Auffret, Phillipe2014-05-052014-05-052003-06https://hdl.handle.net/10986/18160In 1986 Vietnam initiated a transition from a centrally planned economy to a market-oriented economy where the government would keep playing a leading role. These renovation (doi moi) policies were successful at generating economic growth and reducing poverty. In the ten-year socioeconomic strategy endorsed by the Ninth Party Congress in April 2001, the authorities further articulated their development objectives in terms of economic growth and poverty reduction. To reach these objectives, the government indicated that its structural reform priorities were to change Vietnam's trade and financial policies, liberalize the climate for private investment, increase the efficiency of public enterprises, and improve governance. The author argues that the pace of implementation of trade reform-which has been impressive so far-is raising new challenges. On one side, fast liberalization of trade reform may soon conflict with the slow pace of implementation of other reforms, including restructuring of state-owned enterprises and state-owned commercial banks. On the other side, Vietnam would greatly benefit from fast implementation of trade reform and particularly fast accession to the World Trade Organization (WTO), especially after China's recent WTO accession. Auffret concludes that implementation of trade reform will be a testing ground to reveal the extent of Vietnam's commitment to a market-oriented economy.en-USCC BY 3.0 IGOACCESSIONACCESSION PROCESSACCESSION TO THE WORLD TRADE ORGANIZATIONACCESSION TO WTOAGREEMENT ON TRADEAGRICULTUREANTIDUMPINGANTIDUMPING INVESTIGATIONAPPARELAPPAREL EXPORTSAVERAGE TARIFFSBARGAINING POWERBILATERAL NEGOTIATIONSBILATERAL TRADEBUSINESS ENVIRONMENTCARTELCENTRAL PLANNINGCHANGES IN TRADECOALCOMMERCIAL BANKSCOMPARATIVE ADVANTAGECOMPETITIVENESSCUSTOMS CLEARANCEDEREGULATIONDEVELOPMENT AGENDADEVELOPMENT STRATEGYDIRECT REGULATIONDISPUTE SETTLEMENTDISPUTE SETTLEMENT MECHANISMDISPUTE SETTLEMENT PROCEDURESDOHA DEVELOPMENT AGENDADOMESTIC DEMANDDOMESTIC INDUSTRIESDOMESTIC MARKETDOMESTIC PRODUCERSDOMESTIC SUPPORTDOWNWARD PRESSUREDUTY DRAWBACKSDUTY EXEMPTIONSECONOMIC GROWTHECONOMIC IMPACTSECONOMIC INTEGRATIONEXCHANGE RATEEXPENDITURESEXPORT BIASEXPORT DEVELOPMENTEXPORT INCENTIVESEXPORT SUBSIDIESEXPORT VOLUMESEXPORTERSEXPORTSFINAL GOODSFINANCIAL INSTITUTIONSFINANCIAL SECTORFISHFOREIGN BANKSFOREIGN DIRECT INVESTMENTFOREIGN DIRECT INVESTMENTSFOREIGN EXCHANGEFOREIGN INVESTMENTFOREIGN INVESTORSFREE TRADEFREE TRADE AREAFUEL TRADEFUELSGATSGLOBAL TRADEIMPACT OF TRADEIMPORT BARRIERSIMPORT DUTYIMPORT RESTRICTIONSIMPORTING COUNTRIESIMPORTSIMPORTS OF TEXTILESINCOMEINFORMATION DISCLOSUREINSURANCEINSURANCE COMPANIESINTELLECTUAL PROPERTYINTENSIVE PRODUCTSINTERMEDIATE GOODSINTERNATIONAL COOPERATIONINTERNATIONAL INVESTMENTINTERNATIONAL TRADELABOR FORCELEGISLATIONLIBERALIZATION OF TRADELOCAL CONTENTLOCAL PROTECTIONISMMACROECONOMIC POLICYMARKET ACCESSMARKET ECONOMYMEMBER COUNTRIESMETALSMFNMIDDLE INCOME COUNTRIESMONOPOLIESMONOPOLYMULTILATERAL NEGOTIATIONSMULTILATERAL TRADENATIONAL TREATMENTNATURAL MONOPOLIESNEGATIVE IMPACTNON-TARIFF BARRIERSOILOPENNESSPLANNED ECONOMYPOLICY MAKERSPOLICY REFORMPOLICY REFORMSPOLICY RULESPOVERTY REDUCTIONPREFERENTIAL TARIFFPREFERENTIAL TRADEPREFERENTIAL TRADE AGREEMENTPRIVATE INVESTMENTPRODUCTIVITYPROTECTION OF INTELLECTUAL PROPERTY RIGHTSQUANTITATIVE IMPORT RESTRICTIONSQUANTITATIVE RESTRICTIONSQUOTASRATES OF PROTECTIONRECENT ACCESSIONREGULATORY REQUIREMENTSROUND AGREEMENTSECURITIESSERVICE SECTORSERVICES SECTORSTATE ENTERPRISESSTATE-OWNED ENTERPRISESTARIFF BARRIERSTARIFF RATETARIFF RATESTARIFF REDUCTIONTARIFF REDUCTIONSTARIFF SCHEDULETAX RATESTAX REVENUETECHNICAL COOPERATIONTRADE AGREEMENTTRADE AGREEMENTSTRADE BARRIERSTRADE FACILITATIONTRADE IN SERVICESTRADE LIBERALIZATIONTRADE LIBERALIZATION COMMITMENTSTRADE NEGOTIATIONSTRADE POLICIESTRADE POLICYTRADE POLICY INSTRUMENTSTRADE REFORMTRADE REFORMSTRADE REGIMETRADE RULESTRADE VOLUMESTRADING PARTNERSTRADING RIGHTSTRADING SYSTEMTRANSITION ECONOMIESTRANSPARENCYUNIFORM APPLICATIONURUGUAY ROUNDVALUATIONWAGESWORLD PRICESWORLD TRADEWORLD TRADE ORGANIZATIONWTOWTO ACCESSIONWTO AGREEMENTWTO AGREEMENTSWTO COMMITMENTSWTO MEMBERSHIPWTO RULES TRADE DEVELOPMENTTRADE REGIMESTRUCTURAL REFORMSTRADE LIBERALIZATIONPRIVATE INVESTMENTSINVESTMENT ENVIRONMENTPUBLIC ENTERPRISESGOVERNANCEENTERPRISE RESTRUCTURINGCOMMERCIAL BANKSWORLD TRADE ORGANIZATIONMARKET ECONOMYWTO RULESTRADE DEVELOPMENT10.1596/1813-9450-3076