Embedding Neoliberalism Through Statecraft: the Case of Market Reform in Vietnam

  • Mark Evans
  • Bui Duc Hai
Part of the International Political Economy Series book series (IPES)


In 1986 the Vietnamese government initiated a broad range of what it termed ‘socialist oriented, mixed economy market reforms’ in which the equitization or co phan hoa of state-owned enterprises (SOEs) was to play a central role. The process began slowly but has increased in pace in the last few years as a consequence of external pressures from the IMF, the World Bank, and its most influential donors; positive lesson-drawing from China’s ‘reform and open door’ policy; negative lesson-drawing from Russian ‘shock therapy’; and, the acceptance by Vietnam’s governing elite of the need to create the conditions for the establishment of a new development trajectory that combines elements of both the developmental state and competition state models of economic development (see Soederberg in this volume). Furthermore, improving relations within the United States created an international political climate conducive to increasing the scope and intensity of domestic neoliberal policy change.


Market Reform Internalize Globalization Deputy Prime Minister Vietnamese Government Hochiminh City 
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Further reading

  1. Duiker, W. (1995) Vietnam: Revolution in Transition. Boulder, Co: Westview.Google Scholar
  2. Fforde, A. and Vylder, S. (1996) From Plan to Market: The Economic Transition in Vietnam. Boulder: Westview Press.Google Scholar
  3. Marr, D. (1995) Vietnam 1945: The Quest for Power. Berkeley and Los Angeles: University of California Press.Google Scholar
  4. Marr, D. (1995) Vietnam Strives to Catch Up. New York: Asia Society, Asian Updates.Google Scholar

Useful websites

  1. <> About Vietnam’s government and politics
  2. <> E Journals and Discussion Lists on Vietnam
  3. <> Vietnam Virtual Library
  4. <> Studying the Vietnam War

Copyright information

© Mark Evans and Bui Duc Hai 2005

Authors and Affiliations

  • Mark Evans
  • Bui Duc Hai

There are no affiliations available

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