Abstract
Vietnam has overcome internal and external difficulties in the twentieth century to create a very inviting business environment as testified both by GDP per capita growth and by foreign direct investment in the twenty-first century. This chapter briefly touches on the different aspects of this environment that are detailed in subsequent chapters: economic policy and performance, participation in value chains, privatization, the market and financial services. It also provides an overview of the history and geography of the country.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
AOC. 2019. Atlas of Economic Complexity Profile for Vietnam. https://oec.world/en/profile/country/vnm/. Accessed December 2, 2019.
ARIC. 2020. Free Trade Agreements. Asia Regional Integration Center. https://aric.adb.org/fta-country. Accessed March 23, 2020.
Barklie, Glenn. 2015. Vietnam Leads Emerging Market Greenfield FDI Performance Index. FT.com. Accessed February 8, 2020.
Baum, Anja. 2020. Vietnam’s Development Success Story and the Unfinished SDG Agenda. IMF Working Paper WP/20/31.
Carr, Nick. 2017. Cyber Espionage Is Alive and Well: APT32 and the Threat to Global Corporations. FireEye. https://www.fireeye.com/blog/threat-research/2017/05/cyber-espionage-apt32.html. Accessed December 8, 2019.
Cruz, Elfren S. 2019. Rise and Fall of Family Dynasties. The Philippine Star, May 16. https://www.philstar.com/opinion/2019/05/16/1918274/rise-and-fall-family-dynasties. Accessed March 20, 2020.
Dutta, Soumitra, Bruno Lanvin, and Sacha Wunsch-Vincent (eds.). 2019. Global Innovation Index 2019: Creating Healthy Lives—The Future of Medical Innovation. Ithaca: Cornell University; Fontainebleau: INSEAD; and Geneva: WIPO.
DW.com. 2019. A Dam-Building Race Threatens the Mekong River. https://www.dw.com/en/a-dam-building-race-threatens-the-mekong-river/a-50049206 Accessed November 30, 2019 and December 4, 2019.
Enterprise Surveys. n.d. www.enterprisesurveys.org. The World Bank. Accessed March 21, 2020.
FAO. 2011. Strengthening Capacities to Enhance Coordinated and Integrated Disaster Risk Reduction Actions and Adaptation to Climate Change in Agriculture in the Northern Mountain Regions of Viet Nam. Climate Change Impacts on Agriculture in Vietnam. FAO. UNJP/VIE/037/UNJ. Available at http://www.fao.org/climatechange/34068-0d42acdf5fb7c4d80f3013c038ab92ce6.pdf. Accessed June 26, 2020.
FDI Vietnam. 2020. Vietnam: Registration of Technology Transfer Now Mandatory. http://fdi-vietnam.com/fdi-news/vietnamregistration-of-technology-transfer-now-mandatory.html. Accessed February 14, 2020.
GSO. 2019. Social and Economic Situation in 2018. General Statistics Office of Vietnam. Available at https://www.gso.gov.vn/default_en.aspx?tabid=622&ItemID=1904. Accessed December 7, 2019.
Gwartney, James, Robert Lawson, Joshua Hall, and Ryan Murphy with Daniel L. Bennett, Rosemarie Fike, Fred McMahon, Boris Nikolaev. 2019. 2019 Annual Report. Economic Freedom of the World. Fraser Institute.
Heritage Foundation and Wall Street Journal. 2019. Heritage Index of Economic Freedom. Heritage Foundation. https://www.heritage.org/index/visualize. Accessed December 6, 2019.
Heritage Foundation and Wall Street Journal. 2020. Heritage Index of Economic Freedom. Available at https://www.heritage.org/index/download. Accessed March 24, 2020.
Katagiri, Mitsuru. 2019. Credit Misallocation and Economic Growth in Vietnam. IMF Working Papers.
KPMG. 2019. Legal Update. New Rules on Foreign Exchange Control Applicable to Foreign Direct Investment Activities in Vietnam. https://home.kpmg/content/dam/kpmg/vn/pdf/Legal-Update/2019/Legal%20Update%20-%20August%202019%20(EN).pdf. Accessed March 21, 2020.
Lê, Đăng Doanh. 2008. Market Economy with Socialist Orientation in Vietnam and the Concept of the Social and Ecological Market Economy. In The Social and Ecological Market Economy—A Model for Asian Development? Eschborn: Deutsche Gesellschaft für Technische Zusammenarbeit.
Lyngaas, Sean. 2019. Vietnam’s Premier Hacking Group Ramps Up Targeting of Global Car Companies. CyberScoop. https://www.cyberscoop.com/apt32-ocean-lotus-vietnam-car-companies-hacked/. Accessed December 8, 2019.
Maruichi, Daisuke, and Masato Abe. 2019. Corruption and the Business Environment in Vietnam: Implications from an Empirical Study. Asia and the Pacific Policy Studies. Wiley. Available at https://onlinelibrary.wiley.com/doi/pdf/10.1002/app5.275. Accessed March 21, 2020.
Minderhoud, P.S.J., L. Coumou, G. Erkens, et al. 2019. Mekong Delta Much Lower Than Previously Assumed in Sea-Level Rise Impact Assessments. Nature Communications 10: 3847.
Mitre Group. 2019. APT32. https://attack.mitre.org/groups/G0050/. Accessed December 8, 2019.
Nguyen, Dan. 2019. Samsung Vietnam Sees 2018 Profits Plummet. VnExpress International. https://e.vnexpress.net/news/business/companies/samsung-vietnam-sees-2018-profits-plummet-3893548.html. Accessed February 3, 2020.
Nguyen, Thi Tue Anh, Minh Duc Luu, and Duc Chieu Trinh. 2016. The Evolution of Vietnamese Industry. The Brookings Institution.
OECD. 2019. Results from Pisa 2018. Available at https://www.oecd.org/pisa/publications/PISA2018_CN_VNM.pdf. Accessed December 4, 2019.
PwC. 2019. New Foreign Exchange Control Regulations for Foreign Direct Investment in Vietnam. https://www.pwc.com/vn/en/publications/legal-news-brief/190823-circular-06.html. Accessed March 21, 2020.
SBV. 2019. Circular Providing Guidance on Foreign Exchange Control with Respect to Foreign Direct Investment in Vietnam. No. 06/2019/TT-NHNN.
SingStat. 2020. https://www.tablebuilder.singstat.gov.sg/publicfacing/partialDisplay.action. Accessed February 8, 2020.
Tran, Van Tho. 2002. Economic Development in Vietnam During the Second Half of the 20th Century: How to Avoid the Danger of Lagging Behind. In The Vietnamese Economy: Awakening the Dormant Dragon, ed. by Binh Tran Nam and Chi Do Pham, Chap. 2. London: Routledge.
UNCTAD. 2020, Global FDI Flows Flat in 2019. https://unctad.org/en/PublicationsLibrary/diaeiainf2020d1_en.pdf. Accessed February 8, 2020.
Vietnam Law and Legal Forum Magazine. 2018. Vietnam Seeks FDI in New Technology-Based Sectors. http://vietnamlawmagazine.vn/vietnam-seeks-fdi-in-new-technology-based-sectors-6447.html. Accessed February 16, 2020.
VietnamNet. 2018. FDI Technology Transfer remains Low. https://english.vietnamnet.vn/fms/business/205950/fdi-technology-transfer-remains-low.html. Accessed February 12, 2020.
Vu, Khuong M. 2014. The Institutional Root Causes of the Challenges to Vietnam’s Long-Term Economic Growth. Asian Economic Papers 13: 159–189. See also the comments in subsequent pages.
Schwab, Klaus. 2019. The Global Competitiveness Report 2019. World Economic Forum.
World Bank. 2019. Doing Business 2019: Training for Reform. Washington, DC: World Bank.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 The Author(s)
About this chapter
Cite this chapter
Macdonald, R. (2020). Vietnam, Land of Opportunity. In: Macdonald, R. (eds) The Economy and Business Environment of Vietnam. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-49974-7_1
Download citation
DOI: https://doi.org/10.1007/978-3-030-49974-7_1
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-49973-0
Online ISBN: 978-3-030-49974-7
eBook Packages: Economics and FinanceEconomics and Finance (R0)