Việt Nam’s new upper-middle-income status marks an important milestone in its development journey, but sustaining growth and achieving high-income status by 2045 will require stronger reforms, greater productivity and more innovation, according to the World Bank.
Viet Nam could reach upper-middle income status (US$22,000 purchasing
power parity per capita) by 2035 by growing with sustainability, equity
and social inclusion, and being a capable and accountable State, a World
Bank official has said.
