ODA and Economic Development in Vietnam: An Assessment of the Transfer of Intangible Resources

Tran Van Tho and Nguyen Anh Duong

Chapter 5 in Aid as Handmaiden for the Development of Institutions, 2013, pp 124-160 from Palgrave Macmillan

Abstract: Abstract Since the start of Doi Moi (Renovation) in 1986 and especially after the market-oriented reforms in 1989, Vietnam has experienced rapid, continuous socio-economic development. The country is often cited as one of the best examples of success in the transition from an economy based on central planning to a market-oriented one. Economic growth has been high and continual, averaging over 7.4 per cent per annum in the 1990–2010 period. Poverty incidence went down from about 70 per cent at the end of the 1980s to 10.6 per cent in 2010. Exports and investment gradually became the key drivers of growth. Notably high economic growth was also evident during Vietnam’s rapid progress towards international economic integration.

Keywords: Foreign Direct Investment; Infrastructure Project; National Highway; Asian Development Bank; Construction Firm (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-02348-3_5

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DOI: 10.1057/9781137023483_5

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