Munich Personal RePEc Archive

Vietnam Industrial Policy and Large Economic Groups: A discussion

Nguyen, Anh and Nguyen, Nhat (2010): Vietnam Industrial Policy and Large Economic Groups: A discussion. Published in: (2010)

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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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