http://asia.nikkei.com/magazine/TUNE-UP-TIME-FOR-VIETNAM |
TUNE-UP TIME FOR VIETNAM
The country faces a make-or-break moment 30 years after its Doi Moi reforms
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Beyond Doi Moi
Nikkei Asian Review | 12 January 2017
A reform plan hatched 30 years ago has
made Vietnam one of Southeast Asia's fastest-growing economies. Today,
the question is how to keep up the pace.
Vietnam's communist government opened the door to prosperity
when it embraced market principles and introduced its historic Doi Moi
economic reforms in December 1986.
Three decades on, the country
boasts one of Southeast Asia's fastest-growing economies. But it also
faces a number of issues, from a dependence on foreign capital and a
failing Trans-Pacific Partnership trade pact to stalled reforms of
state-run companies and a widening income gap.
Having
veered heavily toward the U.S. in recent years, Hanoi also needs to
reconsider its diplomatic strategy in light of a rising China and a
Trump presidency.
In this issue, we look at how far Vietnam has come and what it must do to keep growth going for the next 30 years.
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