Since the doi moi reforms in 1986, Vietnam has experienced a dramatic socioeconomic
transformation. Lim examines the role of the state and its interaction
with market forces in bringing this change about.
Taking the motorcycle and banking industries as case studies, this book explores
the dynamics between the state and transnational corporations in shaping
the manufacturing and service sectors, respectively. Vietnam, as one of Southeast
Asia’s quintessential latecomer economies with little prior experience of
dealing with transnational corporations, has nevertheless been quite successful
in maintaining some control over the impact of foreign direct investment. Yet,
the learning outcomes remain highly uneven. In addition, Lim argues that Vietnamese
advancement in both industries mirrors only partially the more generalized
patterns of state-led development in East Asia’s earlier batch of latecomer
economies. Vietnam’s case thus presents practical lessons on how to succeed
in crafting and utilizing policy instruments to achieve domestic economic and
This book will be of great interest to scholars of political economy and industrial
policy in East Asia, as well as to scholars and policy professionals analyzing
approaches to development strategy more broadly.
Table of Contents
1.Introduction 2.Background Information 3.Theoretical Survey 4.Progress amidst Confusion: The Vietnamese Motorcycle Industry 5.Control under Dirigisme: The Vietnamese Banking Industry 6.Comparison and Analysis 7.Conclusion
Guanie Lim is Research Fellow at the Nanyang Centre for Public Administration,
Nanyang Technological University, Singapore. His main research interests
are comparative political economy, value chain analysis, and the Belt and Road
Initiative in Southeast Asia. Guanie is also interested in broader development
issues within Asia, especially those of China, Vietnam, and Malaysia.
In the coming years, he will be conducting comparative research on how and
why China’s capital exports are reshaping development in two key developing
regions – Southeast Asia and the Middle East.