Two critical and overarching dilemmas that need to be addressed today are the conflict between personal interests and the common good and the tension between short-term and long-term development. These dilemmas not only raise questions about policy but also challenge the vision and responsibility of leaders in guiding the country beyond its current development threshold toward sustainability. In its transition to a market economy since the late 1980s, Vietnam has achieved significant progress in growth and international integration. However, this developmental journey has not been smooth and has contained major dilemmas. On one hand, economic growth has created wealth and jobs while reinforcing the Government’s credibility. On the other hand, it has left behind consequences such as corruption, environmental destruction, and growing inequality. There remain contradictions in key areas such as anti-corruption, privatization, and corporate governance. For example, in the fight against corruption, leaders often face the “information dilemma”—when a lack of transparency makes it difficult to trace corrupt activities—and the “enforcement dilemma”—when law enforcement officers are both enforcers and potential subjects of investigation. Similarly, although improving economic efficiency, the privatization process also facilitates group interests to manipulate and create inequality, undermining public trust. Two critical dilemmas in sustainable development […]
Two critical and overarching dilemmas that need to be addressed today are the conflict between personal interests and the common good and the tension between short-term and long-term development. These dilemmas not only raise questions about policy but also challenge the vision and responsibility of leaders in guiding the country beyond its current development threshold toward sustainability. In its transition to a market economy since the late 1980s, Vietnam has achieved significant progress in growth and international integration. However, this developmental journey has not been smooth and has contained major dilemmas. On one hand, economic growth has created wealth and jobs while reinforcing the Government’s credibility. On the other hand, it has left behind consequences such as corruption, environmental destruction, and growing inequality. There remain contradictions in key areas such as anti-corruption, privatization, and corporate governance. For example, in the fight against corruption, leaders often face the “information dilemma”—when a lack of transparency makes it difficult to trace corrupt activities—and the “enforcement dilemma”—when law enforcement officers are both enforcers and potential subjects of investigation. Similarly, although improving economic efficiency, the privatization process also facilitates group interests to manipulate and create inequality, undermining public trust. Two critical dilemmas in sustainable development […]
Two critical and overarching dilemmas that need to be addressed today are the conflict between personal interests and the common good and the tension between short-term and long-term development. These dilemmas not only raise questions about policy but also challenge the vision and responsibility of leaders in guiding the country beyond its current development threshold toward sustainability. In its transition to a market economy since the late 1980s, Vietnam has achieved significant progress in growth and international integration. However, this developmental journey has not been smooth and has contained major dilemmas. On one hand, economic growth has created wealth and jobs while reinforcing the Government’s credibility. On the other hand, it has left behind consequences such as corruption, environmental destruction, and growing inequality. There remain contradictions in key areas such as anti-corruption, privatization, and corporate governance. For example, in the fight against corruption, leaders often face the “information dilemma”—when a lack of transparency makes it difficult to trace corrupt activities—and the “enforcement dilemma”—when law enforcement officers are both enforcers and potential subjects of investigation. Similarly, although improving economic efficiency, the privatization process also facilitates group interests to manipulate and create inequality, undermining public trust. Two critical dilemmas in sustainable development […]
HCMC - The 10th HCMC People's Council convened its 20th session today, December 9, outlining strategies to accelerate economic and social development in 2025.
The...
To push forward its three strategic breakthroughs in institutions, infrastructure, and human resources, with a particular focus on strategic transportation and energy infrastructure, Vietnam...
Q3-2024 economic growth was above expectations. Where did the momentum come from? Can this trend be sustained?
Strong recovery in industry and construction
Vietnam’s Q3-2024 GDP...
HCMC - Building on the positive performance in the past nine months, the Ministry of Planning and Investment has presented an optimistic growth scenario...