Agribusiness

A new model for Vietnam’s economic growth in 2021-2030 and vision to 2050: Quantitative assessment

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Agribusiness in Vietnam
Project code
AGB/2020/122
Program
Budget
AUD 35,419
Research program manager
Mr Howard Hall
Project leader
Associate Professor (Hoang) Long Chu, Crawford School of Public Policy
Duration:
JUN 2020
DEC 2020
Project status
Concluded
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Overview

This project aimed to quantitatively evaluate the possible outcomes of applying a new economic growth model in Vietnam during the 2021-2030 decade with a vision towards 2050.

Rapid economic growth and escaping the middle-income trap are a top-priority objective of Vietnam. The country has adopted a ‘dual economy’ model where some geographical regions and economic sectors have been prioritized, and they can have a higher level of development compared to the rest of the economy.

Even though the model showed some initial success, it has also caused significant issues including uneven socio-economic developments and social welfare gaps.

To address this challenge, the Central Ideology Theoretical Council has been assigned responsibility for a new economic growth ideology model for Vietnam in the 2021-2030 decade, of which this project is playing a part in. Therefore ultimately helping Vietnam successfully escape the middle-income trap and complete its industrialization and urbanization process.

Project outcomes

  • Addressed questions from a development policy perspective (including modelling structure and necessary input database) based on a quantitative framework.
  • Delivered a report on research methodology and results.
  • Provided a presentation on research methodology and results.
Key partners
Crawford School of Public policy, The Australian National University
Documents