Why Doesn’t Vietnam Grow Faster?: State Fragmentation and the Limits of Vent for Surplus Growth

  title={Why Doesn’t Vietnam Grow Faster?: State Fragmentation and the Limits of Vent for Surplus Growth},
  author={Jonathan R. Pincus},
  journal={Journal of Southeast Asian Economies (JSEAE)},
  pages={26 - 51}
  • Jonathan R. Pincus
  • Published 1 April 2015
  • Economics
  • Journal of Southeast Asian Economies (JSEAE)
Although Vietnam has achieved exceptionally rapid growth of exports, “vent-for-surplus” production of agricultural commodities and labour-intensive manufactures has yet to stimulate the development of large-scale, technologically progressive firms. Foreign-invested and small domestic enterprises still dominate and rely heavily on imports of intermediate and capital goods. The absence of upstream and downstream industries can be explained at least in part by Vietnam’s unique transition from… 

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