The Changing Face of Vietnamese Management by Rowley Chris;Truong Quang; & Quang Truong

Author:Rowley, Chris;Truong, Quang; & Quang Truong [Rowley, Chris & Truong, Quang]
Language: eng
Format: epub
Publisher: Taylor & Francis Group
Published: 2022-08-15T00:00:00+00:00

Economic structure

In spite of remarkable achievements as a result of the reforms, Vietnam remains very much an agricultural-based economy, with an unbalanced structure. In this economy the state-controlled sector is still considered to be the backbone of the economy and a ‘level playing field’ is yet to be created for the emerging private sector to operate at its full potential (see Table 5.3).

Table 5.3 Vietnam's economic structure, 1995–2007 Indicators 1995 2000 2005 2007*

1. Economic structure (% GDP) 100 100 100 100

Agriculture, forestry and fishery 27.2 24.5 21.0 20.3

Industry and construction 28.8 36.7 41.0 41.6

Services 44.0 38.8 38.0 38.1

2. Sector structure (% GDP)

State sector 40.4 38.5 38.4 36.5

Non-state sector 53.5 48.2 45.6 45.9

Foreign-invested sector 6.10 13.3 16.0 17.6

3. Labour structure (%)

Agriculture, forestry and fishery 71.1 65.2 57.2 53.8

Industry and construction 11.4 23.4 29.9 31.9

Services 17.5 11.4 12.9 14.3

Sources: Aggregated data from MPI (2006); GSO (2009); US Department of State (2009).

Note: * Preliminary statistics

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