Abstract
Since the Doi Moi comprehensive economic reforms in 1986, the normalization of diplomacy with the US, and accession to the world trade organization, Vietnam has successfully achieved several great socio-economic achievements. To transform entirely into a higher-income nation with inclusive and sustainable growth, Vietnam needs to promptly seize precious opportunities and take measures to mitigate possible risks and challenges in the context of globalization and the fourth industrial revolution. This research posed four significant risks that Vietnam certainly confronts in the next stage of development, including (1) heavy dependence on international trade and the FDI sector, (2) out of global value chain, (3) facing with cybersecurity and privacy, and (4) redundancy of low-skilled labor. Accordingly, the authors propose a sustainable development model involving three main aspects: economic – social – environmental, corresponding to the digital economy, green economy, and human resource development.
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This research is funded by the University of Economics Ho Chi Minh City.
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Nguyen, D.P., Vo, X.V., Nguyen, V.C., Mai, X.D., Duong, Q.K. (2021). Sustainable Development for Vietnam’s Economy in the Context of Globalization and Industrial Revolution 4.0. In: Quah, E., Schubert, R. (eds) Sustainability and Environmental Decision Making. Sustainable Development . Springer, Singapore. https://doi.org/10.1007/978-981-15-6093-4_15-1
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