IMF Working Papers

Vietnam's Development Success Story and the Unfinished SDG Agenda

By Anja Baum

February 14, 2020

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Anja Baum. Vietnam's Development Success Story and the Unfinished SDG Agenda, (USA: International Monetary Fund, 2020) accessed December 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: Commodities, Education, Electricity, Expenditure, Health, Health care spending, Total expenditures

Keywords: Authorities estimate, Closed economy, Development success, Economic policies, Education, Electricity, Electricity company EVN, Enrollment rate, Expansion plan, Global, Government attention, Government mandate, Government monopoly, Government of Vietnam, Growth performance, Health, Health care spending, Income group, Infrastructure, Mekong, SDGs, Southeast Asia, Spending needs, Spending Needs, Total expenditures, Vietnam, WP

Publication Details

  • Pages:

    31

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2020/031

  • Stock No:

    WPIEA2020031

  • ISBN:

    9781513527024

  • ISSN:

    1018-5941