Vietnam's Development Success Story and the Unfinished SDG Agenda

32 Pages Posted: 12 Mar 2020

See all articles by Anja Baum

Anja Baum

International Monetary Fund (IMF)

Date Written: February 2020

Abstract

Despite starting as one of the poorest countries in the mid-1980s, Vietnam has achieved rapid developmental progress, reaching lower middle-income status in 2010. In line with rapid economic growth, Vietnam has achieved impressive progress towards the Sustainable Development Goals (SDGs) during this time. This paper sheds light on some elements of Vietnam's success story, highlighting crucial policies in education and electricity sectors. It undertakes a forward-looking costing exercise that focusses on five sectors - education, health, roads, water, and electricity infrastructure. Achieving the remaining SDGs in Vietnam will be a challenge, with total annual additional spending needs in the 5 subsectors estimated at 7 percent of GDP by 2030.

Keywords: Economic reforms, Economic stabilization, Economic growth, Poverty, Age-related spending, Vietnam, economic policies, SDGs, education, electricity, infrastructure, health., WP, Doi Moi, SDG, EVN, VNR, capital spend

JEL Classification: E65, H5, I1, I2, I3, L90, O1, O2, O5, R40, E01, L3

Suggested Citation

Baum, Anja, Vietnam's Development Success Story and the Unfinished SDG Agenda (February 2020). IMF Working Paper No. 20/31, Available at SSRN: https://ssrn.com/abstract=3553188

Anja Baum (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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