Mixed signals
Article Abstract:
Some international observers believe that Vietnam is now losing enthusiasm for the economic reform programme which has been running since the mid-1980s. The country is now facing serious economic problems, including growing trade and current account deficits and a rise in foreign currency debts. Indeed, there are now some calls for pressure to be put on Vietnam to improve its investment climate if business is not to go to other countries instead. However, economic growth is likely to exceed 9% in 1996, with inflation at less than 10%.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Steps in the dark
Article Abstract:
Vietnam's rulers are pleased with their success in merging market ideas to a socialist economy, but their commitment to state control may make future gains more difficult. The economy is growing 10% per year, but structural deficiencies in the legal system, bureaucracy, and physical infrastructure, and a culture of low savings and distrust of banks forebode problems. The state sector remains huge and reforms of it are dormant, while authorities try to emulate a Northeast Asian model of growth they poorly understand.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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