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Economic Growth and Poverty Reduction in Viet Nam

In: Poverty, Growth, and Institutions in Developing Asia

Author

Listed:
  • Arsenio M Balisacan
  • Ernesto M Pernia
  • Gemma Esther B Estrada

Abstract

Viet Nam’s emergence as one of the fastest growing economies in Asia over the last two decades has been widely hailed. This has been attributed to a series of reforms, known as the doi moi, which started in the latter part of the 1980s. Reforms began primarily in the agricultural sector which, at the time, accounted for close to 40 percent of gross domestic product (GDP) and 70 percent of total employment. The country’s reform effort focused initially on the dismantling of collective farms, redistribution of land to peasant households through long-term leases, and abolition of price controls on goods and services. It then eliminated production and consumption subsidies and streamlined the public sector (Dollar and Litvack 1998, Weinns 1998). Further, the reform effort included the stabilization of inflation and liberalization of foreign trade and investment (Dollar 2002).

Suggested Citation

  • Arsenio M Balisacan & Ernesto M Pernia & Gemma Esther B Estrada, 2003. "Economic Growth and Poverty Reduction in Viet Nam," Palgrave Macmillan Books, in: Ernesto M Pernia & Anil B Deolalikar (ed.), Poverty, Growth, and Institutions in Developing Asia, chapter 9, pages 273-296, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-3779-7_9
    DOI: 10.1057/9781403937797_9
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    Citations

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    Cited by:

    1. R Gaiha & K Imai & M A Nandhi, 2005. "Millennium Development Goal of Halving Poverty in Asia and the Pacific Region: Progress, Prospects and Priorities," Economics Discussion Paper Series 0507, Economics, The University of Manchester.
    2. Klump, R. & Prüfer, P., 2006. "Prioritizing Policies for Pro-Poor Growth : Applying Bayesian Model Averaging to Vietnam," Discussion Paper 2006-117, Tilburg University, Center for Economic Research.
    3. Bruno Arpino & Arnstein Aassve, 2014. "The role of villages in households’ poverty exit: evidence from a multilevel model for rural Vietnam," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(4), pages 2175-2189, July.
    4. Doner, Richard, 2012. "Success as Trap? Crisis Response And Challenges To Economic Upgrading in Export-Oriented Southeast Asia," Working Papers 45, JICA Research Institute.
    5. Klump, Rainer & Prüfer, Patricia, 2005. "How to prioritise policies for poverty reduction: Applying Bayesian Model Averaging to Vietnam," Proceedings of the German Development Economics Conference, Kiel 2005 27, Verein für Socialpolitik, Research Committee Development Economics.
    6. Katsushi Imai & Raghav Gaiha & Woojin Kang, 2011. "Vulnerability and poverty dynamics in Vietnam," Applied Economics, Taylor & Francis Journals, vol. 43(25), pages 3603-3618.

    More about this item

    Keywords

    Gross Domestic Product; Poverty Reduction; Mekong Delta; Capita Gross Domestic Product; Bottom Quintile;
    All these keywords.

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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