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Vietnam’s Post-WTO Industrial Development: Strategies and Realities

In: Southeast Asia beyond Crises and Traps

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  • Mai Fujita

    (Institute of Developing Economies)

Abstract

This chapter examines the progress of Vietnam’s industrial development, which is vital for the country’s sustained economic growth. The analysis of the manufacturing sector as a whole and firm-level case studies find a stark gap between strategies and realities. Despite varieties of policy interventions made, actual transformation of industries has been driven largely by market forces. This market-led mechanism has worked relatively well in developing labour-intensive industries. However, Vietnam’s endeavours toward the next stage of industrial development likely require a more targeted approach for channelling available resources and coordinating different players. To this end, Vietnam should make effective use of international economic integration to deal with key obstacles to reforms, which are deeply embedded in its political economy structure.

Suggested Citation

  • Mai Fujita, 2017. "Vietnam’s Post-WTO Industrial Development: Strategies and Realities," Studies in Economic Transition, in: Boo Teik Khoo & Keiichi Tsunekawa & Motoko Kawano (ed.), Southeast Asia beyond Crises and Traps, chapter 4, pages 101-130, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-3-319-55038-1_4
    DOI: 10.1007/978-3-319-55038-1_4
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