Vietnam Economic Renovation Policy and Industrialization
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Abstract
This study aims to investigate Vietnam economic renovation policy, Doi Moi, and its effects on Vietnam’s industrialization by applying the New Structural Economics framework that focuses on industrial upgrading with dynamic factors of endowment and supportive soft and hard infrastructure. The Doi Moi policy has substantially changed Vietnam economy into more market-oriented. The analyses, using data from different sources and information from previous studies, show that Vietnam continuously improves its competitiveness and exports more advanced technology products compared to the past 30 years. The main problems, however, are less technology transfers and linkages to local enterprises, as well as lack of skilled labors, resulting in limiting industrialization process. There are still unequal policy implementations among state-owned enterprises, non-state domestic enterprises, and foreign invested enterprises, which are not in line with each group’s performance. Moreover, inadequate and inefficient infrastructure, both physical and institutions, impedes industrialization and results in middle-income trap in the meantime.
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สัมภาษณ์เพิ่มเติม
Ureerat Ratanaprukse, Consul-General, Royal Thai Consulate-General, Ho Chi Minh City.
Tharabodee Serng-Adichaiwit, Senior Vice President and General Manager – Vietnam, Ho Chi
Minh City Branch, Bangkok Bank Public Company Limited.
Asada Boonsrirat, Investment Coordinating Manager, SCG Vietnam Company Limited.
Trinh Nguyen Phuong, Assistant to Investment Coordinating Director, SCG Vietnam Company
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Suwicha Boonsupa, BJC International Business Division,Berli Jucker Public Company Limited.
Nguyen Thi Tue Anh, Vice President, Central Institute for Economic Management (CIEM),
Ministry of Planning and Investment, Hanoi.
Ngo Minh Tuan, Deputy Director, Central Institute for Economic Management (CIEM), Ministry
of Planning and Investment, Hanoi.
Nguyen Kim-Anh, Director, Center for Information and Documentation, Central Institute for
Economic Management (CIEM), Ministry of Planning and Investment, Hanoi.
Tran Quang Tuyen, Associate Dean, Faculty of Political Economics, VNU University of Economics
and Business, Hanoi.
Hoang Khac Lich, Faculty of Development Economics, VNU University of Economics and Business,
Hanoi.
Dao Vu Phuong Linh, Faculty of Economics and Accounting, Quy Nhon University
Nguyen Thi Thuy Dung, Faculty of Economics and Accounting, Quy Nhon University