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Vietnamese Economy Today: Achievements and Challenges

Abstract

In terms of the level of socio-economic development, Vietnam currently pertains to dynamically developing countries. This is largely due to the Doi Moi policy, which entails global modernization of the national economy. However, there is a number of problems that reduce the efficiency of the Doi Moi policy. Aim. This study aims to evaluate the prospects of maintaining the high rate of economic growth in 2016-2020 and major challenges for making the transition towards a new model. Tasks. This study identifies major problems and risks that reduce the efficciency of Vietnam’s economic policy. Methods. The study uses general methods of scientific cognition and statistical data provided by the Ministry of Finance of the Socialist Republic of Vietnam (SRV). Results. Key problems that limit the efficiency of the Doi Moi policy are identified, namely: inflation, two-tiered foreign exchange structure “forest”, foreign and domestic debt, etc. The special role of Vietnam’s partnership with Russia is emphasized, which also ensures the country’s economic growth through the development of the oil and gas industry, military and technical cooperation, etc. It is shown that despite all the difficulties, Vietnam maintains the high rate of economic development and has largely determined the trajectory of development in 2016-2020.

About the Author

Marina E. Trigubenko
Institute of Economics of the Russian Academy of Science
Russian Federation


References

1. Статья подготовлена при финансовой поддержке РГНФ. Проект «Проблемы имплементации и ожидаемые эффекты Соглашения о свободной торговле между Евразийским экономическим союзом и Социалистической Республикой Вьетнам» № 16-27-09001.

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Review

For citations:


Trigubenko M.E. Vietnamese Economy Today: Achievements and Challenges. Economics and Management. 2017;(5):26-31. (In Russ.)

Views: 313


ISSN 1998-1627 (Print)