Практика Shadowing: Upper-middle-income status: The start of a new journey | Vietnam Today - Изучайте разговорный английский с 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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Сценарий: Разговор о экономике Вьетнама

В видео разбирают важный этап развития Вьетнама — переход в категорию стран с вышестоящим средним уровнем дохода. Диалог между экспертами охватывает достижения, вызовы и планы на будущее, используя профессиональную, но понятную лексику. Это отличная возможность для практики аудирования и репликации речи на английском, особенно если вы изучаете экономику или хотите улучшить навыки разговора на актуальные темы.

Полезные словосочетания и выражения

  • Middle-income trap — "ловушка среднего дохода" (ключевое понятие в экономике, обозначающее задержку в развитии).
  • Macroeconomic stability — "макроэкономическая стабильность" (важная характеристика успешной экономики).
  • Foreign investment — "иностранные инвестиции" (часто упоминается в контексте роста экономики).
  • Export performance — "результаты экспорта" (оценка эффективности внешней торговли).
  • K-shaped economy — "экономика в форме буквы K" (неравномерное распределение доходов).

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