Vietnam is stepping into a new era of growth, propelled by a firm resolve to overcome challenges and achieve lasting prosperity, said Party General Secretary To Lam during a recent discussion at the Ho Chi Minh National Academy of Politics. In addition to efforts to break free from the middle-income trap, the country must also prepare for the post-golden population era to maintain high economic growth. It is crucial to prioritize the development of a skilled workforce, strengthen supporting industries, improve infrastructure, and carry out institutional reforms to attract investment in digitalization, high technology, and other value-added sectors. This is vital before the country’s golden population era—where the working-age population is twice the size of the dependent population—comes to an end. As the era of investments oriented towards labor-intensive industries has waned, Vietnam must urgently focus on training a high-quality workforce to sustain economic growth. When the golden population era draws to a close Vietnam is a top destination for South Korean investors, driven by its competitive advantages, according to the leadership of the Korea Chamber of Commerce in Vietnam (KoCham). However, many businesses, both from South Korea and other countries, are concerned about the future as Vietnam’s golden population […]
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