Unleashing strong, digital and green growth in Viet Nam
Viet Nam has been quick to recover from the downturns caused by the COVID-19 pandemic,
but it faces long-term economic challenges. Boosting labour productivity will be crucial
to sustained high economic growth. Attracting further foreign investment and reaping
the benefit of advanced technologies will require additional improvements to the business
environment through simplifying administrative procedures. Levelling the playing field
of competition between state-owned enterprises and private enterprises will also help
to maintain Viet Nam’s attraction for international investors. The country is already
among the leaders of digitalisation in Southeast Asia, with strong adoption of e-commerce,
telemedicine and telework. Further investment in digital skills will be key to maintain
this momentum. The authorities have committed to net zero carbon emissions by 2050
and are expanding renewable energy generation capacity. A comprehensive decarbonisation
plan would facilitate the transition to greener growth.
Published on August 07, 2023
In series:OECD Economics Department Working Papersview more titles