USAID Mission Director Joakim Parker addresses participants at an event celebrating the completion of USAID HIV Workplace, a PEPFAR-funded project. HIV and AIDS will remain the United States’ top priority in Vietnam. Photo by: USAID

 

Following rapid economic growth that resulted from reforms implemented in the 1980s, Vietnam was able to significantly reduce poverty levels from 58 percent in 1993 to just 14.5 percent in 2008. By 2010, the Southeast Asian country moved up to lower-middle-income status and seemed well on its way to meeting most of its Millennium Development Goals.

But Vietnam continues to struggle with development challenges such as inequality and poor social services. The government also has problems with corruption and weak public institutions. And while it has reached out to the private sector to help address these challenges, the current public-private relationship leaves much to be desired.

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About the author

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Aimee Rae Ocampo

In her role as editor for business insight, Aimee creates and manages multimedia content and cutting-edge analysis for executives in international development. As the manager of Development Insider, Devex's flagship publication for executive members, she is constantly on the lookout for the latest news, trends and policies that influence the business of development.


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