personal finance

The World Bank has elevated Vietnam and the Philippines to upper-middle-income status—but now they face ‘a far more demanding phase of development’

Fortune·July 3, 2026

Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.

This article was sourced from Fortune. Read the full article at the original publisher.

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The World Bank has elevated Vietnam and the Philippines to upper-middle-income status—but now they face ‘a far more demanding phase of development’ — Finance News — Guided Personal Finance