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Thirty years of Ä?ổi Má»›i (economic renovation) reforms have catapulted Vietnam from the ranks of the world’s poorest countries to one of its great development success stories. Critical ingredients have been visionary leaders, a sense of shared societal purpose, and a focus on the future. Starting in the late 1980s, these elements were successfully fused with the embrace of markets and the global economy. Economic growth since then has been rapid, stable, and inclusive, translating into strong welfare gains for the vast majority of the population. But three decades of success from reforms raises expectations for the future, as aptly captured in the Vietnamese constitution, which sets the goal of “a prosperous people and a strong, democratic, equitable, and civilized country.†? There is a firm aspiration that by 2035, Vietnam will be a modern and industrialized nation moving toward becoming a prosperous, creative, equitable, and democratic society. The Vietnam 2035 report, a joint undertaking of the Government of Vietnam and the World Bank Group, seeks to better comprehend the challenges and opportunities that lie ahead. It shows that the country’s aspirations and the supporting policy and institutional agenda stand on three pillars: balancing economic prosperity with environmental sustainability; promoting equity and social inclusion to develop a harmonious middle- class society; and enhancing the capacity and accountability of the state to establish a rule of law state and a democratic society. Vietnam 2035 further argues that the rapid growth needed to achieve the bold aspirations will be sustained only if it stands on faster productivity growth and reflects the costs of environmental degradation. Productivity growth, in turn, will benefit from measures to enhance the competitiveness of domestic enterprises, scale up the benefits of urban agglomeration, and build national technological and innovative capacity. Maintaining the record on equity and social inclusion will require lifting marginalized groups and delivering services to an aging and urbanizing middle-class society. And to fulfill the country’s aspirations, the institutions of governance will need to become modern, transparent, and fully rooted in the rule of law.
Socioeconomic Renovation in Viet Nam: The origin, evolution and impact of Doi Moi
"The Vietnamese Communist Party has been preoccupied with renewal and reorganization for over a decade. Efforts to eliminate inefficient, ineffective and corrupt cadre; recruit younger, skilled and better educated members; improve basic party chapter-level leadership and organization; and select and train a generation of party secretaries at all levels have limped along since the late 1970s." "This book traces the evolution of the reforms of the party organization under Nguyen Van Linh. Under his leadership party reform gained a new lease on life. However, by 1988 Linh was increasingly stymied by the closing of ranks of party conservatives, the glacial speed with which the party organization responded to reform initiatives, and the extent to which ineffective leadership, poor organizing habits and venality had saturated the core of the party."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
This volume presents a concise history of how China's Communist Party (CCP) selected a new generation of leaders in late 2002 and why the individuals, in their late 40s and 50s, were so well qualified to govern China. These leaders are trying to lead China to become a regional and world power in which their people can enjoy a modest living standard and take pride in the nation's achievements. Addressed to the expert or ordinary reader, these essays see China's leaders as challenged by a new trend, visible only in the last decade, of a widening gap between the losers in society and the winners of the recent economic and political reforms. The leaders of the largest, single ruling party and state authority in the world must somehow reverse that trend if China is to survive as one nation. This volume explains they are doing that by reconfiguring their huge command economy, promoting a market economy, and undertaking gradual political reforms. It is unflinching in its discussion of how China's leaders face mounting political corruption, spreading unemployment, growing disparity of wealth and income, and a crisis of belief.
A working paper and statement for development economists studying Vietnam on the very limited statistical and research data available on that country's economy. The limitations of the data are explained and a selected bibliography on Vietnam, as well as a glossary of Socialist economic terms, are provided. The data bank is available on Excell 3.0 software from the National Centre for Development Studies for $50.

Vietnam

International Monetary Fund. Asia and Pacific Dept

Published: 2019-07-16

Total Pages: 94


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This 2019 Article IV Consultation with Vietnam highlights that gradual fiscal consolidation, strict limits on government guarantees and robust growth in recent years have led to declining government debt, expected to continue under current policies. But while there is some fiscal space, fiscal needs are large, for infrastructure, social spending and to deal with population aging. The tightening of credit growth continued in 2018; however, liquidity remained ample, aided by the strong balance of payments and tight fiscal policies. The State Bank of Vietnam has initiated plans to modernize its monetary framework with IMF technical support. The authorities’ efforts to improve economic institutions and governance continue and the fight against grand corruption has resulted in significant sentences in recent high-profile cases. Improvements in transparency and statistical systems are underway, with support from the IMF and the Financial Action Task Force’s Asia Pacific Group.