Can Vietnam Become the Next Japan?

Vietnam's economic miracle is mirroring that of East Asia's growth story. Will Vietnam become the next Asian tiger?

Narrated by Tom McKay
Video Edited by Iyanbriandi

Brought to you by the Behind Asian Team.

[BehindAsia]

Do you think Vietnam is the next Asian tiger? Let us know down below!

[ricklaw]

Been on frequent business trip to Vietnam for the past 5 years excluding pandemic period. I felt alittle let down on the infrastructure development of Metro and road widening. The government needs a more holistic approach and planning to reform HCMC and Hanoi to become world class city. It is happy to see foreign investment that brings economy growth to Vietnam, but Vietnam needs to ride on this wave to transform the country. China did a remarkable good job in term of roads, train system, bridges. This enable to rapid connect network between cities and drive connectivity of people and business. Bangkok and Jakarta have failed in their public transport system. Hope Vietnam HCMC and Hanoi will make a different. I like Vietnam very much and look forward to a cleaner and better public transport conncted Vietnam in the main cities.

[lilbear]

Rich : enough. But so much happiness. Money and happiness must be balanced.
All people, including the poor, mountainous people, remote islanders, and ethnic minorities, etc... are supported to find jobs, study, and have good health care. No one is left behind. Everyone's life is always progressing. That is our goal.

[ramimami]

Vietnam will not become next Japan. Let Vietnam be Vietnam..

[mjasmin]

Vietnam is vietnam with its own unique way to develop and sustainable. As a Vietnamese we dont want vietnam develop as japanese's way. We want develop economic with the retain of traditional culture, solid society and hapiness people while japanese lost all of them, an depressed society

[VincentChia_online]

Interesting insights. One key area Vietnam has to invest which wasn’t mentioned is Education.

[Himizu]

Vietnam can reach above GDP per capita 12.000 dollars for sure like Malaysia, but not sure if they can reach over 25.000 dollars. They should have global companies to do so while maintaining enough birth rate like Taiwan, Korea and Japan

[bichsbanhbaos]

Trung Quốc, Hàn Quốc, Nhật Bản, Triều Tiên, Việt Nam là những nền văn hóa á Đông ( Khổng Tử nho giáo đặc trưng. Họ chăm chỉ và thông minh, nếu có cơ hội họ phát triển rất nhanh. Nếu Triều Tiên 🇰🇵không bị cấm vận, và Việt Nam không bị chiến tranh và cấm vận đến những năm 2000, thì 2 quốc gia này cũng nằm trong nhóm nước phát triển rồi.chuyện tương lai không ai biết trước điều gì.

[akob]

Nothing is complicated as long as Vietnamese people know how to obey the law at least as much as the Japanese.

[KiênHồ-qf]

I am Vietnamese, I don't want Vietnam to become Japan. I think Vietnam is relatively good now, there is no need to turn it into Japan

[ahhhhhhhhhhhhhhhhhh]

The irony is that Japan is building the first metro line in HCMC and it's been delayed for 12 years now and still not open. How will Vietnam ever develop first world infrastructure like China did at the pace it's on. It's done an amazing job at improving the lives of the poor and becoming an export powerhouse but it sucks at developing big infra projects. And now it's growth seems to be moderating as it's heavily dependent on exports meaning a economic decline in the West impacts it more than other countries. And the video compared total GDP, asking when VN can reach 4T. But that's a pointless number, Japan is about 25% higher population. VN's per capita GDP wld need to increase 8x to reach Japan's current levels.

[bichsbanhbaos]

Trong khi người già ở Hàn Quốc, Trung Quốc, Đài Loan đi du lịch khắp nơi, thì người già ở Nhật Bản vẫn đang làm việc cho đến chết, cô đơn lúc về già, chết không ai hay biết. Thì giống Nhật Bản để làm cái gì 🤔🤔

[anhlam]

Vietnam is Vietnam. The country will choose it's own path to growth which the government currently focused on Artifical Intelligence, Semiconductor (FPT), Information and communication Technology/ICT ( Viettel), electric vehicle (VinFast) For global brands, people around the world at least know Pho (Food) and VinFast (Electric Car).

[williamchen]

Hanoi and Ho Chi Minh City (Saigon) will play as an important commercial centres for developing Vietnam's economy. Starting from 2018, this country has drastically developed, which is the result of a smart government and cooperation from hardworking citizens. Vietnam is a Southeast Asian country, but has East Asian mindset.

[_nminh_]

I am Vietnamese. Though I really want your country could thrive like Japan, but that day is far-fetched.
It's true that we have a potential, creative labor force and natural resources, but the productivity is very low. As I observed, many young people yet have an industrial working style, lack discipline in work (for example they skip the job without informing the boss or are unable to follow the detailed criteria the manager requires, ....), and can't suffer pressure like in Japan. So no matter how young we are, and how many resources we have....all are still low-quality.

[trungnguyen]

Nhật Bản là một nước Công Nghiệp phát triển từ những năm 1950, đến nay Nhật Bản đã có rất nhiều tập đoàn và thương hiệu nổi tiếng trong đó có Công Nghiệp ô tô, Điện tử, bán dẫn…. Nhật bản nằm ở vị trí không thích hợp để phát triển nghành Nông nghiệp cũng như Du lịch, Trong khi đó VN lại nằm vị trí cận xích đạo, cơ bở biển dài và nhiều đồng bằng rộng lớn . Việt Nam có thể sẽ giầu như Nhật nếu tính theo GDP đầu người vào một năm nào đó ( 2045-2050…) nhưng Việt Nam sẽ là một nước phát triển theo hướng đa dạng hơn, cả về Công nghiệp ô tô, điện tử, bán dẫn, khai thác khoáng sản giầu mỏ, đất hiếm đến công nghiệp du lịch- đánh bắt, nuôi trồng thuỷ hải sản và nghành Nông nghiệp tiên tiến…. Nói chung là VN nếu là một nước phát triển như Nhật thì Việt Nam phát triển đa dạng nghành nghề hơn.

[afizi]

and about the birthrate issue, its like a virus that can make east asia and southeast asia people down and down cause the trend of married is changing, the young man and girl also more oportunity at they work and lifestyle they spend so long and also the living of cost is so high and so many factor that happens that will make you fell hard

[ditsygirl]

Vietnam needs to grow consistently for the next 20 years, and also upgrade their economy to an advanced economy in order to join other advanced economies in Asia like Japan, Korea, Taiwan, Singapore and Hong Kong.

[DangNguyen-xxzi]

Please stop with the "Vietnam will be the next X". Vietnam shouldn't copy rich nations at the cost of our culture. I've been living in Singapore for a while, and it's a prime example of what happens when a country pursues wealth at all cost. A once vibrant city reduced to a soulless husk where there's no culture left but money, money and money.

[srinathradhakrishnan]

I wish to see Vietnam becoming another Asian Tiger. The travesty their people underwent under the hands of the French and later the Americans is indescribable and yet here they are today, making strides and superb progress. What a remarkable people, the Vietnamese.