Vietnam’s Economy in Transition: Successes and Challenges

Thomas Gottschang ()
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Thomas Gottschang: Department of Economics and Accounting, College of the Holy Cross

No 1007, Working Papers from College of the Holy Cross, Department of Economics

Abstract: Vietnam’s twentieth century economic development was interrupted by long years of destructive warfare and stunted by the distortions of central planning. During the last two decades, however, under the reform policy known as doi moi (renovation), Vietnam’s economy has made tremendous strides, establishing the institutions of a market system and dramatically improving living standards. Success has been accompanied, however, by serious challenges, some of which are legacies of the old central planning structure, while others have been largely caused by the growth of the market economy and are likely to prove very difficult to resolve.

Keywords: Vietnam; Economic Development; Comparative Economic Systems (search for similar items in EconPapers)
JEL-codes: F63 N15 O53 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2010-12
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Published in Education About Asia, Volume 15, Number 1, (Spring 2010), Pages 28-34.

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