Vietnam’s economy has grown rapidly since the country opened its economy
in the 1980s, and today foreign investors consistently rank it as one of the most
attractive investment destinations in Asia. The McKinsey Global Institute therefore
decided to provide a perspective on the challenges and opportunities facing the
Vietnamese economy over the next decade. In Sustaining Vietnam’s growth: The
productivity challenge, we find that although Vietnam has posted a very strong
performance over the last 25 years, today the economy faces complex challenges
that require a transition to a productivity-driven growth trajectory