|Name:||Viet Nam Industrial Competitiveness Report 2011|
Viet Nam’s efforts to shift from a centrally planned to a market-led economy are paying off. Not only has Viet Nam been one of the fastest growing economies over the last 20 years, but growth has sharply reduced the incidence of poverty. Viet Nam is increasingly integrated into the global economy and is becoming a hub for potential investors nationally and internationally.
But how much has industrialization contributed to Viet Nam’s economic growth and export success? And what is the role of manufacturing and structural change in the country’s economic future? This report makes the case that industrialization is at the core of Viet Nam’s economic growth. It argues that Viet Nam needs an industrial policy aimed at structural change towards high value added manufacturing sectors to sustain current growth levels in the long run.
The report uses UNIDO’s methodology to assess national industrial performance through a series of industry-related dimensions, indicators and indices. This methodology is the fruit of years of research and advisory work carried out under the guidance of the late Professor Sanjaya Lall of Oxford University.
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