“Professor Andreas Hauskrecht from Indiana University, who first visited Vietnam in 1991 when the country’s GDP per capita was a modest US$140, recently returned to attend the Vietnam- US. Cooperation Forum in Hanoi. he was amazed to see that Vietnam’s GDP per capita has risen to US$4,300, calling it a testament to the country’s ” miraculous growth”.
However, the professor raised concerns about Vietnam’s ability to sustain this success. Demographic trends which previously played a pivotal role in driving economic growth, are now slowing.” – The Saigon Time
Source: Breaking Free From Middle-Income Trap
Breaking Free From Middle-Income Trap
