Vietnam: Navigating a Rapidly Changing Economy, Society, and Political Order

In the late 1980s, Vietnam was associated with resistance and war, but in the 1990s, it began to be seen as a potential partner and strategically significant actor. The Communist Party of Vietnam rules the country, combining a one-party system and a market-based economy with global value chains. This book examines how governance shapes politics, economy, social development, and relations with the outside world, and highlights the reforms needed to become a sustainable and modern high-income nation. Despite challenges, the authors remain optimistic about Vietnam's future due to the vitality of its society.

Format: Paperback / softback
Length: 452 pages
Publication date: 28 July 2023
Publisher: Harvard University Press

In the late 1980s, Vietnam was widely perceived around the world as a nation plagued by conflict, poverty, displacement, and a mismanaged planned economy. However, a significant shift occurred during the 1990s. Major countries began to view Vietnam as both a potential partner and a strategically important actor, particularly in the context of the growing rivalry between the United States and an emerging China. International investors also started to perceive Vietnam as a land of opportunity, attracted by its potential for economic growth and development.

Despite its Leninist party-state governance, Vietnam has managed to reconcile the seemingly contradictory elements of a one-party system and a market-based economy that is integrated into global value chains. The Communist Party of Vietnam (CPV) holds a firm grip on power, and stability is of paramount importance to the regime. In recent years, there has been a combination of increasing economic openness with growing political control and repression. This book, authored by scholars from Vietnam, North America, and Europe, explores the intricate relationship between governance and various aspects of Vietnam's politics, economy, social development, and relations with the outside world. It also examines the reforms necessary for Vietnam to achieve sustainable and modern high-income status in the coming decades.

Despite facing numerous challenges, including systemic ones, the authors of this book remain optimistic about Vietnam's future. They highlight the evident vitality and determination of the Vietnamese society, which they believe will play a crucial role in driving the country forward. The book provides valuable insights into the complex dynamics shaping Vietnam's development and offers valuable recommendations for policymakers and stakeholders interested in promoting its continued growth and prosperity.

Dimension: 254 x 178 (mm)
ISBN-13: 9780674291348