Challenges to Vietnam's Open Door Economic Policy
In the mid-1980s Vietnam introduced doi moi, an "open door" market-oriented policy. It has been on the rise ever since, with one of Asia's fastest-growing economies.
But undeveloped infrastructure, a maze of bureaucracy, corruption, and a poorly qualified workforce pose major challenges to Vietnam's economic future, says Thomas J. Vallely, director of the Vietnam Program at Harvard University.
Vallely will discuss Vietnam's future and the implications of a coming changing of the guard as a generation of new leaders emerges, many of whom were educated abroad and feel more comfortable in an open marketplace.
Before becoming director of the Vietnam Program, Vallely was a senior research fellow at Harvard's Kennedy School, where he worked on strategic and military issues in East and Southeast Asia.