Abstract
The launch of the economic reforms known as Doi Moi over more than thirty years has made Vietnam a hallmark for development success with remarkable poverty reduction and economic growth. Between 2002 and 2021, GDP per capita increased 3.6 times, reaching almost US$3,700. Vietnam has grown bolder in its development aspirations, aiming to become a high-income country by 2045. Vietnam has also been named among the Next Eleven and CIVETS countries.
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Notes
- 1.
The Next Eleven (also known as N-11) are the eleven countries – Bangladesh, Egypt, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea, Turkey, and Vietnam – identified by Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICS countries, among the world's largest economies in the twenty-first century (O’Neil, 2009, 2018).
The CIVETS are six emerging market countries Columbia, Indonesia, Vietnam, Egypt, Turkey, and South. The term was coined by Robert Ward, Global Director of the Global Forecasting Team of the Economist Intelligence Unit. in late 2009, and was further disseminated by Michael Geoghegan, President of the Anglo-Chinese HSBC, in a speech to the Hong Kong Chamber of Commerce in April 2010.
- 2.
Establish company or business household in Vietnam? (https://doi.org/lsxlawfirm.com).
- 3.
The four priority areas for Vietnam are (1) Enable inclusive growth and private sector participation, (2) Invest in people and knowledge, (3) Ensure environmental sustainability and resilience, and (4) Promote good governance. Accessed Overview: Development news, research, data | World Bank (https://www.worldbank.org/en/country/vietnam/overview#2).
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Hoang, G., Oh, K.B. (2023). Ownership and Governance: Implications for Policymakers and Practitioners Doing Business in Vietnam. In: An Empirical Study of SOE Corporate Governance Attributes for Emerging Markets. Springer, Singapore. https://doi.org/10.1007/978-981-99-1505-7_7
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