The privatisation of public infrastructure in transitional Southeast Asian economies: the case of build-own- operate-transfer projects in Vietnam and Laos
The transition from centrally planned to market economies that began in the mid-1980s in the Lao People’s Democratic Republic (Lao PDR) and Vietnam undoubtedly resulted in rapid economic growth and an improvement in the average standard of living in both countries. It was, therefore, viewed as being in ‘the national interest’. Nevertheless, rates of growth were not uniform. Certain regions, economic sectors and social groups benefited disproportionately from market reforms, while others were seriously disadvantaged (EAAU 1997).