Vietnam’s Post-WTO Industrial Development: Strategies and Realities

Mai Fujita ()
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Mai Fujita: Institute of Developing Economies

Chapter 4 in Southeast Asia beyond Crises and Traps, 2017, pp 101-130 from Palgrave Macmillan

Abstract: Abstract This chapter examines the progress of Vietnam’s industrial development, which is vital for the country’s sustained economic growth. The analysis of the manufacturing sector as a whole and firm-level case studies find a stark gap between strategies and realities. Despite varieties of policy interventions made, actual transformation of industries has been driven largely by market forces. This market-led mechanism has worked relatively well in developing labour-intensive industries. However, Vietnam’s endeavours toward the next stage of industrial development likely require a more targeted approach for channelling available resources and coordinating different players. To this end, Vietnam should make effective use of international economic integration to deal with key obstacles to reforms, which are deeply embedded in its political economy structure.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-319-55038-1_4

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DOI: 10.1007/978-3-319-55038-1_4

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