Print | Back

Skip to Content

Support functions

A teenager wears torn rubber boots in a muddy local market in Bac Ha, Viet Nam. As of 2005 figures, half the world population—more than 3 billion people–is estimated to live on less than USD 2.50 a day. Bac Ha, Viet Nam. UN Photo/Kibae Park.

Table of contents

Vietnam as a Role Model for Development

Vietnam’s development performance since the early 1990s has been one of the strongest in the world, following the introduction of its doi moi (‘renovation’) economic reform programme in 1986. The core of Vietnam’s economic strategy has been rapid integration into the world economy, with a diversified portfolio of exports and the attraction of direct foreign investment. This open approach has been combined with successful domestic agricultural growth and a strong, continued role for state-owned enterprises while encouraging growth of the private sector. Following an ‘East Asian’ model, Vietnam has opened its domestic market only slowly while encouraging export growth.
Publisher:
UNU-WIDER
Series:
WIDER Research Paper
Volume:
2009/30
Title:
Vietnam as a Role Model for Development
Authors:
John Thoburn
Publication date:
May 2009
ISBN Web:
1810-2611
ISBN 13 Web:
9789292302016
Copyright holder:
© UNU-WIDER
Copyright year:
2009
Keywords:
Vietnam, globalization, trade, poverty, economic reform, development
JEL:
F14, F16, I32, O53
Project:
Country Role Models for Development Success
Sponsor:
UNU-WIDER gratefully acknowledges the financial contributions to the project by the Finnish Ministry for Foreign Affairs, and the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Finnish Ministry for Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development).
Format:
online