IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/63461.html
   My bibliography  Save this paper

Vietnam Industrial Policy and Large Economic Groups: A discussion

Author

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.

Suggested Citation

  • 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
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/63461/1/MPRA_paper_63461.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nguyen Viet Cuong, 2011. "Can Vietnam Achieve The Millennium Development Goal On Poverty Reduction In High Inflation And Economic Stagnation?," The Developing Economies, Institute of Developing Economies, vol. 49(3), pages 297-320, September.
    2. Yuk-Shing Cheng & Dic Lo, 2004. "Firm Size, Technical Efficiency and Productivity Growth in Chinese Industry," Working Papers 144, Department of Economics, SOAS University of London, UK.
    3. Tarun Khanna & Krishna Palepu, 1999. "Policy Shocks, Market Intermediaries, and Corporate Strategy: The Evolution of Business Groups in Chile and India," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 8(2), pages 271-310, June.
    4. repec:ucp:bkecon:9789971692551 is not listed on IDEAS
    5. Fisman, Raymond & Khanna, Tarun, 2004. "Facilitating Development: The Role of Business Groups," World Development, Elsevier, vol. 32(4), pages 609-628, April.
    6. Shahid Yusuf & M. Anjum Altaf & Kaoru Nabeshima, 2004. "Global Production Networking and Technological Change in East Asia," World Bank Publications - Books, The World Bank Group, number 14918.
    7. Irfan ul Haque, 2007. "Rethinking Industrial Policy," UNCTAD Discussion Papers 183, United Nations Conference on Trade and Development.
    8. Adrian Wood & Jörg Mayer, 2011. "Has China de-industrialised other developing countries?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 147(2), pages 325-350, June.
    9. Xufei Ma & Xiaotao Yao & Youmin Xi, 2006. "Business group affiliation and firm performance in a transition economy: A focus on ownership voids," Asia Pacific Journal of Management, Springer, vol. 23(4), pages 467-483, December.
    10. Lora, Eduardo, 2005. "Should Latin America Fear China?," IDB Publications (Working Papers) 4367, Inter-American Development Bank.
    11. repec:bla:devpol:v:27:y:2009:i:5:p:483-502 is not listed on IDEAS
    12. Ngo Trinh Ha, 2005. "Catching-Up Industrial Development of East Asian Economies and Its Application to Vietnam," Journal of Developing Areas, Tennessee State University, College of Business, vol. 39(1), pages 71-98, September.
    13. Leff, Nathaniel H, 1978. "Industrial Organization and Entrepreneurship in the Developing Countries: The Economic Groups," Economic Development and Cultural Change, University of Chicago Press, vol. 26(4), pages 661-675, July.
    14. Eduardo Lora, 2005. "Should Latin America Fear China?," Research Department Publications 4409, Inter-American Development Bank, Research Department.
    15. Bui Trinh, 2010. "Measuring The Effective Rate Of Protection In Vietnam’S Economy With Emphasis On The Manufacturing Industry: An Input-Output Approach," Working Papers 12, Development and Policies Research Center (DEPOCEN), Vietnam.
    16. Prema‐chandra Athukorala, 2006. "Trade Policy Reforms and the Structure of Protection in Vietnam," The World Economy, Wiley Blackwell, vol. 29(2), pages 161-187, February.
    17. Sea-Jin Chang, 2006. "Business groups in East Asia: Post-crisis restructuring and new growth," Asia Pacific Journal of Management, Springer, vol. 23(4), pages 407-417, December.
    18. Szirmai, Adam, 2008. "Explaining Success and Failure in Development," MERIT Working Papers 2008-013, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    19. L. Alan Winters & Shahid Yusuf, 2007. "Dancing with the Giants: China, India, and the Global Economy," World Bank Publications - Books, The World Bank Group, number 6632.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael Carney, 2008. "The many futures of Asian business groups," Asia Pacific Journal of Management, Springer, vol. 25(4), pages 595-613, December.
    2. Chung, Chi-Nien & Mahmood, Ishtiaq & Mitchell, Will, 2009. "Political Connections and Business Strategy: The Impact of Types and Destinations of Political Ties on Business Diversification in Closed and Open Political Economic," CEI Working Paper Series 2008-24, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    3. Daphne W. Yiu & Yuan Lu & Garry D. Bruton & Robert E. Hoskisson, 2007. "Business Groups: An Integrated Model to Focus Future Research," Journal of Management Studies, Wiley Blackwell, vol. 44(8), pages 1551-1579, December.
    4. Anand Saxena, 2013. "Transgenerational succession in business groups in India," Asia Pacific Journal of Management, Springer, vol. 30(3), pages 769-789, September.
    5. Sougata Ray & Bikramjit Ray Chaudhuri, 2018. "Business Group Affiliation and Corporate Sustainability Strategies of Firms: An Investigation of Firms in India," Journal of Business Ethics, Springer, vol. 153(4), pages 955-976, December.
    6. Joel Bothello & Ioannis Ioannou & Vlad‐Andrei Porumb & Yasemin Zengin‐Karaibrahimoglu, 2023. "CSR decoupling within business groups and the risk of perceived greenwashing," Strategic Management Journal, Wiley Blackwell, vol. 44(13), pages 3217-3251, December.
    7. De la Cruz Gallegos Jose Luis & Ivanova Boncheva Antonina & Ruiz-Porras Antonio, 2008. "Competition between Latin America and China for US Direct Investment," Global Economy Journal, De Gruyter, vol. 8(2), pages 1-22, June.
    8. Rekha Rao-Nicholson & Catherine Cai, 2020. "The effects of ownership identity on corporate diversification strategy of Chinese companies in foreign markets," Asia Pacific Journal of Management, Springer, vol. 37(1), pages 91-126, March.
    9. Mahmood, Ishtiaq P. & Lee, Chang-Yang, 2004. "Business groups: entry barrier-innovation debate revisited," Journal of Economic Behavior & Organization, Elsevier, vol. 54(4), pages 513-531, August.
    10. Bamiatzi, Vassiliki & Cavusgil, Salih Tamer & Jabbour, Liza & Sinkovics, Rudolf R., 2014. "Does business group affiliation help firms achieve superior performance during industrial downturns? An empirical examination," International Business Review, Elsevier, vol. 23(1), pages 195-211.
    11. Rhys Jenkins, 2008. "China's Global Growth and Latin American Exports," WIDER Working Paper Series RP2008-104, World Institute for Development Economic Research (UNU-WIDER).
    12. Chavarín Rodríguez, Rubén, 2011. "Los grupos económicos en México a partir de una tipología de arquitectura y gobierno corporativos. Una revisión de sus explicaciones teóricas," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(309), pages 193-234, enero-mar.
    13. Jürgen Wandel, 2011. "Business groups and competition in post-Soviet transition economies: The case of Russian “agroholdings”," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(4), pages 403-450, December.
    14. Randall Morck, 2005. "How to Eliminate Pyramidal Business Groups: The Double Taxation of Intercorporate Dividends and Other Incisive Uses of Tax Policy," NBER Chapters, in: Tax Policy and the Economy, Volume 19, pages 135-179, National Bureau of Economic Research, Inc.
    15. Yishay Yafeh, 2002. "An International Perspective of Japan's Corporate Groups and their Prospects," NBER Working Papers 9386, National Bureau of Economic Research, Inc.
    16. Melsa Ararat & Asli M. Colpan & Dirk Matten, 2018. "Business Groups and Corporate Responsibility for the Public Good," Journal of Business Ethics, Springer, vol. 153(4), pages 911-929, December.
    17. Iacovone, Leonardo & Rauch, Ferdinand & Winters, L. Alan, 2013. "Trade as an engine of creative destruction: Mexican experience with Chinese competition," Journal of International Economics, Elsevier, vol. 89(2), pages 379-392.
    18. Lilach Nachum, 2004. "Geographic and Industrial Diversification of Developing Country Firms," Journal of Management Studies, Wiley Blackwell, vol. 41(2), pages 273-294, March.
    19. Choi, Young Rok & Yoshikawa, Toru & Zahra, Shaker A. & Han, Bong H., 2014. "Market-oriented institutional change and R&D investments: Do business groups enhance advantage?," Journal of World Business, Elsevier, vol. 49(4), pages 466-475.
    20. Tarun Khanna & Yishay Yafeh, 2007. "Business Groups in Emerging Markets: Paragons or Parasites?," Journal of Economic Literature, American Economic Association, vol. 45(2), pages 331-372, June.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:63461. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.