Innovation and breakthroughs in the natural resources and environment sector for sustainable development in Vietnam

Tóm tắt

Over the past 40 years, Vietnam has maintained an impressive GDP growth rate, averaging 6.37% per year, the highest in ASEAN compared to the Philippines (4.17%), Malaysia (5.34%), Thailand (4.48%), and Singapore (4.51%). This achievement reflects Vietnam's stability and adaptability, especially in the face of regional fluctuations. From 1985-1990, the Doi Moi (Renovation) policy helped Vietnam's GDP grow from 3.81% (1985) to 7.36% (1989) due to extensive economic reforms. Meanwhile, the Philippines faced a recession (-6.86% in 1985), while Thailand and Malaysia experienced high but unstable growth rates. From 1990-1997, Vietnam experienced rapid growth, peaking at 9.54% (1995) thanks to economic integration and investment attraction. The 1997 Asian financial crisis led to negative growth in Thailand and Malaysia, but Vietnam sustained a growth rate of 5-8% due to its relative isolation from international financial markets. From 2000-2008, Vietnam's economy boomed, achieving 6-7.5% growth after joining the WTO (2007), while ASEAN economies stabilized at lower growth rates. Despite the global financial crisis (2008), Vietnam still managed to grow at 5.66% in 2008.