A Tale of Two Economic Policies: Why Vietnam's Doi Moi BEATS the Filipino First Policy
Last July 7, 2026, I read an article from ABS-CBN called " A tale of two economies: Why the Philippines now lags Vietnam ". I found this art above on Facebook; perhaps this is an AI art, which demonstrates the Philippines' lagging behind Vietnam. The Philippines used ot be ahead, but what happened? Speaking of ABS-CBN, I'm still reminded of how the network has the tendency to be hostile to constitutional reform. Now, putting that aside, I'd like to share an excerpt from the article, for a start: The Philippine Department of Economy, Planning, and Development (DEPDev) admitted that the Philippines has been on a slow growth pace for the past decades. Secretary Arsenio Balisacan said many ASEAN neighbors have outgrown the country, including Vietnam. “If you’re asking why we are poor, the big part of the story is the country has not grown as fast as our neighbors,” Balisacan said. Comparing the Philippines to other ASEAN neighbors, Singapore’s GNI per capita is $81,76...