Vietnam's 20 Year Reform: Experience and Emerging Issues

摘要

The reform process in Vietnam has been going on for 20 years and has brought about important achievements. The economy has recovered from crisis and entered a period of high growth. The averaged annual GDP growth rate was 7.5% and reached 8.4% in 2005. Generally speaking, the economics reform in Vietnam was a shift from a centrally planned economy to a market economy with socialist orientation and international integration. In our concept, the socialist orientation means "rich people, strong nation, democratic, equal and civilized society".