Growth Structural Transformation And Rural Change In Viet Nam

This work provides in-depth evaluation of the development of rural life in Viet Nam over the past decade, combining a unique primary source of time-series panel data with the best micro-econometric analytical tools available

Provides in-depth evaluation of the development of rural life in Viet Nam over the past decade, combining a unique primary source of time-series panel data with the best micro-econometric analytical tools available.

Vietnam's economy has been fundamentally changed by the policy reforms implemented in the 1980s to provide an environment that is more conducive for economic growth and social stabilization. The policy reforms have had a tremendous impact on economic activities and on all aspects of social life. The economy is presently moving from a centrally planned system largely based on public ownership to a market-oriented and mixed economy. Social structures and values have changed, and legal, institutional, and administrative systems are gradually changing as well. The reform process gives rise to exciting challenges and opportunities for development. Based largely on Vietnamese sources of data and information, this book presents an analysis of the main features of economic policy reforms in Vietnam, their socioeconomic impact, and several major theoretical and practical problems Vietnam faces on its path to development.

We study structural transformation and change in the Vietnamese economy using two Social Accounting Matrices (SAMs), one for the year 2000 and a recently compiled SAM for the year 2012. This period is of particular interest as it features an important shift in terms of more economic integration with the global economy. Several analytical approaches are taken, including comparisons and decomposition of multipliers and a decomposition of structural change. We observe significant changes in economic structure, and the results suggest that the Vietnamese economy has become internally more integrated over the period 2000-12, while moving from primary production (agriculture) towards more value adding manufacturing activities. This transformation has been broad-based and in large measure driven by external demand. We conclude that it will be challenging to sustain growth without bold moves in technological upgrading and measures geared towards even stronger internal economic integration.

Socioeconomic Renovation in Viet Nam: The origin, evolution and impact of Doi Moi

The demand for workforce skills is changing in Vietnam’s dynamic economy. In addition to job-specific skills, Vietnamese employers value cognitive skills, like problem solving, and behavioral skills, like team work. This book presents an agenda of change for Vietnam’s education system to prepare workers to succeed in Vietnam’s modernizing economy.

Three billion people live in rural areas in developing countries. Conditions for them are worse than for their urban counterparts when measured by almost any development indicator, from extreme poverty, to child mortality and access to electricity and sanitation.

Since the mid-1980s, Vietnam has experienced remarkable economic, political, and social change. This is the first study in English to focus on rural Vietnam — where nearly 80 per cent of its people live, much of its economic production occurs, and political upheavals earlier this century changed the course of history. Analyzing the impact of economic liberalization on the countryside, the contributors note that despite significant improvements in real income for most rural Vietnamese, poverty is still pronounced and socio-economic inequality appears to be growing. The poorest now appear to have less access to educational and health services. Environmental conditions also pose significant problems. Highlighting the dynamic political scene in Vietnam, the contributors also consider the interplay between national policymaking and local pressures and activity.

With the adoption of new market-oriented policies, Vietnam has transformed itself from one of the world's poorest countries during the 1980s, into an economy with one of the highest growth rates during the 1990s. Using macroeconomic and household survey data, this publication examines a range of issues including: the causes of Vietnam's economic growth and future prospects; the impact on household welfare and poverty levels, school enrolment, child health and other socioeconomic outcomes; and the nature of poverty in Vietnam and the effectiveness of government policies for poverty reduction, drawing lessons for Vietnam and for other low-income developing countries.