4.4 • 796 Ratings
🗓️ 22 September 2024
⏱️ 18 minutes
🧾️ Download transcript
Vietnam has enjoyed more than 6% annual growth every year for the last thirty years or more, a staggering growth path, transforming one of Asia’s poorest economies into a major global trading hub. It's now one of the world’s top twenty economies.
But are there challenges ahead. A high-profile anti-corruption drive, extreme weather events, and the death of its long-term leader have raised questions about the country’s path to prosperity.
(Picture: Aerial view of Ho Chi Minh City, Vietnam, at night, showing high-rise buildings, the Landmark 81 supertall skyscraper, and transport networks. Credit: Getty Images.)
Presented and produced by Ed Butler
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0:00.0 | Hi there, I'm Ed Butler. Welcome to Business Daily from the BBC World Service. |
0:06.3 | Today on the show, the emerging economy that we're rarely talking about, |
0:10.5 | but which has enjoyed one of the economic miracles of this century. |
0:15.2 | I remember growing up, we still bought food with rationing stamps, |
0:20.4 | from walking everywhere to going around in cars, traveling abroad. |
0:25.1 | Local people's life have changed so much. |
0:27.8 | The country we're describing here is Vietnam. |
0:30.8 | It's enjoyed more than 6% average annual growth every year |
0:34.9 | for the last 30 years or more, a staggering growth path, |
0:39.4 | transforming one of Asia's poorest economies into a major global trading hub. But now we're asking, |
0:45.5 | has the advent of extreme weather and a new multi-billion dollar corruption scandal changed the |
0:52.2 | country's prospects? There are definitely structural issues that they're going to have to confront. |
0:58.1 | But I will say, having seen them solve even trickier problems over the years that they'll get there. |
1:03.9 | Vietnam, will the Asian tiger roar? |
1:07.0 | That's Business Daily from the BBC. |
1:15.2 | Okay. That's Business Daily from the BBC. One sleepy rural village somewhere in southern Vietnam. |
1:24.1 | This was my recorded impression as I crossed into the country from neighbouring Cambodia just a few years ago. |
1:32.4 | Sleepy really is the word. This is the middle of the day, a working day. |
1:37.4 | There's not a lot going on. You walk down the street here and it's just the odd passing moped and a few stray chickens. |
1:48.7 | But this picture of somnolent inactivity changed entirely when I reached Saigon, the big city, |
1:56.9 | just a few kilometres down the road. |
2:01.7 | So over the bus deck, the metro system, I'm really happy to see my Saigon is growing now. |
... |
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