The Development Academy of the Philippines (DAP), as the focal organization for the APO Center of Excellence on Public-Sector Productivity, curates and analyzes datasets to provide insights into the governance landscape of its member economies. This edition highlights Vietnam’s public sector.
According to the U.S. Department of State’s 2024 Investment Climate Statements, Vietnam has seen notable economic growth, with GDP projected to expand by 7.4% in 2024. However, public debt is rising, with estimates suggesting it could reach 40% of GDP, placing pressure on fiscal management. The government’s commitment to public investment and infrastructure development remains crucial, especially considering the ongoing need for transportation and urban infrastructure modernization. Furthermore, as Vietnam grapples with rising inflation and a fluctuating currency, there is an increasing emphasis on enhancing transparency and accountability in public administration. Efforts to strengthen local governance and improve public service delivery are vital for addressing citizens’ needs, particularly in rural areas.
