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Vietnam and Foreign Direct Investment: Speeding Economic Transition or Prolonging the Twilight Zone?

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Financial Globalization and Democracy in Emerging Markets

Part of the book series: International Political Economy Series ((IPES))

Abstract

Since it committed itself to reform in late 1986, Vietnam has made a rapid transition from a planned to a market-driven economy. One of the first concrete steps towards reform was to promulgate a foreign investment law in 1988. The effect has been remarkable; in 1996, foreign investors committed themselves to projects worth $8.8 billion, in an economy with a GDP of $23.1 billion.

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Authors
  1. Jonathan Haughton
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Editor information

Editors and Affiliations

  1. Reed College, Portland, Oregon, USA

    Leslie Elliott Armijo (Visiting Scholar) (Visiting Scholar)

Copyright information

© 2001 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Cite this chapter

Haughton, J. (2001). Vietnam and Foreign Direct Investment: Speeding Economic Transition or Prolonging the Twilight Zone?. In: Armijo, L.E. (eds) Financial Globalization and Democracy in Emerging Markets. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780333994894_12

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