This new research from the McKinsey Global Institute and McKinsey and Company in Vietnam provides a perspective on the challenges and opportunities facing the Vietnamese economy over the next decade. The findings are based on MGI analysis, and many interviews with, among others, the World Bank, the Asian Development Bank, and the executives of 20 companies including Vietnamese businesses and multinational corporations operating in Vietnam. The analysis draws on MGI’s micro-to-macro analysis of more than 20 countries and 30 industry sectors over the past two decades.