Vietnam’s Đổi Mới reforms have transformed exports – but efficiency remains a challenge
Forty years after Vietnam launched its Đổi Mới reforms, the country has transformed from a centrally planned economy into a major player in global trade. The reforms, introduced in 1986, opened the economy to foreign investment, encouraged private enterprise, reduced trade barriers and strengthened Vietnam’s integration with international markets. ASEAN membership in 1995, WTO membership in 2007 and subsequent free trade agreements accelerated this transformation. Read more...
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