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Vietnam’s long-term growth performance: A comparative perspective

Axel van Trotsenburg's picture


Vietnam has achieved remarkably high and inclusive GDP growth since the late 1980s. GDP growth per capita increased three-and-a-half-fold during 1991-2012, a performance surpassed only by China. The distribution of growth has been as remarkable as its pace: the bottom 40% of the population’s share in national income has remained virtually unchanged since the early 1990s, ensuring that the rapid income gains got translated into shared prosperity and significant poverty reduction.

GDP growth, however, has been operating on a lower trajectory since 2008. This has led to questions regarding the sustainability of the growth process, and, with it, Vietnam’s ability to bounce back to about 7-8% per capita growth. Analysts have voiced concerns over declining total factor productivity growth and growing reliance on capital accumulation. Moreover, a number of competitiveness issues routinely get raised by private investors, including: a widening skills gap, limited access to finance, relatively high trade and transport logistics costs, an overbearing presence of the SOEs, and heavy government bureaucracy that makes it difficult for businesses to operate in Vietnam.

What lies ahead in Vietnam’s path towards Universal Health Coverage?

Aparnaa Somanathan's picture
Also available in: Tiếng Việt



This week, Vietnam will host the twelfth ASEAN Health Minister’s Meeting in Hanoi. Universal Health Coverage (UHC) is likely to take center-stage in discussions, both formal and informal, among the region’s policymakers. After all, the drive for UHC, backed by large increases in public spending to subsidize coverage, is one of the most uniting features of health policy in the ASEAN region today.

Vietnam is somewhat forerunner in the region, having steadily expanded health insurance coverage through the 1990s. Through the Law of Social Health Insurance in 2008, Vietnam consolidated existing health insurance programs and adopted a single payer design ahead of some other larger ASEAN countries such as Indonesia and the Philippines. Today, not only is 68% of the population enrolled in health insurance but significant public sector investments have also been made to the supply side infrastructure and health human resource capacity of Vietnam in order to meet the growing demand for health care.

Picture (not) perfect – a look behind the scenes of Small Island Developing States

Denis Jordy's picture
Stunning photos we usually associate with the Pacific Islands often overlook the reality for many who live there. Faced with natural hazards and remoteness, they are some of the most vulnerable nations in the world.
Stunning photos we usually associate with the Pacific Islands often overlook the reality for many who live there. Faced with natural hazards and remoteness, they are some of the most vulnerable nations in the world.



A picture can tell a thousand words but the stunning photos we usually associate with the Pacific Islands often overlook the reality for many who live there. Faced with natural hazards such as cyclones, droughts and earthquakes alongside geographical remoteness and isolation, Pacific Island countries, which make up over a third of small island developing states (SIDS), are some of the most vulnerable nations in the world. 
 
Already this year the Pacific region has been hit by two major disasters; Tropical Cyclone Ian in Tonga in January, followed by flash flooding in Solomon Islands in April. Both disasters had devastating impacts on the economy and livelihoods of local communities. Situated within the cyclone belt and Pacific Ring of Fire, earthquakes, tsunamis and cyclones are frequent. Around 41 tropical cyclones occur each year across the region as well as numerous earthquakes and floods.
 

Living with crime and violence in Papua New Guinea

Laura Keenan's picture
Crime constrains investment and growth, and the costs ripple throughout society.
Crime constrains investment and growth, and the costs ripple throughout society.


Last month I was interviewing participants in the World Bank’s Urban Youth Employment Project in Port Moresby, talking about the challenges that PNG’s young people face in finding work.

One issue that came up repeatedly was mobility – or the lack of it: the basic ability to travel to and from the workplace. It is no secret that parts of Port Moresby are dangerous and crime is high. There are regular stories of carjacking but public transport is also a huge risk – an issue which disproportionately affects workers coming from poorer parts of the city.

The HR Manager told me casually how she was stabbed at a bus-stop and her billum (bag) stolen; one of the reception staff was stabbed twice on a bus getting home from work. The young woman we were profiling was held up on a bus at gunpoint in the area of Two Mile.

Fighting climate change: What I Learned from WBG President and 22 Vietnamese Youngsters

Giang Huong Nguyen's picture
Also available in: Tiếng Việt
Jim Yong Kim to Vietnamese Youth: What's Your Plan to Tackle Climate Change?
World Bank Group President Jim Yong Kim listened to a group of more than 20 young Vietnamese environmental activists sharing their initiatives on fighting climate change. He challenged them to work together to build a bigger plan to both adapt to climate change and tackle the issue that Vietnam's carbon intensity will increase 20%.



“How you can live and adapt to climate change… How you can together tackle the issue of carbon intensity of Vietnam?”World Bank Group President Jim Yong Kim challenged 22 young Vietnamese environmentalists, including myself, at a roundtable discussion on the impacts of climate change to Vietnam during his visit to the country. Around that time, Vietnam and some neighboring countries were hit by typhoon Rammasun. It could have been a coincidence, but it gave us a sense of urgency and how serious the issue of climate change is.

Philippines: Why We Need to Invest in the Poor

Karl Kendrick Chua's picture
A fish vendor waits for customers in his stall in Cebu City. According to the latest Philippine Economic Update, pushing key reforms to secure access to land, promote competition and simplify business regulations will also help create more and better jobs and lift people out of poverty. ​(Photo by World Bank)



In my 10 years of working in the World Bank, I have seen remarkable changes around me. In 2004, Emerald Avenue in Ortigas Center, where the old World Bank office was located, started to wind down after 9 PM.  Finding a place to buy a midnight snack whenever I did overtime was hard. It was also hard to find a taxi after work.

Today, even at 3 AM, the street is bustling with 24-hour restaurants, coffee shops, and convenience stores, hundreds of BPO (Business Process Outsourcing) employees taking their break, and a line of taxis waiting to bring these new middle class earners home. Living in Ortigas Center today means that I also benefit from these changes.

Reflections on Indonesia’s teacher reform

Andrew Ragatz's picture
Also available in: Bahasa Indonesia


In 2005, I had the great fortune of being in Indonesia just as its major teacher reform effort was beginning to take off.  Indonesia’s parliament had passed a comprehensive law on teachers, along with its ambitious agenda. Its signature program of certification intended to dramatically improve both teacher welfare and quality.  Certified teachers would receive a doubling of salary, and certification was to require that teachers hold a four-year degree and demonstrate possession of competencies necessary to provide good quality education.
 
The key ingredients for major change seemed in place.  Good legislation, and an effort led by a dynamic champion who headed a newly established directorate in the Education Ministry, with the specific mandate of improving the quality of teachers and of educational staff.
 

Liability insurance for climate change

Connor Spreng's picture


Our response to climate change at the global level clearly needs improving. While some governments are managing to set and enforce limits on the emission of greenhouse gases, an international agreement that is both enforceable and meaningful remains elusive. Measures undertaken by private individuals and organizations, though plentiful, largely fail to connect to the political process and continue to fall short in aggregate. Is there a way to combine these public and private efforts? We think there is, as we’ve explored in a recent NZZ article and ETH blog post: a new type of liability insurance.

Looking to the insurance industry for addressing climate change is not new (see, for example, Nobel Laureate Robert Shiller’s column; the Geneva Association’s statement; and the climate change and insurance links discussed at the World Bank’s recent Understanding Risk conference). What has been lacking, however, are ideas for employing insurance instruments at scale, across national boundaries, and in a way that maximizes existing capacities and market mechanisms.

When, what, and how to survey after a disaster strikes – an experience from Tonga

Liana Razafindrazay's picture
Winny, an elementary teacher enumerating for the household survey (Uiha Island, Tonga, April 10, 2014). With the support from the Ministry of Education, 35 teachers from Ha'apai participated during the survey.

Back in March 2014, I had the opportunity to be part of a World Bank team supporting the Tongan government to develop a reconstruction policy after Tropical Cyclone Ian hit earlier this year. To implement the policy, the Ministry of Infrastructure led a series of surveys to inform housing reconstruction. This post, which does not intend to be scientific or exhaustive, is to share some of the key lessons I learned from this experience.

Damage assessments are routine in the aftermath of disasters, but they differ depending on their objectives (Hallegatte, 2012 - pdf). A rapid survey in the wake of a disaster event could help to estimate grossly the direct human and economic losses and damages. This type of survey is best to capture the amplitude and the severity of the disaster. However, such survey could present some flaws, often because the survey will be conducted in a very short time frame with minimal design. On the other hand, a survey conducted a few months after the event is best to understand better the context of the disaster. It also allows a better design and better preparation. But, equally, such survey could include biases. For instance, the time lag between the event and the survey itself could create some level of challenges. Most likely, people would have started to fix their houses or have moved away from the affected area, and that will add a layer of complexity to the survey.

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