Half measures
Article Abstract:
The Vietnamese Communist Party has put forward some suggestions about how the individual pursuit of wealth could be fostered. These include placing new emphasis on labour-intensive industries to create employment. However, no indication has been given about when such measures would be put into effect. Many local and foreign investors welcome the fact that the Communist Party in Vietnam at least seems to be still committed to reform. The country continues to pursue a gradualist policy, but some economists believe that more wide-reaching measures are required to balance out the impact of Asia's economic crisis.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
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Generation shift
Article Abstract:
The Vietnamese Communist Party Central Committee has made its nominations for top posts in the Vietnamese government. The choices, which will almost certainly be ratified by the national assembly, suggest that reforms will be possible. The suggested leaders are more youthful, and the decision to decentralize leadership with five deputy prime ministers, rather than three, should speed decision-making. The new Prime Minister will be 60-year-old former engineer Tran Duc Luong, and the five deputies are all well-regarded and disposed to reform.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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