Vietnam's Development Success Story and the Unfinished SDG Agenda
IMF Working Papers, February 14, 2020
Source details
- Canonical URL
- Vietnam's Development Success Story and the Unfinished SDG Agenda
Other formats
Bibliographic details
- Authors: Anja Baum
- Published: February 14, 2020
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513527024.001
Overview
- Despite starting as one of the poorest countries in the mid-1980s, Vietnam achieved rapid developmental progress and reached lower middle-income status in 2010.
- The paper documents impressive progress toward the Sustainable Development Goals (SDGs) concurrent with rapid economic growth.
- The study highlights crucial policies in the education and electricity sectors and undertakes a forward-looking costing exercise focused on five sectors.
Major themes and findings
- Development trajectory:
- Rapid progress from the mid-1980s to lower middle-income status in 2010.
- Strong alignment between economic growth and SDG progress during this period.
- Sectoral focus:
- The paper highlights crucial policies in education and electricity as central elements of Vietnam’s success story.
- The costing exercise focuses on five subsectors: education, health, roads, water, and electricity infrastructure.
Costing exercise and projections
- Coverage:
- Forward-looking costing exercise focused on five sectors: education, health, roads, water, and electricity infrastructure.
- Financing need:
- Total annual additional spending needs in the 5 subsectors estimated at 7 percent of GDP by 2030.
- Implication:
- Achieving the remaining SDGs in Vietnam will be a challenge given the scale of additional annual spending required.
Policy implications and priorities
- Maintain and build on successful policies in education and electricity highlighted in the paper.
- Address financing gap:
- Mobilize fiscal resources, prioritize public investment, and explore efficient delivery mechanisms to close the estimated 7 percent of GDP annual gap by 2030.
- Multi-sector coordination:
- Integrate planning across education, health, roads, water, and electricity to achieve SDG targets efficiently.
Key statistics and metadata cited in the paper
- Estimated total annual additional spending needs: 7 percent of GDP by 2030.
- Focused sectors: education, health, roads, water, electricity.
- Publication date: February 14, 2020.
- Series: Working Paper No. 2020/031.
- DOI: https://doi.org/10.5089/9781513527024.001
- ISBN: 9781513527024
- ISSN: 1018-5941
- Pages: 31
Source: Anja Baum, "Vietnam's Development Success Story and the Unfinished SDG Agenda", IMF Working Papers, February 14, 2020.
Content in this bundle
- Working Paper