1、Accelerating Vietnams Industrial TransformationAchievements,Challenges,and Strategic Pathways to Vision 2045Minh Khuong VuProfessor at Lee Kuan Yew School of Public Policy,National University of SingaporeAuthorPlease cite the report as follows:Vu,Minh Khuong.2025.“Accelerating Vietnams Industrial Tr
2、ansformation.”Beijing:Global South Research Center.The views expressed in the report are the authors own and do not necessarily reflect the position of GSRC.SummarySince the launch of the i Mi(Renovation)reform in 1986,Vietnam has deeply integrated into global value chains to drive the rapid growth
3、of export-oriented industrialization.Over four decades,the country has achieved notable development outcomes,including sustained economic growth,declining poverty,structural transformation,infrastructure modernization,and deep global integration.Its power and electronics industries have emerged as e
4、mblematic examples of its industrial progress.In recent years,Vietnam has set the goal of reaching high-income status by 2045 and accelerated the shift of its industrial model from processing and assembly to a knowledge-and innovation-driven growth pattern.This transformation presents both opportuni
5、ties and challenges.On the one hand,the digital revolution offers Vietnam an effective pathway to leapfrog traditional stages of development,and the green transition is emerging as a new engine of competitiveness.Vietnam also benefits from its geographical advantagesbordering China and located at th
6、e heart of ASEAN,its comparative edge in human capital,and a strong legacy of institutional reform.On the other hand,Vietnams productivity lags behind that of regional peers,with its workforce still concentrated in low-productivity sectors.The demographic dividend is narrowing,gradually eroding its