Vietnam’s Competitiveness and the Role of the Private Sector

Vietnam has experienced an impressive growth over the last two decades However, reforms so far are insufficient to move Vietnam to a middle income economy. The next several years will determine whether Vietnam will follow the experience of Korea, or the Philippines. Vietnam’s reform have been piecemeal and reactive. Improving Vietnam’s standard of living will require a long term economic strategy. – A set of interrelated policy changes, institutional structures, and rigorous implementation mechanisms....