Like many emerging economies, Vietnam’s economy has undergone major shifts for a quarter of a century. On the one hand, this period is very short compared to the history of the capitalism and the market economy in Western – now mostly developed – countries. On the other hand, 25 years is long enough for many important changes to have taken place in Vietnam’s once war-stricken economy.
The current time period is a crucial turning point for Vietnam. At present, policy-makers and economists see mounting pressures on Vietnam’s economy and tend to agree that...


