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Economic Innovation in Vietnam in the Period after 1986

Author

Listed:
  • Ngo Xuan Binh
  • Nguyen Thi Ngoc
  • Le Thi Hang Nga
  • Tran Ngoc Diem

Abstract

During the period from 1975 to 1986, Vietnam had to face a serious economic crisis. Difficulties and problems came from poverty, war consequences, unfavourable changes of the international situation and especially the outmodedness of the economic model of centralized bureaucratic planning. Therefore, Vietnam had to undertake a program of economic innovation, known as "Doi Moi" (Innovation) in 1986. Up to now, after 34 years, Economic Innovation has brought many achievements in terms of growth rate, the scale of the economy, the shifting of the economic structure toward modernization, institutional innovation and extended international integration… However, at the same time, there remain problematic issues such as quality of growth, productivity and sustainable development…., to be tackled with. In fact, this is the first economic innovation (1986-2019). These contents will be analyzed and evaluated by the article on the basis of the model of economic innovation through a process of change and continuity in the market economy thinking in Vietnam.

Suggested Citation

  • Ngo Xuan Binh & Nguyen Thi Ngoc & Le Thi Hang Nga & Tran Ngoc Diem, 2020. "Economic Innovation in Vietnam in the Period after 1986," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 131-147.
    • Handle: RePEc:bas:econst:y:2020:i:4:p:131-147
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    References listed on IDEAS

    as
    1. Jerry Courvisanos & Stuart Mackenzie, 2014. "Innovation economics and the role of the innovative entrepreneur in economic theory," Journal of Innovation Economics, De Boeck Université, vol. 0(2), pages 41-61.
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    More about this item

    JEL classification:

    • N00 - Economic History - - General - - - General

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