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Luck, Policy or Something Else Entirely? Vietnam’s Economic Performance in 2009 and Prospects for 2010

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  • Adam J. Fforde

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Abstract

Vietnam’s economic performance in 2009 is seen by the Vietnamese government and representatives of the Western donor communities as good, with the effects of the global financial crisis relatively mild. The paper notes a lack of contestation of these mainstream views and locates them within an assessment of major trends in 2009, and medium-term issues. Particular focus is placed upon the policy implications of rural development and the need for a strong rationalisation of the state sector. Remarks upon the political economy of change then permit comments upon interactions between economic performance and gathering social and political concern with the political challenges of transition to so-called ‘middle income’ status, which in many countries has posed novel and tricky problems of adjustment, often requiring major social and political adjustments that have not always been successful. The paper concludes by suggesting that, as in the past, Vietnam’s style of change finds some things easy and others hard, and that this has its reflection in economic policy and performance.

Suggested Citation

  • Adam J. Fforde, 2009. "Luck, Policy or Something Else Entirely? Vietnam’s Economic Performance in 2009 and Prospects for 2010," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 28(4), pages 71-94.
  • Handle: RePEc:gig:soaktu:v:28:y:2009:i:4:p:71-94
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    File URL: http://hup.sub.uni-hamburg.de/giga/jsaa/article/view/171/171
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    References listed on IDEAS

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    1. Adam J. Fforde, 2008. "Vietnam’s Informal Farmers’ Groups: Narratives and Policy Implications," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 27(1), pages 3-36.
    2. Henrik Hansen & John Rand & Finn Tarp, 2009. "Enterprise Growth and Survival in Vietnam: Does Government Support Matter?," Journal of Development Studies, Taylor & Francis Journals, vol. 45(7), pages 1048-1069, August.
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    Cited by:

    1. Jörg Wischermann, 2010. "Civil Society Action and Governance in Vietnam: Selected Findings from an Empirical Survey," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 29(2), pages 3-40.

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