Vietnam’s Industry after Three Decades of Renovation

Tóm tắt

This paper will focus mostly on the development of Vietnam's manufacturing sectors since the Doi Moi (Renovation) which started in 1986. It analyze the fundamental change of the industrialization concepts from the 1950s to the mid-1980s, and the actual transformation of Vietnam’s industries since the start of the renovation in 1986, including the growth of various sectors of import substitution industries like electricity, oil and gas, and mechanics, most of which are used in the domestic market, the booming of competitive export-oriented sectors such as electronics, textile and garment, leather products, wood products, food processing, and a seemingly non-competitive manufacturing sector such as automobile or vehicle; the role of various entities as the State Own Enterprises (SOEs), the private sector, the role of industrial zones; and the role of international integration, particularly the contributions of foreign trade, foreign direct investments (FDI) and Official Development Assistance (ODA) as engines of growth. The final part will introduce the future prospect of the Vietnamese economy as well as the industrial growth.