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I am Indonesian.. a professional who work in financial industry. In most of thebusiness talk and university lectures, when talking about the next emerging market king, vietnam always be our top pick.

Greetings from U.S- lived there for a cup of years. Vietnam is an uniqe and lovely country and people there are the greatest warriors on earth that always impressed the world..always a heroic symbol from many nations in the world who fight for freedom and independence against foreign invaders. Only the nation that defeated the mongols 3 times in 13 century and humiliated chinese empires many times in History when China tried to invade them. They also crushed 3 powers: France in 1954 in historic battle Dienbienphu, America in 1975 (unification of vietnam) and China (border war in 1979) in 20 century. The war in 1979 was a total military disarter for Chinese army as they got a huge casualties by Vietnamese local units and failed to save the genocidal Polpot regime in Cambodia . Only 25 years living in peace ..from total destruction from long wars and economic embargo and one of the poorest nations but now 2024 as we know Vietnam has become a new Asian economic tiger, one of the fastest growing countries 8,2% in 2022 , a upper middle-income country with 16.000 PPP per or GDP per capita - 5000 dollars in 2023. Moreover, now Vietnam is one of the top 20 biggest world's exporters 370 billions dollars in 2023. They are even building a huge EV Factory-Vinfast Cars 4 billions dollars in US and also 2 more factories in India, Indonesia. Peace and love!

I am optimistic about Vietnam.🇻🇳 I am sure it will become rich country. Love from India.🇮🇳

The emergence of Vinfast and other conglomerates can definitely bring prosperity and wealth to Vietnam. I wish Vietnam the best and rich. Love from Cambodia.

Fun fact: As a business student and a Vietnamese, lately I have realized a big trend among young Vietnamese people to work on sustainable agriculture. I wonder if this trend contributes to the high % agriculture workforce in the video.

I am Vietnamese Citizens, living my whole life from countryside to cities, i never met anyone wish to the be a rich country or have to compete with any country to the world. Just enjoy living!

I'm from Indonesia. Vietnam is often talk among SEA as inspiration for of great growth on economy for developing countries.

I'm a Vietnamese lawyer. I dont think Vietnam needs to be a rich country. Rich countries nowadays have a lot of problem, especially with inequality, and people's mental health. Vietnam needs to be a well-blance country in all aspect. Money alone does not make a country strong.

Vietnam has the disadvantage that they started very late compared to other countries (Bangladesh, Philippines, Malaysia, Thailand and Indonesia), that is, it was not until the 2000s that the embargo was lifted by the US. And when poverty is completely lifted, Vietnam will miss the largest labor force (18-30). Vietnam's advantage is that it still has a relatively young population, the elderly still contribute to the labor market in many different ways, and women (40% of the population) in Vietnam are extremely hard-working. Maybe they If they can maintain a growth rate of 5-7% continuously for 20 years. They can absolutely achieve high income levels.

很期待越南的社会主义同志们发展越来越好！来自中国的爱。

I'm confident Vietnam will soon surpass Philippines and then Malaysia to be the 3rd largest economy in Asean From : Singapore 🇸🇬

Vietnam has never applied a one-child policy like China. Vietnam encourages each couple to limit having only 2 children. Only people working in state agencies will be reprimanded for giving birth to 3 or more children. Vietnam has never banned people from having a third child, the government just does not encourage it.

They are in the right path to reach their potential Love Vietnam from Morocco, Soon i will visit phu quoc 🇲🇦🇻🇳

So glad this channel blew up! I remember being one of the first 50ish subscribers.

The victory of the Vietnamese people over America in the Vietnam War is the capital of the Vietnamese people's mentality. only 20 years of the Taliban-Afghanistan war and 18 years of the Vietnam communist war which steadfastly and patiently fought for a long time against the United States, and won it. they succeeded in driving out the United States. they are tough people who endured the long suffering of war. The nation that once defeated the United States is a nation that should not be underestimated. they are a strong nation. they are hardworking and ambitious. as a citizen of one of the ASEAN countries, I see Vietnam in how they build their football power. In the last 15 years, no one would have thought that their football strength could become what it is today, becoming the best in ASEAN. Even Vietnamese football is better than Chinese. they are known to be more ambitious than other ASEAN countries. Their communist country is known to be more stable than democracies like Indonesia or the Philippines. Communists are also atheists who do not belong to the world's major religious factions. they are neutral, there are no food restrictions, no religious holidays, no time for worship, no discussion of afterlife, and focus on developing the interests of world life, the economy and human welfare.

Vietnam will become rich, just like it's neighbors and that's inevitable, the only problem is time which is something that a lot of people doesn't account for.

Quite possibly one of the best overviews of Vietnam and its economic forecast.

Vietnam and Bangladesh was similar in 90's now Vietnam progressed twice of Bangladesh Bangladesh is lacked for corruption and looting by governments

Tôi yêu đất nước tôi. Hy vọng đến năm 2035 Việt Nam sẽ lọt vào top 20 nước có nền kinh tế lớn nhất thế giới.

越南做任何事情中国都支持，我们是兄弟国家

Keep Korea Japan China Vietnam and other countries and nations safe 🙏❤

As Chinese Malaysian, i am quite optimistic that Vietnam can be the leading economy of SEA since their people and cluture are the closet to east asian among SEA except for Singapore. Very likely they will be reaching east asian standard in future. 👍👍

Vietnam still has common problems other sea countries experiencing: geopolitical instability, corruption, resource mismanagement, environmental degradation, economic dependence, etc. economy is fragile to external shocks. hope sea countries will prosper together

The important thing is that land in Vietnam is permanently privately owned, we love that, it motivates us to strive to build on our own land, that creates our love for with the land we own, and our descendants will fully inherit it. I think if you have Vietnamese nationality you will also have the same.

I think Vietnam will be an "important" country, but not a rich country.

Thanks for great analysis. We Vietnamese generation 25~40 are ready to take the leap and make our country financially and diplomatically better!

Vietnam is already rich. They have plenty of food to eat. They produce so much food that we need to export most of them. They are also at peace. So the people are content and happy. If that is not wealth, then I’m not sure what rich means.

Vietnam is a kind and friendly country . We also very progressive that hoping one day will be achieve mid-range development country .

...⭐️⭐️⭐️ If looking at gdp to evaluate Vietnam's living standards is wrong because Vietnam's gdp is not calculated most accurately, many of the houses on the street are freely operated, rented and in Vietnam there are Up to 70-75% of the population living in rural areas freely engage in agricultural production, animal husbandry, aquaculture, fishing, and thousands of craft villages in rural areas are not included in GDP. The government also does not need to count them in GDP to receive preferential loans

We need a push for that to happen, it's hard to imagine whether Vietnam will become a rich country by the middle of the 21st century.

Most manufacturing companies that leave china go to vietnam rather than India or other SEA countries because vietnam is most similar to china in terms of Policies and culture

Corruption is the cancer holding Vietnam back (as a Vietnamese)

I always thinking your videos are so high quality, thank you for your effort and sharing with the world

I’m from Vietnam. Love my country🇻🇳

Video của bạn hiện nay đang so sánh sự bùng nổ công nghiệp hoá của việt nam với trung quốc, hàn quốc và nhật bản trong quá khứ ở thời điểm hiện tại là còn quá sớm hiện nay việt nam sau nhiều năm tích luỹ họ chỉ mới đổ tiền vào cơ sở hạ tầng, bước đầu định hướng và đào tạo nhân lực trong các ngành công nghiệp công nghệ cao vẫn không ngừng kêu gọi đầu tư và tích luỹ vốn và tích luỹ công nghệ và họ đang tận dụng thời gian mà thế giới có nhiều biến động như hiện nay giữa các cuộc bầu cử của các quốc gia và sự suy thoái toàn cầu để bắt đầu thanh lọc bộ máy, để chuẩn bị bước vào một thời kì đổi mới khác và các chuyên gia kinh tế việt nam hiện nay cũng nhận định khi vn đạt mốc 5000USD/ người, thì đó mới là thời kì bùng nổ công nghiệp công nghệ mới của vn cả về vốn nước ngoài đổ vào và vốn trong nước huy động, mọi thứ chỉ là sự khởi đầu chúng tôi còn 30 năm nữa, đó mới là thời điểm quyết định còn nói mọi thứ bây giờ chỉ còn là điều quá sớm

When Vietnam Samsung's export alone accounts for around 25% of Vietnam's annual export, that's a huge problem....

Bài phân tích hay. Cơ hội của Vietnam + tiềm năng con người, rất có khã năng để Vietnam trở thành nước giàu. Tuy nhiên những vấn đề âm ỉ như giá bất động sản liên tục tăng cao, người lao động thường phải trả 200 đến 400 triệu vnd tăng thêm cho giới đầu cơ bds, những người lao động tạo ra của cải cho xã hội lại phải nuôi không một nhóm nhỏ không tạo ra giá trị gì cho xã hội. nếu không giải quyết sớm thì có thể là khối ung thư phá vỡ sự ổn định. Áp lực kinh tế làm giới trẻ lười lập gia đình, lười sinh con,..... Thu hút FDI là tốt nhưng khuyến khích khởi nghiệp và hỗ trợ các công ty có tiềm năng trong nước, phát triển và nắm giữ một hoặc nhiều công nghệ lõi mới giúp đất nước thăng hoa và có giá trị ổn định trong thị trường toàn cầu

Vietnam needs larger company to compete in world market. Something like Toyota, Sony, Samsung, Hyundai, Huawei, Alibaba, etc. which are well-known to foreign countries. Without such world class multinational companies middle income trap is inevitable. See Thai and Malysia which have no such large company originated from them.

Vietnam’s map includes Hoang Sa and Truong Sa

Very good informative video.

In fact, it's not about "in spite of communist policies". At the time the government chose a fully-oriented communist economy, Vietnam was suffering from a serious production shortage, and to evade such a famine in 1945 which killed 2m people, the Vietnamese government had to take control of all goods and production to ensure all of the people have at least enough food to survive. I have to take the communist economy's drawbacks such as poor labor attitude, little potential to develop into my consideration, but there's no choice but to accept the disadvantages to get thru the harsh time

I can do whatever I want in Vietnam tho, except planning a coup or participating in reactionary groups obviously, and I'm also a Christian living in Vietnam and I no one is banning me from doing anything religion-related, so the assessment is kinda wrong. Coorruption no doubt is still a problem, but more and more people are getting arrested for it. I have no problem with Statism cuz electricity, water, and wifi is dirt cheap lol, I dont want to pay few hundred dollars for electricity, water and wifi😂

I am Japanese, but whenever I go to Vietnam, I am overwhelmed by the number of young people. Japan has a low birth rate and an aging population, so there is no growth potential, but Vietnam seems to be full of potential.

Easy to say! I live in VietNam, i know deep down how hard could it be!

HQ với NB may mắn phát triển vào giai đoạn ngành công nghiệp thế giới còn nguyên sơ, Chế tạo 1 cái xe hơi thời đó dễ gấp nghìn lần chế tạo 1 cái chip bán dẫn hay máy tính lượng tử bây giờ. Giờ VN chỉ có chế tạo được mấy cái đó mới mong giàu được,haizz

I moved to Vietnam and I hereby attest its fast growth.

Bonus: In Vietnamese villages, when they turn 18 they will go abroad to work and send foreign currency back home. Vietnamese workers in Japan are ~500,000 people, in Korea ~200k-250k people, EU ~100k. If you work in the country, it's difficult to earn about $12,000/year. Just like the video shared, Vietnam's economy is too dependent on foreign countries and the garment industry is now mainly in Bangladesh. Cambodia is also a suitable destination with a young population

Really interesting, you should do more videos discussing Southeast Asia like the Philippines or Indonesia.

Vietnam is a much smaller geographic and population than China and India. So, it would take less development in energy and transportation infrastructure and key human services like health care and education to impact a larger percentage of the overall population.

SEA nations are prone to the middle income trap. Only the late four tiger economies managed to escape it. Thailand, Malaysia were all promising but turned out to be sad.

A accurate and great analysis

The most serious problem that Vietnam is dealing with at the moment is Corruption, in the last 2 years, some of the most biggest corruption cases with total value of more than 100 billions USD, has been revealed and charge. these cases seriously affect slow down the development speed of Vietnam. Actually, the good news is the government is actually going a biggest cleasing of corruption ever called "burning furnace". I hope everything will change for the better and VN could actually reach full potential

To be rich (15000$/people/year), vn gdp has to grown 8%/year over 30 years, and yet, looks what happened. It is more likely to be old before rich.

For me, Vietnam is the country in SEA the most likely to become rich aside from SIngapore who already is. Everyone else seems to have some major problems that are really holding us back.

I think Vietnam is more open and freer than some east Asia nations, it may reform and turn to a liberal, democratic country after it becomes rich.

We take the most neutral stance on everyone so everyone wants to invest in our country because they know we won’t turn our backs on them. We are benefiting so much from competition trying to get more influence in our country❤

The analysis is one-sided, based only on numbers found online. Did you know that most households in Vietnam do not have to pay taxes, or only have to pay a symbolic tax when they receive income from employment or production? It is estimated that 40% of Vietnam's GDP is overlooked because the government does not count small businesses in total GDP. And you take an index of labor productivity (An INDEX BASED ON GDP per capita), and like I said 40% of GDP is ignored? So the video owner thinks that the elites of the United States and Korea are stupid for investing in Vietnam because of cheap labor? You think Vietnam lacks freedom and censorship, but every year tens of millions of international tourists come to Vietnam to travel? Have you arrived in Vietnam yet? definitely not. But I know your great country, America, has eliminated Tik Tok because it can't compete with Tik Tok. LoL. That's right, democracy is the best, so we are only ranked in the top 40 countries in terms of GDP value, the remaining more than 160 countries and territories are probably all dictatorships :)) I respect those who friend out there has knowledge, but certainly not the owner of this silly KZfaq channel

Một điều quan trọng là chúng tôi đã thoát nghèo :ai cũng ăn no mặc ấm ai cũng được học hành, sống hạnh phúc thích làm những gì mình muốn không bị áp lực như các nước giàu OK chưa

Vietnamese people are just so industrious, ingenious and entrepreneurial so if there is peace and climate stability then Vietnam will be rich. However...regional tension and global political & power play, climate change, growing gap between rich and poor, rampant societal level corruption, environemntal degradation, weak legal framework for individual and private entity, severely limited press and individual freedom all can individually or colllectively derail the Vietnamese Dream.

Please make videos on laos, Cambodia and philipines economies as they have potential to grow a lot but what is stopping them

You should add Hoang Sa and Truong Sa on this map, because Hoang Sa and Truong Sa belong to Vietnam

希望越南的同志们成功🎉一起建设社会主义事业

There's a high possible that Vietnam will become rich in the future but not now. The future will tell I am sure Vietnam will shows it weath around 2027 and 2030

If even China, with their increasingly smart and technological economy, is struggling to escape the middle income trap, Vietnam's not going do much better than that. Look at Thailand. They've been industrializing for many decades, now they have a diverse, vibrant economy with good infrastructure, but not exactly "rich". That's the best future Vietnam can hope for

Hiện tại tôi thấy đa số người Trung Quốc nghĩ Việt Nam còn nghèo đói và tôi vui vì điều đó ..hãy đợi kẻ bắt nạt các nước nhỏ (CHINA)

If south Korea escaped middle income trap and still has been border line developed. Vietnam will have hell of a time long way to go.Especially the 8 other economies ahead of vietnam in SEA is struggling to break the middle income trap. They all had the same optimism before.

Các bạn không cần phải so sánh đất nước chúng tôi làm gì. Một đất nước chiến tranh tàn phá nhất thế giới. Thì làm sao các bạn đem so sánh. Có khập khiễng không?

12.00 In the 1970s VN was still at war with the US, it did not have a one child policy.

Sao không đề cập đến sau 1975. Mỹ không những không bồi thường chiến tranh cho Việt Nam theo hiệp định Paris 1973, Mỹ còn cấm vận Việt Nam thêm 20 năm. Chưa kể Trung Quốc và Polpot liên tục gây hấn với Việt Nam từ 1975 đến 1990. Chúng tôi chỉ thực sự phát triển từ những năm 1990

Muốn giàu có hãy dựa vào chính mình!

The answer is NO. In order to become wealthy, a country need to have a research center to advance in development. VN is currently a market of manual cheap labor and that would only max or cap at middle class or lower.

vietnam got a lots of tourism so pretty sure they can get rich pretty fast

china and america war helped vn improve their economic with their long line coast for china ships to third countries

Yes, if VN can get rid of corruption. Enhance investment in AI and education, improve infrastructure, and maintain a strong relationship with China. VN has love and hate relationship with neighbor, without China's spill-over, it is hopless, so ASEAN.

May the Buddha Bless Vietnam!

I think Vietnam is still growing and gives it another 20 years, it will face the same problem of China as there’s another leap from middle income to developed status.

well, the world cannot compare Vietnam and Thailand cos technically Thailand didn’t really have to fight any war.

We just want peace! ❤

Why does this video not mention that China attacked Vietnam after the United States left?

Nah i dont think this is possible

Kinh tế Việt Nam: “xanh vỏ đỏ tròng” 🎉

Sorry, at 5:25, when you say 185% of GDP… do you mean the value of just exports? I’m just confused what the number is that you’re saying is more than total GDP cos surely it can’t be net trade

越南会的，已经有这些年的发展经验，现在不会变慢，但越南天热还会停电，这说明电力不足，这个一定要得到解决。

👍

The statistics they demonstrate are always promising while the core problems are always neglected. While still being a poor country, house prices are ridiculously high already which make them only affordable to the rich and this will only maintain the wealth gap in the future

They are doing what the americans used to do in the 19th century and what the chinese are doing now. So, yes! they are going to be fine.

As a Vietnamese I just want peace

Tôi thích nhất cái phong cách người VN làm nhục người Trung Quốc 😂

I am Thai have think about Vietnam similarly China because history Vietnam was colonay of China along time untill now Chaina have invest several manufacturing in Vietnam this case make GDP Vietnam inclease won in Asia overtake Singapore too. These Benefit into Vietnam also

As a vietnamese myself, i gain alot of more insight as to how vietnam is heading, economically. Finacially, vietnam actually benefit alot from remittances of oversea, gain a total of over 90 billion dollars, which like a adrenaline shot for vietnam market spending in recent year to be where it is today beside the open market reform and investment. However, as the video layout, and i mostly agree with the problems it mention, the question is, can vietnam be a rich country? My answer is..unlikely, very unlikely. My reason is vietnam is getting more politically unstable and corruption is getting worse. People in vietnam is actually losing faith in the communist party and the north - south dividend is getting worse because of unfair treatment across southern provinces by channeling all taxes to build the north leaving the south to fence for themself. In 2 years, our country has ousted 2 presidents, 1 Nation Assembly Chairman, and so many more of high ranking in the party. The propaganda machine in vietnam is getting ever closer to Russia, Iran and North Korea, all from State Medias, which is saying something, especially on the ukraine and israel gaza war. As a common sense and a logical person would, soon outsider will take notice of this and make judgement for themself. Its not hard to see where this is heading in the furure and we can make prediction. Plus the aging economy and middle income trap will not give my country the time it need to achieve it. If i have to describe Vietnam situation right now, its symptons start to show and problem will probably get worst. We were from worse to better, but i think its ending here until changes come.

2.30. Vietnamese and its communist party are one. There are few differences but generally, Vietnamese suport its government and happy with its political system. I am Vietnamese and not a communist party member

❤ hoàng sa trường sa là của việt nam ❤❤

Vn muôn năm dân tộc vn muôn năm

A Future Economic Powerhouse Short Of Power For Economy.

Need to add Hoang Sa and Truong Sa in the illustration map.

LOL the intro of video make the VCP seem like some form of foreign governor, not that the Vietnamese government themself

11:06 I see what you did there.

I have a somewhat pessimistic outlook on Vietnam's economic prospects. There are many problems that need to be solved before it can truly become an economic powerhouse like weak institutions, dependence on foreign economic components, extremely ineffective public investment projects due to corruption, energy security issues...

Big companies will just keep moving on and arbitrade labour for the cheapest available.Just like they moved on from japan and china.Vietnam next ,then cambodia,then myanmar ect..