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Vietnam Industrial Policy and Large Economic Groups: A discussion

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Abstract

Vietnam is now at the critically important juncture as the country is preparing the National Socio‐economic Development Strategy 2011‐2020 (NSDS). The NSDS will guide the two five‐year plans in the next decade, and provide key inputs for the Eleventh Party Congress, scheduled to be held in January 2011. This chapter seeks to provide inputs for the debates and discussion along the preparation of the national development strategy. The chapter focuses on the relevance of industrial policy for national economic development and the role of large economic groups as an instrumental tool for implementing industrialization policy for the purpose of national economic development. The chapter reviews the policies adopted by Vietnam during the course of economic development through the lens of ‘industrial policy’ emulating the industrial policy framework adopted by other countries by focusing on the role of large economic groups as an instrument for industrialization. The authors argue that industrial policy is still relevant for Vietnam and large economic groups. While this could be viewed as a double‐edged sword, it is still relevant and feasible for industrial policy implementation.

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  • Nguyen, Anh & Nguyen, Nhat, 2010. "Vietnam Industrial Policy and Large Economic Groups: A discussion," MPRA Paper 63461, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:63461
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    Cited by:

    1. Mustapha K. Nabli, 2011. "The Great Recession and Developing Countries : Economic Impact and Growth Prospects," World Bank Publications - Books, The World Bank Group, number 2539.

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    More about this item

    Keywords

    Industrial Policies; Large Economic Group; Vietnam;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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