Is Vietnam a Market Economy? Recent Reforms and Agenda
February 13, 2003
Main Speaker
Discussants
Moderator
About This Seminar
A current controversy in Vietnam-U.S. trade relations is whether Vietnam is a market or non-market economy after more than a decade of important economic reforms. Dr. Pham argues that Vietnam has implemented successfully several monetary and fiscal policies as well as price and wage decontrols to set up a working market economy in its early stages. But it is an unfinished agenda due to sluggish structural and institutional reforms in recent years. He will conclude that the political economy would have to be addressed by Vietnam with bold policies such as those adopted by China to recognize both the political and economic roles of the private sector, were Vietnam to achieve an advanced market economy.