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In the late 1980s, most of the world still associated Vietnam with
resistance and war, hardship, refugees, and a mismanaged planned
economy. During the 1990s, by contrast, major countries began to
see Vietnam as both a potential partner and a strategically
significant actor-particularly in the competition between the
United States and an emerging China-and international investors
began to see Vietnam as a land of opportunity. Vietnam remains a
Leninist party-state ruled by the Communist Party of Vietnam that
has reconciled the supposedly irreconcilable: a one-party system
and a market-based economy linked to global value chains. For the
Party stability is crucial and, recently, increasing economic
openness has been combined with growing political control and
repression. This book, undertaken by scholars from Vietnam, North
America, and Europe, focuses on how the country's governance shapes
its politics, economy, social development, and relations with the
outside world, as well as on the reforms required if Vietnam is to
become a sustainable and modern high-income nation in the coming
decades. Despite the challenges, including systemic ones, the
authors remain optimistic about Vietnam's future, noting the
evident vitality of a determined society.
In the late 1980s, most of the world still associated Vietnam with
resistance and war, hardship, refugees, and a mismanaged planned
economy. During the 1990s, by contrast, major countries began to
see Vietnam as both a potential partner and a strategically
significant actor-particularly in the competition between the
United States and an emerging China-and international investors
began to see Vietnam as a land of opportunity. Vietnam remains a
Leninist party-state ruled by the Communist Party of Vietnam that
has reconciled the supposedly irreconcilable: a one-party system
and a market-based economy linked to global value chains. For the
Party stability is crucial and, recently, increasing economic
openness has been combined with growing political control and
repression. This book, undertaken by scholars from Vietnam, North
America, and Europe, focuses on how the country's governance shapes
its politics, economy, social development, and relations with the
outside world, as well as on the reforms required if Vietnam is to
become a sustainable and modern high-income nation in the coming
decades. Despite the challenges, including systemic ones, the
authors remain optimistic about Vietnam's future, noting the
evident vitality of a determined society.
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