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Vietnam's Development Story

Holder
Alcedrei Bangcola
Holder
Bernardt So

: the crisis

Income per person,
a year
World ranking
among the poorest countries
People living in poverty,
Same bowl of phở, price index. Illustrative: one year of inflation.
Phở

Inflation,

Đổi Mới Renovation,

Three doors open

  1. Farmland goes back to households
  2. Private business allowed
  3. Foreign investment welcome

It hurt first. Income per person fell, .

state enterprises closed or merged, .

Tin Kinh Tế Economic news,

Growth of a year

Households farm their own land, private shops open, and the economy takes off.

New factories rise at the edge of the city.

Lights on

Access to electricity

() → ()

1 lantern = 1%

Extreme poverty rate

() → ()

1 figure = 1% · dark = in extreme poverty

Tin Kinh Tế Economic news,

Vietnam joins the world

WTO membership, . Foreign factories pour in and ships leave full.

Continued: where does that leave Vietnam today? →

Containers leave for world markets.

Vietnam today

Upper-middle income · World Bank,
GDP,
Growth,
GDP per capita,
Exports,

Growth,

GNI per capita (Atlas) () → ()

HDI, rank of

MeasureVietnamPhilippines
GDP,
Inequality-adjusted HDI,
GNI per capita,
World Bank group, Upper-middleUpper-middle

Cracks beneath the numbers

Warnings

The road to

Potholes foreign firms / tariffs / aging / climate / inequality

Repairs, ministries → / provinces →

The fork high income needs growth per person, every year for years

↖ High income

Middle-income trap ↗

Which road does Vietnam take?

Sources

    Sources, continued