Introduction: The Need to Reassess
Vietnam’s Development
Vietnam is viewed both domestically and
internationally as having achieved a certain degree
of success in its development process since its
program of renovation, Doi Moi, commenced in
19863
. Vietnam has increased its GDP per capita by
four times from around USD 200 in 1986 to USD
830 in 2007. Poverty reduction is another success
story in Vietnam, with poverty being reduced from
78% in 1988 to around 15% in 2010. The Vietnamese
government has also been able to maintain its
macroeconomic stability for a rather long period of
time, with an inflation rate of greater than 400%
in 1986 being reduced to 5% in 1995 (General
Statistical Office, 1997). Vietnam is now still one
of the most promising destinations of FDI in the
region (WB, 2010).
Introduction: The Need to Reassess
Vietnam’s Development
Vietnam is viewed both domestically and
internationally as having achieved a certain degree
of success in its development process since its
program of renovation, Doi Moi, commenced in
19863
. Vietnam has increased its GDP per capita by
four times from around USD 200 in 1986 to USD
830 in 2007. Poverty reduction is another success
story in Vietnam, with poverty being reduced from
78% in 1988 to around 15% in 2010. The Vietnamese
government has also been able to maintain its
macroeconomic stability for a rather long period of
time, with an inflation rate of greater than 400%
in 1986 being reduced to 5% in 1995 (General
Statistical Office, 1997). Vietnam is now still one
of the most promising destinations of FDI in the
region (WB, 2010).
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