Pakistan is exploring how to transform its economy by learning from Viet Nam’s remarkable export-led growth. UNDP in Pakistan and Viet Nam recently co-facilitated a knowledge exchange during Federal Minister Ahsan Iqbal’s visit to Viet Nam, bringing together experts to discuss lessons from Viet Nam’s economic journey. Over the past three decades, Viet Nam increased its exports from USD 3 billion to over USD 400 billion through consistent reforms, investments in human capital, rural development, and integration into global markets. Early progress relied on labor-intensive industries and education, while later waves of investment and innovation expanded manufacturing, electronics, and services.
For Pakistan, the key takeaways include the importance of peace, stability, and continuity as foundations for sustained growth. The discussions emphasized translating macroeconomic stability into tangible benefits for citizens, strengthening local governance, and aligning public investment and skills development with the Sustainable Development Goals (SDGs). Both countries also considered challenges such as balancing rapid growth with environmental sustainability, effective decentralization, and preparing for technological and climate disruptions.
Minister Iqbal highlighted Pakistan’s goal of boosting export performance, noting that consistent reforms and political and economic stability are essential to unlock the country’s potential. For Viet Nam, the dialogue provided an opportunity to reflect on transitioning from labor-intensive production toward higher-value, innovation-driven growth.
The exchange reinforced the shared commitment of both countries to align economic strategies with human development and resilience. It also demonstrated the value of South-South cooperation, where shared experiences and expertise can accelerate sustainable progress for developing nations.
