Reforming Vietnam’s Rural Economy
Phung Duc Tung and Elliot Brennan
Policy Brief, Institute for Security & Development Policy,
This year it is predicted that Vietnam’s economy will slump to a level not seen since 1999. As a result of this and factional in-fighting over this issue, on the 22nd of October Vietnam’s Prime Minister Nguyen Tan Dung apologized for the government’s “weakness” in managing the economy. It is thus important for both the government and advisory institutes to identify some of the factors for this slump and explore current and possible reforms. This policy brief looks at crucial reforms in the land and agriculture sectors that could boost the health of the economy.