A model design for Vietnam as an open economy in transition

Article Abstract:

A global dynamic equilibrium model framework with a flexible and an evolving structure can help in studying Vietnam in its transitional phase, when outward-oriented reforms have been undertaken. A global model context makes an economic model of Vietnam applicable to its linkages with the Asian neighbours and the world as a whole. The other features of the model are forward-looking expectations mechanisms, time-varying endogenous coefficients, and time-dependent relationships, which guarantee long-run stability. The model is discussed with respect to Vietnam's financial sector.

Models, Financial institutions, Equilibrium (Economics)

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Economic growth and transformation: Vietnam's challenge of human resource development

Article Abstract:

An effective human resource development (HRD) strategy aiming to improve the quality of Vietnam's work force should be incorporated within the country's economic growth strategy. The HRD strategy must also provide broad access to labor's participation and rewards in Vietnam's long-run development. To improve labor quality, training and education initiatives should be linked with projects that concentrate on lessening deprivation in health, nutrition, sanitation and potable water. Execution of effective public policies requires micro-level approach to investment and financing.

Analysis, Manpower policy, Labor productivity

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The price competitiveness of rice production in Vietnam: effects of domestic policies and external factors

Article Abstract:

Vietnam is moving toward a market economy, and this involves price liberalization and greater weight for the private sector in the economy. Market and official prices are no longer separate following price reform, which has had a major impact on the rice market. Real exchange rate appreciation has been the most important factor affecting rice price competitiveness. This appreciation took place at a time when the rate was already overvalued, and is likely to have a negative impact on economic growth.

Foreign exchange, Grain industry

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