Why is Vietnam still very poor?

Nowadays, under the leadership of Western public opinion, they have been trumpeting Vietnam, saying that Vietnam is developing rapidly and has geographical advantages, population advantages and development advantages. Therefore, it is very popular for Vietnam to become the new world factory and replace China's position. Many people even advocate that Vietnam will soon become a developed country in the future. But in fact, Vietnam is still very poor now. Why is this? You may not think of it.

Vietnam's reform and opening up was only a few years later than China's. It stands to reason that if it develops quickly, its income will be basically the same as China's. But in fact, most of the population in Vietnam is still very poor. Moreover, per capita GDP is still at the bottom of the world, even lower than many African countries, and there are still a large number of poor people in cities.

Moreover, Vietnam is riddled with debt, and the national debt continues to expand. From the people to the country, everyone is poor. So what potential does this kind of Vietnam have? Stop bragging.

In fact, Vietnam's business investment promotion is not strong. Up to now, it is only concentrated in some fixed fields, making it difficult to form a strong foundation. Therefore, although Vietnam is praised very quickly by the West, it is actually still very poor.