Skip to main content

Posts

Showing posts with the label Vietnam economy

India, Vietnam And Eurasian Economic Union Deepen Economic Integration – Analysis ( Source- Eurasia Review/ Author- Dr. Rajaram Panda)

Logo of The Eurasia Economic Union Source- Eurasia Review Author- Dr. Rajaram Panda Since the launch of Doi Moi (Renovation) in 1986, Vietnam has leapfrogged from a centrally planned economy to a market-driven one and has undertaken comprehensive reforms to make the economy market-friendly. The various market-oriented reforms have helped encourage competition among economic units, which have helped boost the nation’s gross national wealth. There were three thrust areas where the reforms were focussed: improvement of institutions with enabling motives, stabilisation of macroeconomic situations and pro-active integration into the regional and world economy. In a world of increasing economic interdependence, the economies of nations are so closely interlinked that any adverse development in one country can have crippling effect on other nations. This calls for constant coordination of policies that serve the common goals – that is fostering economic prosperity across nat