Eco script

Over the past decade, Southeast Asia as a region has experience significant
economic growth, averaging an economic growth rate of over 5 percent. Trade in
this region is at an all-time high and large countries around the world have
increased trade with these countries. One of these countries is Vietnam. But how
does Vietnam, a former highly centralized planned economy fit into all this?
joshespart (first 2 dot points)
Now that weve covered how Vietnam as an economy runs. What role does the
government play in providing collective and goods and services to the
community?
The government of Vietnam has multiple roles in providing the community
with a variety of collective goods and services. Due to the economic and
population growth in recent years, there has been increasing demand for these
collective goods and services such as infrastructure and community services that
exceed government resources. As a result, the government has to make choices
in regards to where to allocate money and resources. Due to rapid economic
growth, Vietnam is currently aiming to become an industrialized country by
2020, however outdated collective goods and services that do not satisfy
international standards is becoming an issue as these goods and services are in
desperate need of a rehaul in order to meet international standards.
This can be seen especially in Vietnams education sector, where the use
of outdated teaching methods and teachers that do not possess the necessary
skills and qualifications for teaching. For example teachers often focus on
discipline rather than having lively interaction between students which often
leads to stifling classroom environments. Students are required to remain
passively studious which often leads to discord between theory and practical
training. This often leads to graduates that find that information learnt in school
do not have any practical uses in the workplace. In a graduate employee survey
of 3000 graduates it was found that 26.2% are unemployed and unable to find a
job, 61% said they lacked sufficient working skill, 42% said they lacked
experience and 32% said they lacked professional expertise. This lack of
practical training leads to large amounts of inflation. Furthermore in the past the
education sector has been experiencing lack of funding. This often leads to
students being deprived of many educational opportunities. Even now, only
primary schools are subsidised by the government covering only 50% of total
tuition costs. Students often find themselves deprived of many education
oppurtunities and overall the quality of the education is quite low. As a result, the
main goal of the government is to develop an international education system and
a skilled, English proficient workforce and to meet current milestones to train and
qualify quality human resources for teaching and to nurture talent and improving
general population to maintain the growth of Vietnam.
Like education, the Vietnam government is attempting to reform
healthcare. In 2009, only 0.9% of total GDP was spent on healthcare services and
in recent years the amount of healthcare facilities has not kept up with economic
and population growth. Although overall health has improved, healthcare is still
not easily accessible to the general population. People living in rural areas and
low income earners still struggle to find access to healthcare. Doctors in rural

areas are often do not have the qualifications to meet international standards
and are equipped poorly with equipment due to poor funding by the government.
Government subsidies only cover 20% of healthcare expense, the rest is to be
payed by individuals which makes it difficult for low income earners easily access
this service. Over the past few years, Vietnam has increased its expenditure on
healthcare to 6% and in May 2014, the World Bank provided Vietnam with a 106
million US dollar credit for this cause. The Vietnam government aims to reform
the healthcare sector, improving both overall quality as well as accessibility.
Other roles the government plays include the provision of infrastructure
and welfare. The Vietnamese government places significant investment in
improving poverty and hygiene. Due to economic growth poverty in Vietnam has
been cut back drastically and people have greater access to water and sewerage
systems. In recent years, 82% of the rural population has access to hygienic
water, 60% of rural households have hygienic latrines, 90% of schools are
equipped with water supply and sanitation facilities and 92% of healthcare clinics
are equipped with water supply and sanitation facilities. Improving infrastructure
has also become one of the main goals of the Vietnamese government. Vietnams
rapid growth has led to the necessity of large infrastructure investments that
exceeds government resources. In 2015, total spending is estimated to reach 25
billion which amounts of 15% of total GDP and by 2025 it is expected to reach 56
billion. Vietnam has received funds from various countries for infrastructure one
of which being Australia who contributed 136 million Australian dollars.
Overall, Vietnams provision of collective goods and services to the
community has improved drastically. People have more access to more quality
goods and services and as a result should experience greater living standards in
the future.
Damos PART (DOT POINT 4)
As you can see, the government plays a significant role in the provision of goods
and services to the community. However rapid
SOMEONES PART (DOT POINT 4)

Overall, Vietnam as an economy has made significant progress in becoming a

major part of the global economy. With the rehaul of various sectors and
addressing of issues that face the countries, Vietnam will inevitably continue
growing as an economy. Undoubtedly Vietnam will become a more developed
countryin thefuture.