Socioeconomics status indicators of economics development in Vietnam-post- DOI MOI period
Vietnam is a densely- populated nation located in South East Asia that in the last three decades has recovered from the ravages of war and its aftermath, The country has transformed from a centrally-planned economy to a market economy. Consequently, the Doi Moi (renovation) policy has been introd...
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Format: | Thesis |
Language: | English |
Published: |
2013
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Subjects: | |
Online Access: | http://ur.aeu.edu.my/121/1/Socioeconomics%20status%20indicators%20of%20economics%20development%20in%20Vietnam-post-%20DOI%20MOI%20period.pdf http://ur.aeu.edu.my/121/ |
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Summary: | Vietnam is a densely- populated nation located in South East Asia that in the last
three decades has recovered from the ravages of war and its aftermath, The country has
transformed from a centrally-planned economy to a market economy. Consequently, the
Doi Moi (renovation) policy has been introduced and implemented since l986 and it has
progressed Vietnam’s economy effectively with positive and consistent Gross Domestic
Product (GDP) growth as well as with high influx of Foreign Direct Investment (FDI).
The literature review section explores the geographical and historical
backgrounds and economic development of Vietnam chronologically since the pre Doi
Moi period, but with the greater focus on the post Doi Moi period and its policy
implementations, especially on Vietnam’s economic advancement Significantly, the
literature search indicates that research on the effect of individual factor of SES mainly
on employment and education indicators which have proven its significance on
Vietnam’s economic development is in its infancy and inadequate.
Thus, the purpose of this research is to primarily focus on the Socioeconomic
Status (SES) that explores the level of education and the employment determinants
towards the growth of Vietnam’s economic development after the introduction of Doi
Moi program In particular, the thesis examines the concept of Socioeconomic Status
(SES) as the key determining factors contributing to Vietnam’s economy as well as
evaluates the Doi Moi policy and its economic renovation programs from 1986 up until
the year 2010. The post Doi Moi studies have revealed that despite enjoying remarkable
economic growth over the recent years, Vietnam still possesses a low competitive capacity, productivity, and quality. Currently, Vietnam still faces low GDP per capita,
high poverty, high inflation rate and unstable currency.
This study aims to provide guidance as well as reveals the strengths and
weaknesses
of the policy including providing possible solutions on Vietnam”s SES level for the
local, foreign investors and the Vietnamese govemment. Therefore, this research
employs a qualitative case study research methodology to evaluate the SES determinants
towards Vietnam’s economic
advancement during the post Doi Moi period. Both quantitative and qualitative data
collection methods were also used. The results of this study have revealed that education
and the employment level have transformed and improved tremendously since 1986 in
Vietnam. However, there are several issues that have been identified by the researcher
that could be a disruption to the Vietnam’s continuing economic growth such as the
increase in the poverty rate in urban areas, poor education quality system and the
shortage of highly skilled employees in Vietnam.
Overall, the researcher recommends the education quality must be improved
through teaching, reward, facilities and intemational collaboration as improving
education quality can solve the current problems of the shortage of highly skilled
employees in the relevant industries and employment markets. Significantly, human
capital investment should be regarded as a national agenda as education is the key tool
for human resource development of the nation. |
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