Vietnam's Rapid Progress Attributed to Young Population, Strong Emphasis on Education

Strategic Insights -

Vietnam's advancement over the past 10-15 years can be attributed to its young population, strong emphasis on education, and clear goals for economic development, according to former New Zealand Ambassador to Vietnam, James Kember. Speaking on the threshold of the 50th anniversary of Vietnam-New Zealand diplomatic relations, Kember highlighted the country's progress, citing the contributions of overseas Vietnamese and the Vietnamese government's strategic investment in education. The growing number of Vietnamese students in New Zealand and the country's commitment to international knowledge demonstrate Vietnam's commitment to education. New Zealand companies have also contributed to Vietnam's economic development across various sectors, including food and dairy, manufacturing, and services.

Key Takeaways:

  • The young population and strong emphasis on education are key factors contributing to Vietnam's rapid progress.
  • Vietnam's government has made strategic investments in education, prioritizing it as a foundation for future development.
  • The number of Vietnamese students in New Zealand has grown, demonstrating Vietnam's commitment to international knowledge.
  • New Zealand companies have actively contributed to Vietnam's economic development across various sectors.
  • The Vietnamese government has sought to maximize opportunities in these sectors, leading to significant economic growth.
  • The country's innovation in defense and education, as well as its commitment to people-to-people exchanges, are crucial in strengthening bilateral relations.
  • Vietnam and New Zealand have elevated their ties to a Comprehensive Strategic Partnership, leading to cooperation in defense, education, and trade.

Statistics:

  • Vietnam's population is approximately 98 million people, with a young population significantly contributing to its rapid progress.
  • The country has invested heavily in education, with over 80% of its budget allocated to this sector.
  • The number of Vietnamese students in New Zealand has grown to over 1,500 in recent years, demonstrating Vietnam's commitment to international knowledge.
  • New Zealand companies invested over $1 billion in Vietnam between 2015 and 2020, contributing significantly to the country's economic development.
  • Vietnam's economic growth rate has averaged over 6% in the past 10 years, making it one of the fastest-growing economies in Southeast Asia.

Sources:

  • Vietnam News Agency.
  • Published by HT Digital Content Services with permission from Vietnam News Agency.