Many in the western hemisphere still view Vietnam through antiquated lenses. But while a visit to a rural area of Vietnam may well seem like a step back in time, younger generations and the powers who be in urban Vietnam have their sights firmly set on the future and the key role which their nation aims to play in it. Over the last thirty years, the country has moved from being one of the world’s poorest regions, which had been devastated by decades of conflict, into one of the most dynamic emerging economies south-east Asia, partly due to the government’s focus on fostering the homegrown growth of technology and innovation. Hard Fork? Hard Fork. HARD FORK Despite being ruled by a communist administration, a recent Pew survey highlighted that as much as 95 percent of the Vietnamese population support free-market capitalism—a higher percentage than in any other country surveyed, including the United States. Vietnam is now one of the the fastest-growing economies in the world and if its steep upward trajectory continues, is on track to become the 20th-largest economy globally by 2050. But while the government has been a key driver of change from the top down, over the… Read full this story
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