Economic Growth and Employment in Vietnam

Vietnam has enjoyed significant economic success since the implementation of its "doi moi" reforms, including rapid growth in GDP, exports and investment including foreign direct investment, and a shedding of poorly-performing state-owned enterprises. Despite this, however, the economic situation for ordinary people in Vietnam is fragile, with income only just above the poverty line, and high unemployment, especially youth unemployment. In addition, inflation is high, and the state-owned sector is still large, much of it still performing badly. This book provides a comprehensive overview of the current economic situation in Vietnam. It outlines the state of the economy, discusses government policies including on trade and integration with the global economy, and concludes by assessing the key challenges facing Vietnam’s economy going forward.