Viet Nam: Setting the Scene

Finn Tarp

doi:10.1093/acprof:oso/9780198796961.003.0001

Viet Nam: Setting the Scene

Abstract

Viet Nam is a populous Southeast Asian economy with a particular socioeconomic and political history. At the end of the ‘American War’ in 1975 ambitions for the future were high, but despite its many potentials, the economy remained poor. International isolation played its role as did centralist policies; and the five-year plan adopted in 1976 turned out as a complete failure. Economic policies started to be reversed following economic collapse in the mid-1980s, and Viet Nam initiated its home-grown Doi Moi reform process. Accordingly, wide-ranging institutional reforms have been gradually implemented since then, including a greater reliance on market forces in the allocation of resources and the determination of prices. A shift from an economy dominated by the state and cooperative sectors to a situation where the private sector and foreign investment account for a relatively high proportion of GDP can also be noted.

Original language	English
Title of host publication	Growth, Structural Transformation, and Rural Change in Viet Nam : A Rising Dragon on the Move
Editors	Finn Tarp
Publisher	Oxford University Press
Publication date	2017
Pages	1-25
Chapter	1
ISBN (Print)	9780198796961
DOIs	https://doi.org/10.1093/acprof:oso/9780198796961.003.0001
Publication status	Published - 2017

Series	UNU-WIDER Studies in Development Economics

Keywords

Faculty of Social Sciences
agriculture
development process
household survey
poverty reduction
structural transformation
Viet Nam

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1093/acprof:oso/9780198796961.003.0001

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Cite this

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Viet Nam: Setting the Scene

Abstract

Keywords

UN SDGs

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