Tech, Talent, and Trump: Key Risks to Vietnam’s Economic Strategy
Vietnam’s rapid economic growth and development in recent years have been driven by its industrial and technological advancements. However, risks to Vietnam’s economic strategy are emerging from multiple fronts, including shifts in the global tech landscape, a shortage of skilled talent, and the political tensions associated with former U.S. President Donald Trump’s policies. These factors could significantly impact the country’s ability to maintain its growth trajectory. In this article, we will explore these risks in more detail and discuss how they could affect Vietnam’s future.
Tech Industry Shifts
One of the major risks to Vietnam’s economic strategy lies in its dependence on the global tech industry. The world is undergoing a rapid transformation with new technologies, such as artificial intelligence, automation, and renewable energy. Vietnam’s growing role in manufacturing and technology production could be disrupted if it does not keep up with these advancements. Additionally, global supply chain disruptions—caused by factors like the COVID-19 pandemic or geopolitical tensions—could have a significant impact on Vietnam’s tech exports.