Trade reform in Vietnam : opportunities with emerging challenges
AbstractIn 1986 Vietnam initiated a transition from a centrally planned economy to a market-oriented economy where the government would keep playing a leading role. These renovation (doi moi) policies were successful at generating economic growth and reducing poverty. In the ten-year socioeconomic strategy endorsed by the Ninth Party Congress in April 2001, the authorities further articulated their development objectives in terms of economic growth and poverty reduction. To reach these objectives, the government indicated that its structural reform priorities were to change Vietnam's trade and financial policies, liberalize the climate for private investment, increase the efficiency of public enterprises, and improve governance. The author argues that the pace of implementation of trade reform-which has been impressive so far-is raising new challenges. On one side, fast liberalization of trade reform may soon conflict with the slow pace of implementation of other reforms, including restructuring of state-owned enterprises and state-owned commercial banks. On the other side, Vietnam would greatly benefit from fast implementation of trade reform and particularly fast accession to the World Trade Organization (WTO), especially after China's recent WTO accession. Auffret concludes that implementation of trade reform will be a testing ground to reveal the extent of Vietnam's commitment to a market-oriented economy.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 3076.
Date of creation: 30 Jun 2003
Date of revision:
Environmental Economics&Policies; Trade Policy; Rules of Origin; Economic Theory&Research; Payment Systems&Infrastructure; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; World Trade Organization; Economic Theory&Research; Environmental Economics&Policies; Trade and Services;
Find related papers by JEL classification:
- TF0 - - - - - -
- FUN - International Economics - - - - -
- OPE - Economic Development, Technological Change, and Growth - - - - -
- ADM - General Economics and Teaching - - - - -
- FEE - International Economics - - - - -
- INC - Health, Education, and Welfare - - - - -
- AND - General Economics and Teaching - - - - -
- EXP - Macroeconomics and Monetary Economics - - - - -
- ACC - General Economics and Teaching - - - - -
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-16 (All new papers)
- NEP-SEA-2004-09-12 (South East Asia)
- NEP-TRA-2004-09-12 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ianchovichina, Elena, 2001.
"Trade Liberalization in China’s Accession to WTO,"
Journal of Economic Integration,
Center for Economic Integration, Sejong University, vol. 16, pages 421-445.
- Ianchovichina, Elena & Martin, Will, 2001. "Trade liberalization in China's accession to the World Trade Organization," Policy Research Working Paper Series 2623, The World Bank.
- Martin, Will, 2001.
"A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area,"
Journal of Economic Integration,
Center for Economic Integration, Sejong University, vol. 16, pages 545-567.
- Fukase, Emiko & Martin, Will, 1999. "A Quantitative evaluation of Vietnam's accession to the ASEAN Free Trade Area," Policy Research Working Paper Series 2220, The World Bank.
- Ianchovichina, Elena & Walmsley, Terrie, 2003.
"The impact of China's WTO accession on East Asia,"
Policy Research Working Paper Series
3109, The World Bank.
- Elena Ianchovichina & Will Martin, 2004.
"Impacts of China's Accession to the World Trade Organization,"
World Bank Economic Review,
World Bank Group, vol. 18(1), pages 3-27.
- Ianchovichina, Elena & Martin, William, 2003. "Economic impacts of China's accession to the World Trade Organization," Policy Research Working Paper Series 3053, The World Bank.
- Prema-chandra Athukorala, 2005.
"Trade Policy Reforms and the Structure of Protection in Vietnam,"
Departmental Working Papers
2005-06, The Australian National University, Arndt-Corden Department of Economics.
- Prema-chandra Athukorala, 2006. "Trade Policy Reforms and the Structure of Protection in Vietnam," The World Economy, Wiley Blackwell, vol. 29(2), pages 161-187, 02.
- Pham, Hung T, 2006. "Rural Nonfarm Employment Under Trade Reform Evidence From Vietnam, 1993-2002," MPRA Paper 6476, University Library of Munich, Germany.
- Mani, Muthukumara & Jha, Shreyasi, 2006. "Trade liberalization and the environment in Vietnam," Policy Research Working Paper Series 3879, The World Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If references are entirely missing, you can add them using this form.