ABSTRACT
During 1990-2001, Vietnam recorded impressive economic progress. The rate of real economic growth was high, inflation controlled, international reserves increased and poverty substantially reduced.1
Fundamental reforms have transformed almost all aspects of the economy life. Legal, regulatory and administrative frameworks have been updated, public institutions modernized (see Chapter 15 for a review and proposals for administrative and civil service reforms). At the same time, the management of the economy has considerably improved; economic policies have been formulated and implemented more rationally, and appropriate economic instruments used more systematically.
