectivity to the region and the rest of the world. Given emerging challenges and threats to its growth trajectory - through increasing international protectionism, a slowing global economy, and climate change - ensuring Vietnam’s competitiveness will require implementation of policies and investments that position the country to best adapt to the changing global environment.
A flagship report prepared by the World Bank Vietnam country and global teams, Vietnam Development Report (VDR) 2019: Connecting Vietnam for Growth and Shared Prosperity presents a set of new and original analyses as well as building on new research building on the foundation set by two other reports: Vietnam 2035: Toward Prosperity, Creativity, Equity, and Democracy and World Development Report 2020: Trading for Development in the Age of Global Value Chains.
 
This report features a comprehensive overview of connectivity issues in Vietnam and uses a set of new analytical tools and analyses to inform policy makers and other key stakeholders on policy options and investment strategies to support Vietnam’s integration with global and domestic markets, strengthen, and promote spatial inclusion, along with its resilience.
 
In conclusion, the report presents nine focused recommendations organized in four mutually reinforcing areas of connectivity related to (a) Integration with Global Markets, (b) Integration across Domestic Markets, (c) Spatial Inclusion, and (d) Building Resilience.
 
The endeavor is the result of the close collaboration between the World Bank and Ministry of Planning and Investment, in consultation with several government agencies, research institutions, and businesses, and the financial support provided by the Government of Australia through the Second Australia–World Bank Group Strategic Partnership in Vietnam.
 
The report is published at a critical time when the Government of Vietnam is developing its new development strategy to guide the next 10 years, through its Socio-Economic Development Strategy for 2021–2030. Therefore, the report findings are expected to provide valuable insights into Vietnam’s connectivity challenges and a way forward in addressing them.

With rising incomes, declining poverty levels and greater participation in global value chains, Vietnam has greatly benefited from having an open economy, conducive investment climate, and relatively good connectivity to the region and the rest of the world. Given emerging challenges and threats to its growth trajectory - through increasing international protectionism, a slowing global economy, and climate change - ensuring Vietnam’s competitiveness will require implementation of policies and investments that position the country to best adapt to the changing global environment.
A flagship report prepared by the World Bank Vietnam country and global teams, Vietnam Development Report (VDR) 2019: Connecting Vietnam for Growth and Shared Prosperity presents a set of new and original analyses as well as building on new research building on the foundation set by two other reports: Vietnam 2035: Toward Prosperity, Creativity, Equity, and Democracy and World Development Report 2020: Trading for Development in the Age of Global Value Chains.
 
This report features a comprehensive overview of connectivity issues in Vietnam and uses a set of new analytical tools and analyses to inform policy makers and other key stakeholders on policy options and investment strategies to support Vietnam’s integration with global and domestic markets, strengthen, and promote spatial inclusion, along with its resilience.
 
In conclusion, the report presents nine focused recommendations organized in four mutually reinforcing areas of connectivity related to (a) Integration with Global Markets, (b) Integration across Domestic Markets, (c) Spatial Inclusion, and (d) Building Resilience.
 
The endeavor is the result of the close collaboration between the World Bank and Ministry of Planning and Investment, in consultation with several government agencies, research institutions, and businesses, and the financial support provided by the Government of Australia through the Second Australia–World Bank Group Strategic Partnership in Vietnam.
 
The report is published at a critical time when the Government of Vietnam is developing its new development strategy to guide the next 10 years, through its Socio-Economic Development Strategy for 2021–2030. Therefore, the report findings are expected to provide valuable insights into Vietnam’s connectivity challenges and a way forward in addressing them.

The report is scheduled to launch on January 15, 2020 in Hanoi and on January 17, 2020 in Ho Chi Minh City. Deputy Prime Minister Vuong Dinh Hue will attend and make key remarks in the event in Hanoi. 

 


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