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ODA and Economic Development in Vietnam: An Assessment of the Transfer of Intangible Resources

In: Aid as Handmaiden for the Development of Institutions

Author

Listed:
  • Tran Van Tho
  • Nguyen Anh Duong

Abstract

Since the start of Doi Moi (Renovation) in 1986 and especially after the market-oriented reforms in 1989, Vietnam has experienced rapid, continuous socio-economic development. The country is often cited as one of the best examples of success in the transition from an economy based on central planning to a market-oriented one. Economic growth has been high and continual, averaging over 7.4 per cent per annum in the 1990–2010 period. Poverty incidence went down from about 70 per cent at the end of the 1980s to 10.6 per cent in 2010. Exports and investment gradually became the key drivers of growth. Notably high economic growth was also evident during Vietnam’s rapid progress towards international economic integration.

Suggested Citation

  • Tran Van Tho & Nguyen Anh Duong, 2013. "ODA and Economic Development in Vietnam: An Assessment of the Transfer of Intangible Resources," Palgrave Macmillan Books, in: Machiko Nissanke & Yasutami Shimomura (ed.), Aid as Handmaiden for the Development of Institutions, chapter 5, pages 124-160, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-02348-3_5
    DOI: 10.1057/9781137023483_5
    as

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