Vietnam's Economic Future: Scenarios for Growth and Stability
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Vietnam's Economic Future: Growth and Stability
Vietnam’s political stability is closely tied to its economic performance. Unlike other one-party regimes that base their legitimacy on ideology, the Communist Party of Vietnam (CPV) derives its authority from delivering sustained prosperity—a reflection of the Confucian notion that rulers remain legitimate as long as they ensure national well-being.
Today, Vietnam’s economic fundamentals are strong: unemployment is low, poverty is declining, and growth remains steady. These outcomes reinforce the Party’s image as an effective steward of development.
But as Vietnam climbs toward middle-income status, the stakes grow higher. The country now faces the classic dilemma of the middle-income trap—where... Continue reading "Vietnam's Economic Future: Scenarios for Growth and Stability" »