Shadowing-Übung: Upper-middle-income status: The start of a new journey | Vietnam Today - Englisch Sprechen Lernen mit YouTube

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The World Bank has released its 2026 income classification based on countries 2025 gross national incomes or GNI per capita.
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The World Bank has released its 2026 income classification based on countries 2025 gross national incomes or GNI per capita.
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Yes, and under the World Bank's latest classification, Vietnam is one of the six economies worldwide to move into a higher income category.
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While this is a well -deserved recognition of the country's remarkable economic achievements, it also marks the beginning of a new phase with both opportunities and challenges.
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Vietnam's GNI per capita reached $4 ,970,
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surpassing the $4 ,636 threshold required for upper middle income status under the World Bank's classification.
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The World Bank attributed Vietnam's free classification to its strong economic growth and export performance.
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During 2024 to 2025, exports expanded by more than 15%,
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while GDP grew by 7 % in 2024 and 8 % in 2025.
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So over the past years, Vietnam has consistently been one of the fastest growing economies in the region.
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supported by resilient foreign investment, surging exports and growing domestic services.
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This milestone can further help reinforce international confidence in Vietnam's long -term economic prospects
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and the country's position as a destination for investment.
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You really have transformed the country in the last 35 or 40 years.
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The main reason is the government began having sensible market -oriented policies.
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Prices were meaningful, the exchange rate was realistic, inflation dropped.
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But this milestone is only the beginning of the new journey.
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Vietnam's GNI per capita would need to nearly triple to reach high -income status
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The World Bank defies as a GNI per capita of more than $14 ,375.
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The middle -income trap has therefore become one of the toughest tests facing the economy.
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Since 1990, only 27 economies have successfully transitioned from middle to high -income status.
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This year, no economy was upgraded to the high -income category.
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The encouraging news is that Vietnam already has many of the essential ingredients in place.
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The country has a young and talented workforce, macroeconomic stability, a strategic location at the heart of Asia's growth region,
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and perhaps most importantly, a strong ambition and demonstrated willingness to reform and adapt.
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The next chapter will be defined not only by how fast Vietnam grows, but also by the quality of that growth.
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17 years after entering the lower middle income category back in 2009, Vietnam has now reached upper middle income status.
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But what does this achievement really mean?
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And what will Vietnam need to do to realize its ambition of becoming a high income economy by 2045?
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Joining us today is Head of Research Xuân Tây Cinh, Executive Director in Global Economics and Markets Research at United Overseas Bank.
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And Mr. Xuân, Vietnam has officially joined the ranks of upper middle income economies,
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development journey but as the country enters this new phase what do you see as the biggest challenges ahead?
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Okay, so what happens is there are good things and there are not so good things, so you have to watch out.
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The not so good thing or something that we need to watch out is also the cost.
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of running businesses.
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will be higher or have been rising And if the government is targeting for higher income, that means the cost of running businesses,
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the cost of hiring workers will be rising in future as well.
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Second thing that we need to watch is that while the income has been rising, it is only on an average basis.
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So it is better that the government now watch closely what is the distribution, is it benefiting only certain people,
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what they call it a K -shaped economy, a K -shaped.
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Some are doing very well, some not doing so well, right?
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It's a K -shaped.
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So we want to prevent or reduce that kind of things from developing further.
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We want to make sure that we catch them early, give them the help, the resources, the support, so that they are able to catch up with the rest of others.
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To become a high income developed nation by 2045, what should Vietnam prioritize to avoid the middle income trap and achieve sustainable long -term growth?
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Mm -hmm.
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So for the middle income track, basically what it means is that as your costs go up, the country becomes less competitive.
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What are the things that we can do?
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One is through, for example, some of this automation.
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robotics, AI that could help to increase Improve productivity.
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Second thing is through innovation.
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innovation, increase in R &D research and spending to innovate to develop more and different and more sophisticated products.
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And also, another thing that the government can do is to increase resources,
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to put in resources to upscale The workers? upskill companies.
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Another thing is to diversify the exports as we move along.
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So if he's too reliant, not diversified enough, then you are the risks are too concentrated.
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So there is a need to broaden the type of products,
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the type of sectors that Vietnam can develop.
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So these are some of the things that the government can help, together of course with the private sector,
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to overcome the possibility of getting into this middle income trap.
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Thank you, Ms. Swan, for your insights.

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Über diese Lektion

In dieser Lektion übst du das Nachsprechen (Shadowing) anhand eines Videos über Vietnams Aufstieg in die obermittelincome - Kategorie. Du wirst nicht nur wirtschaftliche Begriffe lernen, sondern auch die Artikulation von Experteninterviews trainieren, die eine klare, informative Sprache verwenden. Ideal für Fortgeschrittene, die ihre Flüssigkeit und Verständnis von komplexen Themen verbessern wollen.

Wichtige Vokabeln & Sätze

  • Middle - income trap: Die "Mittellohnfalle" – ein Zustand, in dem Länder Schwierigkeiten haben, in die Hochlohnkategorie aufzusteigen.
  • Macroeconomic stability: Makroökonomische Stabilität – ein stabiles Wirtschaftsklima mit niedriger Inflation und konstantem Wachstum.
  • K - shaped economy: "K - förmige Wirtschaft" – eine Entwicklung, bei der sich Reiche und Arme immer weiter voneinander entfernen.
  • Productivity: Produktivität – die Effizienz, mit der Güter und Dienstleistungen hergestellt werden.
  • "The next chapter will be defined by the quality of growth": "Das nächste Kapitel wird nicht nur von der Geschwindigkeit, sondern auch von der Qualität des Wachstums bestimmt."

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