Vietnam's Economy: The Debt Miracle

Vietnam boasts one of the world's most rapidly expanding economies, but there is one key area that distinguishes it: national debt.

Narrated by Daniel
Video Edited by Iyanbriandi

Brought to you by the Behind Asian Team.

[ShaqItGood]

Visited recently and really amazed how the country is developing. They even managed to preserve their historical sites despite rapid development. This is what we failed to do in the Philippines. Proud if you Vietnam!

[Paul-in-Viet-Nam]

Thank you for this video. I've been in Viet Nam for the last five years and have notice a LOT of development. This country is growing in astronomical ways. New housing and infrastructure construction is happening everywhere. Their fight against corruption is public and keeping the country strong. On 24 October 20023, 42 head deputies and countless subordinates were prosecuted by the VN government for corruption.

[Rooftop_Coreano]

Stayed in Vietnam for a month and absolutely loved it! I noticed full of young people with fast growing economy. I see huge potential in Vietnam :)

[jummalinio]

I am a British citizen I moved to Vietnam 5/6 years ago to work … it was easy to work and get visas … I got married to a Vietnamese lady pretty much 6 months into my stay…. Now it’s been over 4 years of marriage and 3 kids later I am so glad it was the best decision ever … my wife cooks cleans is half of my body weight I weigh 90kg we have a full time live in nanny to help take care of the kids…. Beer costs less than 50 cents a can … and the economy is booming … my kids are dual citizens …. The weed is green and sticky icky I can truly say it’s tropical 27-30 degrees outside all day everyday … possibly a heaven on earth 🌏

[BehindAsia]

Vietnam's economy maintains remarkably low levels of debt for several compelling reasons. What factors do you believe contribute to this impressive achievement? Let us know down below!

[bluequasar]

I came back to Vietnam after 2 years, only 2 years but every street, every road, every building has completely changed, they growing really fast

[khanhkhanh]

I'm really want to say thank you to the country's talented managers, an achievement worth being proud of.

[phanhuyduc]

No country in the World have good to great relationship with US, EU, China, Russia, India, Japan, Korea, even Cuba and North Korea, at the same times. Vietnames dilomacy is one of the best in the world and helps us open up a lot of opportunities

[huunamke]

Mình làm bên lĩnh vực logistics nhận thấy những năm gần đây sản lượng xuất nhập khẩu của Việt Nam tăng khá mạnh đặc biệt trong lĩnh vực hàng không.mình thì luôn phải làm cả ngày lễ và chủ nhật hoạt động hết công suất. Vì mình còn trẻ nên cố gắng vì tương lai sau này 😅

[nchedhn]

I believe in Vietnam's future but they have a long way to go, to improve infrastructure is vital, water and electricity supply must be assured as industrial needs cannot be compromised, as for now they need to build new airports to cater to the growth of the tourism industry as well as to accommodate more landings from airlines, the transport sector needs to improve immensely as traffic jams are a common sight which hinders productivity, well that's my personal observation and hope that Vietnam will succeed.

[hikoonthego]

To those who oppose the Vietnamese government:

Perhaps you forgot that only by the end of 2019, the current Vietnamese government had to replace the Republic of Viet Nam (VNCH) to fully pay for the debt of $147 million to the US government during the war years?...that was just 4 years ago.

And right after 2019 is the time when the Covid pandemic takes place...

Vietnam's current growth rate is thanks to the government's smart domestic policy and the hard work of the Vietnamese people - That cannot be denied.

[ThuyLe-dmex]

Mọi người có thể có nhiều tranh cãi xung quanh các số liệu vì mỗi vấn đề đều có nhiều phương pháp phân tích khác nhau. Nhưng có một thực tế rõ ràng ko thể phủ nhận là mặc cho những cuộc suy thoái theo chu kỳ cả trong và ngoài nước, cuộc sống của người dân VN luôn từng bước đc nâng cao rõ rệt trong nhiều năm qua. Văn hóa, xã hội và sức khỏe tinh thần của người dân vẫn trong trạng thái ổn định hay thậm chí là lạc quan và năng động hơn 10 năm về trước. Sự phát triển của VN không phải là một cú đại nhảy vọt mà nó diễn ra âm thầm và chắc chắn nên cũng dễ hiểu khi có nhiều người ko cảm nhận đc sự khác biệt quá lớn, nhưng nếu chịu khó theo dõi tình hình xã hội trong nước và quốc tế bạn sẽ thấy VN hiện tại đang có sự ổn định và uy tín rất cao.

[thanhtuannguyen]

proud of Viet Nam. I'm vietnamese and a was amazed with this video, i didn't often watch TV show and finance show, but this video is very impress me, and I know more about VietNam's government actions
And by the way, welcome to Viet Nam everyone ! :D

[brk]

Love Vietnam!!! Just came back three weeks ago. Miss her Much!!!

[arembotate]

Vietnam GDP grew very rapidly because of the mind boggling growth of exports. Why? Because of the mass relocation of factories in China to Vietnam. Vietnam's 2022 export numbers overtook those of Malaysia, Thailand and Indonesia. It really is mind boggling. Export growth leads to GDP growth. Higher GDP means debt to GDP ratio goes down significantly. Nominally, Vietnam's foreign debt (in US Dollar) did not change that much. Just putting things in context, Vietnam's 1st quarter 2023 GDP growth is 3.3%, reason: export growth slowdown due to the economic slowdown of export destination countries (usually advanced economies).

[notchmasaimara]

Vietnamese are very hard working smart and tenacious

[hongtruong]

As a Vietnamese person, i really appreciate your video, the animation was made completely easy to understand. Besides, many comment show that some international friends are also impressive about the development of our economy. Thanks very much for your efforts. Tôi tôn trong bạn!!! 🥰

[jkijljbnj]

You mentioned the Vinashin incident, but when it happened, Vietnam's government debt was at a level of 35%. This proves that Vietnam's economic crisis occurred irrespective of the level of government debt. Also, in 2008, Vietnam faced a major economic crisis when the ratio of government debt was at 31%. However, their stock market index, the VN Index, dropped from 1200 to 200.

[GerbenWulff]

They will need to invest heavily into infrastructure though, if they want to continue to grow like this.

[Hathanhcar]

Vietnamese is the great factor contributing to the massive growth of Vietnam economy. They are dedicated, diligent, and smart. They have built the country from hope (from a country was heavily destroyed after numberous wars). If there is a lesson to learn about how Vietnamese develop their country, it’s must be a lesson of how they live and contribute their lives for Vietnam prosperity.