Vietnam - little tiger with big possibilities
Abstract
In the first issue of journal (1/2016) we said we are convinced that Russia is not alone in the world. Thus, the theme of our inquiry will be searching for friendly-oriented countries-economically and politically as well. In the second part of our inquiry, we present the success story of Vietnam.Country’s transition from lowincome to middle-income countries per capita was amazing. Vietnam is placed among those countries with the best indicators of economically sustainable and politically friendly-oriented countries. Russia and Vietnam are connected with strategic partnership but it is insufficient for further development of economic relationships. It is urgent need to intensify the penetration Vietnamese market, searching for mutually beneficial partnership and long-lasting cooperation.
References
1. Asian Development Bank. (2016). Asian Development Outlook 2016: Asia’s Potential Growth
2. Efficient Logistics. A Key to Vietnam’s Competitiveness. Eds. Luis C. Blancas, John Isbell, Monica Isbell, Hua Joo Tan, Wendy Tao, 2014, International Bank for Reconstruction and Development/The World Bank
3. Evenett Simon J. and Fritz J. 2015. The Tide Turns? Trade, Protectionism, and Slowing Global Growth: The 18th Global Trade Alert Report. Geneva: Centre for Economic Policy Research. Available at: http://www.voxeu.org/ sites/default/files/file/GTA18_final.pdf
4. Freund C., Tyler M. and Sarah O. (2016). Tariff Liberalization. In Assessing the Trans-Pacific Partnership, volume 1. PIIE Briefing 16-1. Washington: Peterson Institute for International Economics
5. Global Economic Prospects, June 2016. Divergences and Risks. A World Bank Group Flagship Report, International Bank for Reconstruction and Development/The World Bank, 2016
6. Lam Le, Ha Phuong. (2016). 2016-2020 Socio-Economic Development Plan. Retrieved 26 August, 2016 from: http://e.vnexpress.net/news/business/factbox-2016-2020-socio-economic-development-plan-3375983.html
7. Markit Economic Research. Latest five-year socio-economic development plan launched in Vietnam. 29.04.2016
8. OECD (Organization for Economic Cooperation and Development) and WTO (World Trade Organization). (2013). Aid for Trade. Paris: OECD
9. Overall strategy for international integration through 2020, vision to 2030 (Part I, Part II, Part III). Approved on January 7, 2016 by VGP - PM Nguyen Tan Dung. Available at: http://www.chinhphu.vn/portal/page/por- tal/English/strategies/strategiesdetails?categoryId=30&articleId=10050825
10. Overview. Vietnam 2035: Toward Prosperity, Creativity, Equity and Democracy. International Bank for Reconstruction and Development/The World Bank and the Ministry of Planning and Investment of Vietnam, 2016
11. Petri P.A., Plummer M.G., Zhai F. (2011). The Trans-Pacific Partnership and Asia-Pacific Integration: A Quan- titative Assessment. East-West Center Working Papers, Economics Series, no. 119, October 24, 2011
12. Petri P.A. and Plummer M.G. (2016). The Economic Effects of the Trans-Pacific Partnership: New Estimates. Working Paper series, WP 16-2, January, 2016
13. Sachs J.D., Warner A. (1995). Economic Reform and the Process of Global Integration. Brookings Papers on Economic Activity 1: 1-95
14. Stone S., Shepherd B. (2011). Dynamic Gains from Trade: The Role of Intermediate Inputs and Equipment Imports. OECD Trade Policy Papers, no. 110. Geneva: OECD Publishing
15. The Socio-Economic Development Plan 2016-20 (forthcoming, draft available). Available at: http://www. chinhphu.vn/portal/page/portal/English/strategies/strategiesdetails?categoryId=30&articleId=10050825
16. The Socio-Economic Development Strategy 2021-30. Available at: http://www.chinhphu.vn/portal/page/portal/English/strategies/strategiesdetails?categoryId=30&articleId=10050825
17. Viet Nam Sustainable Development Strategy for 2011-2020. Decision No. 432/QD-TTg on approving the Viet Nam Sustainable Development Strategy for the 2011-2020 signed on April 12, 2012 by Prime Minister Nguyen Tan Dung. Available at: http://www.chinhphu.vn/portal/page/portal/English/strategies/strategies details?categoryId=30&articleId=10050825
18. Wacziarg R., Welch K.H. (2008). Trade Liberalization and Growth: New Evidence. World Bank Economic Review 22, no. 2: 187-231
19. World Bank. (2015). Making the Whole Greater than the Sum the Parts: A Review of Fiscal Decentralization in Vietnam. World Bank, Hanoi. Retrieved 26 August, 2016 from: https://openknowledge.worldbank.org/han- dle/10986/23951
20. World Economic Outlook, April 2016. Too Slow for Too Long. World Economic and Financial Surveys, International Monetary Fund, 2016
21. World Development Indicators database. The World Bank
22. WTO (World Trade Organization) and World Bank. (2015). The Role of Trade in Ending Poverty. Geneva
Review
For citations:
Mierzwa Z. Vietnam - little tiger with big possibilities. Review of Business and Economics Studies. 2016;4(3):5-38. (In Russ.)
Email this article 