Vietnam, the Incomplete Transformation
Peter Wolff analyzes the history and major economic features of the Vietnamese reforms since 1975. He 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.
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Steps towards the Market Economy
Reform of the Financial Sector
Reform of the Enterprises
Environment Industrialization and Sustainable
Agribank agricultural allocation ASEAN Asian countries assets Bank’s banking system capital central planning China CMEA collectivization country’s currency debts deficit development aid development cooperation domestic donors economic environment environmental exchange rate exports financial sector foreign direct investment foreign investment funds government’s IMF and World implemented important increase industrial sector infrastructure institutions interest rates investors joint stock joint ventures land use rights liberalization loans long-term macroeconomic macroeconomic stabilization market-economy medium term ment Ministry monetary national budget newly industrializing countries North Vietnam party planned economy political population poverty alleviation poverty line primarily prises private enterprises private sector production projects provinces rate of inflation Red River Delta reform process role rural areas rural development social South-East Asian state-owned commercial banks state-owned enter state-owned enterprises strategy structural adjustment program supply Table tion tive transfer transfer roubles transformation process Vietnamese government World Bank 1995a