Introduction
Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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Introduction. / Rand, John; Tarp, Finn.
Micro, Small, and Medium Enterprises in Vietnam. ed. / John Rand; Finn Tarp. Oxford : Oxford University Press, 2020. p. 1-13 (WIDER Studies in Development Economics).Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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TY - CHAP
T1 - Introduction
AU - Rand, John
AU - Tarp, Finn
PY - 2020
Y1 - 2020
N2 - Small and medium enterprises (SMEs) have been at the core of Vietnam’s strategy for inclusive growth and economic transformation. Vietnam has experienced unprecedented growth and poverty reduction, turning the country into a middle-income economy relatively quickly. Most growth came from structural change with labour force movement to the manufacturing sector. This change has largely happened without worrying trends as regards income inequality, especially within urban areas. SMEs have been key for this transition following the Doi Moi reform process. Vietnam adopted a dual-track approach allowing private firms to expand alongside the state sector as long as they fulfilled their quotas at state-given prices. Also important for the development of a thriving SME sector has been reform design and willingness to experiment. These initiatives included state-owned enterprise (SOE) reform, foreign direct investment, industrial zone policies, and business-related administrative initiatives, with significant state influence remaining a core feature of the development strategy.
AB - Small and medium enterprises (SMEs) have been at the core of Vietnam’s strategy for inclusive growth and economic transformation. Vietnam has experienced unprecedented growth and poverty reduction, turning the country into a middle-income economy relatively quickly. Most growth came from structural change with labour force movement to the manufacturing sector. This change has largely happened without worrying trends as regards income inequality, especially within urban areas. SMEs have been key for this transition following the Doi Moi reform process. Vietnam adopted a dual-track approach allowing private firms to expand alongside the state sector as long as they fulfilled their quotas at state-given prices. Also important for the development of a thriving SME sector has been reform design and willingness to experiment. These initiatives included state-owned enterprise (SOE) reform, foreign direct investment, industrial zone policies, and business-related administrative initiatives, with significant state influence remaining a core feature of the development strategy.
KW - Faculty of Social Sciences
KW - Vietnam
KW - small and medium enterprises
KW - structural change
KW - reform
KW - economic transformation
KW - poverty reduction
KW - state-owned enterprises
U2 - 10.1093/oso/9780198851189.003.0001
DO - 10.1093/oso/9780198851189.003.0001
M3 - Book chapter
SN - 9780198851189
T3 - WIDER Studies in Development Economics
SP - 1
EP - 13
BT - Micro, Small, and Medium Enterprises in Vietnam
A2 - Rand, John
A2 - Tarp, Finn
PB - Oxford University Press
CY - Oxford
ER -
ID: 237961177