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Vietnam seeks to avoid middle-income trap before time runs out and population ages


Vietnam seeks to avoid middle-income trap before time runs out and population ages
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 18/01/2021
  
10:00
GMT+7
Vietnam has become richer, but it remains a lower middle-income country facing a risk of being left behind. It aims to become a high-income country by 2045.
“We need to make right and timely decisions, because time is gold and it is also our enemy,” said Minister of Planning and Investment Nguyen Chi Dung at a conference reviewing the 2016-2020 period.
He said that Vietnam’s position and power has improved considerably, but the risk of falling into the middle-income trap still exists. ....

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