The missing middle: A political economy of economic restructuring in Vietnam

Kết quả hình ảnh cho The missing middle: A political economy of economic restructuring in Vietnam

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LOWY INSTITUTE ANALYSES | 08 DECEMBER 2017

Despite impressive economic performance, Vietnam’s strong trade and investment gains have yet to fully overcome the vestiges of its economic past.

KEY FINDINGS

  • Economic restructuring and greater integration with the international economic system has brought Vietnam impressive gains in wealth, trade, and investment.
  • Such efforts have not, however, resolved Vietnam’s ‘missing middle’ or the lack of a productive domestic private sector and the continued dominance of the state-owned sector.
  • While these challenges represent a risk to Vietnam’s future growth potential, initiatives such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership provide an opportunity for further trade and investment expansion.

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