Vibrant Vietnam report highlights business dynamism and better skills as drivers of productivity

The report discusses Vietnam's future growth quality through businesses, infrastructure, workforce skills and the green economy.

On 27 May 2020, the World Bank released Vibrant Vietnam: Forging the Foundation of a High-Income Economy, advocating productivity-led growth through innovation and efficient resource allocation.

The report recommends business dynamism, efficient infrastructure, skills and jobs, and a green economy. Competition, finance and transparent rules support firms; higher education and technical skills support productivity.

Capacity building concerns people, organizational operations and resource allocation. Managers should consider talent pipelines, efficiency and long-term sustainability together when planning development.