1st Edition

The Political Economy of Growth in Vietnam Between States and Markets

By Guanie Lim Copyright 2021
    108 Pages 12 B/W Illustrations
    by Routledge

    108 Pages 12 B/W Illustrations
    by Routledge

    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

    technological upgrading.

    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.

    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.