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Vietnam 30 years after Doi Moi: achievements and challenges

Author

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  • Revilla Diez Javier

    (Javier Revilla Diez, Geographisches Institut, Universität zu Köln, Albertus-Magnus-Platz, 50923 Köln, Germany)

Abstract

Thirty years ago, the Vietnamese government was forced to change its economic policy. The inefficiencies of the economic system led to deteriorating living conditions in the 1980s. During the 6th party congress in December 1986, the communist party decided to reform the economic system, called Doi Moi (renovation). The political elite opted for a gradual change of the economy, without changing the political system. The economic development induced by the reforms was remarkable. The living conditions of the Vietnamese have improved drastically as a consequence of high growth rates. Despite economic and social success since the introduction of reforms, Vietnam has reached now a distinctive moment. The country has to tackle five challenges in order to enhance the future welfare of its citizens. Firstly, macroeconomic stability and especially a functioning financial market is a precondition for future economic growth. Secondly, the successful catch-up model based on cheap labour as well as mineral and agricultural resources is reaching its limitations. Thirdly, a stronger spatial perspective has to be taken into account as the economic development is unevenly distributed and leaving the rural areas behind. Fourthly, environmental issues need to be considered more seriously, especially pollution from intensified agricultural production, mining, and industrialization. Fifthly, due to increasing income disparities, more attention has to be paid to social justice and participation.

Suggested Citation

  • Revilla Diez Javier, 2016. "Vietnam 30 years after Doi Moi: achievements and challenges," ZFW – Advances in Economic Geography, De Gruyter, vol. 60(3), pages 121-133, November.
    • Handle: RePEc:bpj:zfwige:v:60:y:2016:i:3:p:121-133:n:7
    DOI: 10.1515/zfw-2016-0035
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    Citations

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    Cited by:

    1. , Aisdl, 2019. "What Citizenship for What Transition?: Contradictions, Ambivalence, and Promises in Post-Socialist Citizenship Education in Vietnam," OSF Preprints jyqp5, Center for Open Science.
    2. Hanna Adam, 2020. "Socioeconomic effects of collectivist and individualist education: A comparison between North and South Vietnam," TVSEP Working Papers wp-020, Leibniz Universitaet Hannover, Institute for Environmental Economics and World Trade, Project TVSEP.
    3. Chia-Nan Wang & Ching-Yu Yang & Hung-Chun Cheng, 2019. "Fuzzy Multi-Criteria Decision-Making Model for Supplier Evaluation and Selection in a Wind Power Plant Project," Mathematics, MDPI, vol. 7(5), pages 1-15, May.
    4. Ta-Thi Huong & Liang Dong & Izhar Hussain Shah & Hung-Suck Park, 2021. "Exploring the Sustainability of Resource Flow and Productivity Transition in Vietnam from 1978 to 2017: MFA and DEA-Based Malmquist Productivity Index Approach," Sustainability, MDPI, vol. 13(21), pages 1-26, October.
    5. Moritz Breul & Thi Xuan Thu Nguyen, 2021. "The Impact of Extractive Industries on Regional Diversification: Evidence from Vietnam," Papers in Evolutionary Economic Geography (PEEG) 2129, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2021.
    6. Hoa Trong Hoang & Ha Thu Nguyen & Anh Chi Phan & Duong Huy Phan & Phong Thai Le, 2019. "Continuous Improvement: An Empirical Review in Vietnam," Economics Bulletin, AccessEcon, vol. 39(2), pages 1202-1214.
    7. Mai, Nhat Chi, 2022. "Socioeconomic effects of collectivist and individualist education: A comparison between North and South Vietnam," OSF Preprints n9pyw, Center for Open Science.
    8. Michael Berlemann & Thi Xuyen Tran, 2020. "Climate-Related Hazards and Internal Migration Empirical Evidence for Rural Vietnam," Economics of Disasters and Climate Change, Springer, vol. 4(2), pages 385-409, July.
    9. Alessandro, Fornaroli, 2021. "Vietnam – A general study of the triangulation toward change social movements, economic development, and political changeover," OSF Preprints 8bgmu, Center for Open Science.
    10. Ritzema, R.S. & Douxchamps, S. & Fraval, S. & Bolliger, A. & Hok, L. & Phengsavanh, P. & Long, C.T.M. & Hammond, J. & van Wijk, M.T., 2019. "Household-level drivers of dietary diversity in transitioning agricultural systems: Evidence from the Greater Mekong Subregion," Agricultural Systems, Elsevier, vol. 176(C).
    11. Roxana Leitold & Javier Revilla Diez & Van Tran, 2020. "Are we expecting too much from the private sector in flood adaptation? Scenario-based field experiments with small- and medium-sized firms in Ho Chi Minh City, Vietnam," Climatic Change, Springer, vol. 163(1), pages 359-378, November.
    12. Huy-Cuong Vo-Thai & Shihmin Lo & My-Linh Tran, 2021. "How Capability Reconfiguration in Coping With External Dynamism Can Shape the Performance of the Vietnamese Enterprises," SAGE Open, , vol. 11(3), pages 21582440211, July.
    13. Michael Berlemann & Thi Xuyen Tran, 2021. "Tropical Storms and Temporary Migration in Vietnam," Population and Development Review, The Population Council, Inc., vol. 47(4), pages 1107-1142, December.
    14. Franziska Sohns & Javier Revilla Diez, 2018. "Explaining micro entrepreneurship in rural Vietnam—a multilevel analysis," Small Business Economics, Springer, vol. 50(1), pages 219-237, January.

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