IDEAS home Printed from https://ideas.repec.org/p/ris/adbewp/0056.html
   My bibliography  Save this paper

Viet Nam: Foreign Direct Investment and Postcrisis Regional Integration

Author

Listed:
  • Leproux, Vittorio

    (Sapienza University of Rome)

  • Brooks, Douglas H.

    (Asian Development Bank)

Abstract

Since Viet Nam started its transition from a centrally planned economy to a socialist-oriented market economy, many reforms have been implemented. The Foreign Investment Law signaled an important step toward Viet Nam's integration in the regional and international economic systems. The relatively low amount of foreign investment relative to other countries in East and Southeast Asia made more evident the necessity of a new set of reforms in order to compete with Asian neighbors, and principally with People's Republic of China, in the attraction of foreign direct investment. Even if foreign capital contributed in many important ways to the growth that Viet Nam has achieved since doi moi started, its impact in other areas was limited because of different problems affecting the Vietnamese economic system. This evidence underlines the need for reforms in the private sector, financial and banking sector, state owned enterprises, and trade policy. Accession to the ASEAN Free Trade Area represents an important event and a new scenario where Viet Nam will compete and cooperate with its partners. It calls for a serious analysis of the changes occurring in comparative advantages of the Southeast Asian economies after the economic crises and of the role that Viet Nam can play in the regional production network.

Suggested Citation

  • Leproux, Vittorio & Brooks, Douglas H., 2004. "Viet Nam: Foreign Direct Investment and Postcrisis Regional Integration," ADB Economics Working Paper Series 56, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0056
    as

    Download full text from publisher

    File URL: https://www.adb.org/publications/viet-nam-foreign-direct-investment-and-postcrisis-regional-integration
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kokko, Ari, 1998. "Vietnam - Ready for Doi Moi II?," SSE/EFI Working Paper Series in Economics and Finance 286, Stockholm School of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:osf:osfxxx:zxyf8_v1 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. , Aisdl, 2014. "Vietnam's Political Economy in Transition (1986-2016)," OSF Preprints 2wxdg, Center for Open Science.
    2. Adam Fforde, 2002. "Resourcing Conservative Transition in Vietnam: Rent Switching and Resource Appropriation," Post-Communist Economies, Taylor & Francis Journals, vol. 14(2), pages 203-226.
    3. Mai, Nhat Chi, 2015. "Лимиты Кредитования Как Инструмент Борьбы С Кредитной Цикличностью: Опыт Вьетнама," OSF Preprints p8y39, Center for Open Science.
    4. Quan-Hoang Vuong, 2014. "Vietnam’s political economy: a discussion on the 1986-2016 period," Working Papers CEB 14-010, ULB -- Universite Libre de Bruxelles.
    5. Zahid Shahab Ahmed & Musharaf Zahoor, 2015. "Afghanistan in SAARC," South Asian Survey, , vol. 22(2), pages 171-188, September.
    6. Vuong, Quan-Hoang, 2014. "Vietnam's Political Economy in Transition (1986-2016)," OSF Preprints 48kus, Center for Open Science.
    7. Lyushyna, Yanina, 2017. "Vietnam in ASEAN: International and Economic Transformation," OSF Preprints sxzfw, Center for Open Science.
    8. Tran Nhuan Kien & Yoon Heo, 2008. "Doi Moi Policy and Socio-Economic Development in Vietnam, 1986–2005," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 11(1), pages 205-232, March.
    9. Vuong, Quan-Hoang, 2017. "The Vietnamese financial economy: reforms and development, 1986-2016," OSF Preprints g7e6t, Center for Open Science.
    10. James A. Giesecke & Tran Hoang Nhi, 2009. "Sources of Growth and Structural Change in the Vietnamese Economy, 1996–2003: A Computable General Equilibrium Analysis," Asian Economic Journal, East Asian Economic Association, vol. 23(2), pages 195-224, June.
    11. Le Thanh THUY, 2007. "Does Foreign Direct Investment Have an Impact on the Growth in Labor Productivity of Vietnamese Domestic Firms?," Discussion papers 07021, Research Institute of Economy, Trade and Industry (RIETI).
    12. Phan Minh Ngoc, 2008. "Sources of Vietnam's economic growth," Progress in Development Studies, , vol. 8(3), pages 209-229, July.

    More about this item

    Keywords

    comparative advantages; economic reforms; foreign direct investment; integration; Southeast Asia;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:adbewp:0056. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Orlee Velarde (email available below). General contact details of provider: https://edirc.repec.org/data/eradbph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.