A short and sweet overview by Vu Minh Khuong, Assistant Professor of Economics at the Lee Kuan Yew School of Public Policy, National University of Singapore, of three strengths (geographic, strategic, and demographic advantages, political stability, and human capital) and three “fundamental weaknesses” (lack of commitment to “unleashing the full impact of market forces,” inadequate attention paid to good governance, and heavy dependence on external resources). 

Does Vietnam’s impressive past economic performance coupled with its considerable strengths suggest that it has a bright future? A ‘yes’ answer depends on the national leadership’s vision, determination, and practical approach in overcoming the three fundamental weaknesses it is facing.