Successes and Failures of the Economic Transition in Vietnam Cover Image

Transformacja gospodarcza w Wietnamie – przebieg i efekty
Successes and Failures of the Economic Transition in Vietnam

Author(s): Eugeniusz Gostomski, Tomasz Michałowski
Subject(s): Social Sciences, Economy, National Economy, Sociology
Published by: Wydawnictwo Uniwersytetu Jagiellońskiego
Keywords: Economic Transition; Vietnam

Summary/Abstract: The dramatic economic and social situation in Vietnam in the mid-1980s had forced the communist government of that country to launch in 1986 the program of economic reforms. The reforms under the name of Doi Moi aimed to transform a state-controlled planned economy into a “socialist-oriented market economy”. The success of economic reforms initiated under Doi Moi is evident. Over the last 25 years, Vietnam has become one of the fast-growing countries in the world. An outstanding progress in reducing poverty has been reported. However, Vietnamese economy still faces a series of problems. State-owned enterprises are poorly managed and the banking system is underdeveloped. In the paper, the Authors present the process of economic transition in Vietnam and its effects.

  • Issue Year: 2014
  • Issue No: 06
  • Page Range: 110-122
  • Page Count: 13
  • Language: Polish