Vietnam - the Incomplete Transformation: The Incomplete Transformation, by Wolff,Peter
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- ISBN: 9780714649313 | 0714649317
- Cover: Hardcover
- Copyright: 1/31/1999
The book analyses the history and the major economic features of the Vietnamese reform process. It focuses on the reform of enterprises and the financial sector and gives an overall picture of the reform efforts in the areas of rural development, the social sectors and environmental policy. Despite the early successes of the reforms, the transformation process is by far incomplete. Vietnam is still in the beginning of a long and difficult transition from a low-income economy to a status equivalent to its ASEAN partners. The government still has to implement complex structural reforms in the state enterprises and the banking sector, and it has to correct the regional and social imbalances which occurred during the first phase of transformation. Only through the unequivocal support of the private sector will it be possible to exploit the potential benefits of the integration into the East Asia region and the world economy.