Vietnam between Developmental State and Neoliberalism: The Case of the Industrial Sector

Abstract

During over 20 years of doi moi 1 Vietnam achieved major results in terms of economic growth, institutional development, and poverty reduction. This chapter argues that these results depended on a pragmatic and gradualist reform process that scarcely conformed to the prescription of the Washington Consensus. A deeper integration in the regional productive system during the 2000s contributed to industrial development and resulted in wider income polarisation and labour-capital conflicts. However, the new economic and social dynamics are too recent to draw conclusions about a possible convergence with neoliberal practices.