The Transition of Vietnam’s Model of Economic Growth
Do Phu Tran Tinh

Abstract
Viet Nam communist party (VCP) VI Congress witnessed a change in economic thought that aimed at increasing the production. The Congress provided a guidance for an extensive model of economic growth. In fact, this model produced various positive results, mobilizing all possible resources for production and satisfying demands for food and employment. Prolonged dependence on this model, however, led to many shortcomings: unstable growth rate, waste of natural resources, environmental pollution, poor competitiveness and unstable balances of trade and payments. Seeking for and changing the model of economic growth, therefore, has become a matter of great urgency to Vietnam today.

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