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| Daily life in Ho Chi Minh City, image by Ronald HN Tan |
Abstract:
Vietnam, and in particular Ho Chi Minh City (HCMC), have experienced rapid socio-economic change echoing the global economy since 1986, when the central government started to implement the Doi-Moi policy, an overall economic reform. This study aims to clarify (1) how the socio-economic structure of HCMC has been changing under the Doi-Moi policy and the globalization process of Vietnam, and (2) what the mechanism of these changes is, including the relevant government policies. We can see the positive results of industrialization in terms of economic growth, modernization and formalization of industries. The favorable economic cycle of increasing foreign direct investment (FDI) and trade, Gross Regional Product (GRP) growth, emergence of private sectors, formalization of the economy and expansion of the local population and market has been formed gradually as part of the economic development of HCMC. These changes are due to a reciprocal impact process between the macro legal framework reform conducted by the central government and the development policies mapped out by the HCMC local government. Under the globalization process together with the local industrialization, there have obviously been transformations of HCMC society. The transformation of society has been revealed in the form of (1) formalization of society, (2) improvement in income and consumption and expansion of disparity, and (3) urbanization with massive migration.
Vietnam, and in particular Ho Chi Minh City (HCMC), have experienced rapid socio-economic change echoing the global economy since 1986, when the central government started to implement the Doi-Moi policy, an overall economic reform. This study aims to clarify (1) how the socio-economic structure of HCMC has been changing under the Doi-Moi policy and the globalization process of Vietnam, and (2) what the mechanism of these changes is, including the relevant government policies. We can see the positive results of industrialization in terms of economic growth, modernization and formalization of industries. The favorable economic cycle of increasing foreign direct investment (FDI) and trade, Gross Regional Product (GRP) growth, emergence of private sectors, formalization of the economy and expansion of the local population and market has been formed gradually as part of the economic development of HCMC. These changes are due to a reciprocal impact process between the macro legal framework reform conducted by the central government and the development policies mapped out by the HCMC local government. Under the globalization process together with the local industrialization, there have obviously been transformations of HCMC society. The transformation of society has been revealed in the form of (1) formalization of society, (2) improvement in income and consumption and expansion of disparity, and (3) urbanization with massive migration.
read more posts on Vietnamiese urban planning:
Skyline photos of Ho Chi Minh City (Saigon) 1
The Contemporary Urban Problems in Ho Chi Minh City, Vietnam
ECONOMIC DEVELOPMENT, URBANIZATION AND ENVIRONMENTAL CHANGES IN HO CHI MINH CITY, VIETNAM: RELATIONS AND POLICIES
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| Ho Chi Minh City, image by alex-s |
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