Oct 16, 2025

Introduction de mon travail de doctorat sur le Vietnam

16 Novembre 2025 

@AndresAnhtho

Objet : Découverte de mon travail de doctorat sur la privatisation des entreprises vietnamiennes (1992-2012)

Chers amis lecteurs francophones,

Après le lancement de ma série sur la culture vietnamienne, je suis arrivée sur un chapitre portant sur son intégration à l'économie mondiale.

J’ai le plaisir de vous annoncer la publication de mon travail de doctorat, consacré à la privatisation des entreprises publiques au Vietnam entre 1992 et 2012, une période charnière de la transition économique du pays. Ce projet de recherche approfondi explore les défis, les opportunités et les impacts de la restructuration des entreprises publiques dans le cadre de la politique de Doi Moi, qui a marqué le passage du Vietnam d’une économie planifiée à une économie de marché à orientation socialiste.

Dans cette étude, j’analyse les mécanismes de privatisation mis en place par le gouvernement vietnamien, les stratégies adoptées pour attirer les investissements étrangers, ainsi que les obstacles rencontrés, tels que les lacunes institutionnelles, la corruption et les conflits d’intérêts. Mon travail met également en lumière les résultats obtenus, tout en proposant des recommandations pour améliorer l’efficacité des réformes économiques et renforcer la compétitivité des entreprises vietnamiennes.

Ce projet s’inscrit dans une démarche visant à mieux comprendre les dynamiques économiques et sociales du Vietnam, tout en offrant des perspectives aux chercheurs, aux décideurs politiques et aux investisseurs intéressés par le développement de ce pays en pleine mutation.

Je serais ravi de partager avec vous les principaux enseignements de ma recherche et d’échanger sur les questions liées à la privatisation, à la gouvernance et au développement économique au Vietnam. N’hésitez pas à me contacter pour toute question ou pour obtenir des informations complémentaires sur mon travail.

Je vous remercie de votre intérêt et de votre soutien, et je reste à votre disposition pour toute discussion ou collaboration.

Bien cordialement,

Dr. Anh Tho Andres
Vice-Présidente
Vietnam Hoc Institute Geneva



About YourVietbooks.com
YourVietBooks is a selection of books and articles on and about Vietnam. Categories include: Culture, History, Vietnam War, Politics, Biographies, Contemporary Vietnam, International Relations, Doing Business in Vietnam, Reference and Languages, Zen Buddhism, Philosophy, Art and Literature.

WARNING: GOOGLE MAY USE SOME COOKIES, ANALYTICS AND ADSENSE ON THIS BLOG, BUT AS BLOGGER, WE DO NOT USE ANY COOKIES OURSELVES.

Newsletter to my francophone Vietnam lovers


Chers Amis du Vietnam, Dear Vietnam Friends,

Au cours des années, nous avons fait connaissance dans des circonstances variées, mais le terrain commun a toujours été le Vietnam.  Depuis 2021, j'ai commencé mon travail sur la culture vietnamienne afin de retrouver mes sources, suite à quelques rencontres fortuites qui ont accéléré le rythme de mes recherches, qui ont commencé il y a plus de trente ans. 

Eh oui, depuis les années 90, j'avais commencé mon premier livre "L'agonie d'un peuple". Mon manuscrit s'est perdu en route, entre de multiples sollicitations, mais mes réflexions ont aussi mûri avec le temps et la sagesse. Depuis 2007, j'ai commencé mon deuxième livre, "Back to Square One", rebaptisé et complété en 2024 sous le titre "Coming Home", où je notais mes réflexions sur mon parcours personnel tout au long des circonstances de mes nouveaux défis. Cela a duré une trentaine d'années. 

En 2021, alors que je me préparais à une retraite tranquille sans trop d’émotions, mon supérieur, Professeur Christoph Stückelberger – éthiciste et écrivain-journaliste suisse, qui adore découvrir et converser avec de nouvelles cultures dans le monde – m’avait conseillé d’orienter mes recherches post-doc sur l’éthique en contexte vietnamien.

Étant souvent confrontée à des situations difficiles en côtoyant d’autres cultures, j’étais intéressée à revenir à mes sources. C’était donc la première motivation, d’autant plus que j’ai reçu un appel d’un professeur historien du Vietnam qui me parlait d’une discipline baptisée “Vietnam Hoc”, l’équivalent des études vietnamiennes en français. Encore une raison de ne pas dire NON. Et c’est parti!

Le trajet de retour à mes sources n’était pas sans incidents, d’autant plus que l’intérêt pour le Vietnam et notre fardeau de souffrances passés s’est bien atténué avec les changements positifs sur le plan des investissements et d’autres, ainsi que des générations 9X qui n’ont aucun souvenir de la guerre froide. Quand les nouvelles sur les conflits ukrainiens et d’autres incidents qui secouent la planète, mon intérêt pour le pourquoi de la guerre s’est ravivé à cause des commentaires sur les plateformes youtube et Facebook. Les discussions se multiplient sur l’avenir de l’humanité, et la question d’une probable troisième guerre mondiale commence à se répandre. Panique!

Résultat : après des années de recherche qui complétaient mes trente années de lecture sur la question “pourquoi la guerre du Vietnam?” qui m’a hanté toute ma jeunesse, cela a attisé mon enthousiasme pour m’atteler à cette nouvelle tâche, aboutissant à une série d’ouvrages publiée sous l’égide de Globethics Publications, intitulée “Vietnam Ethics Series” en anglais.

Pour ceux qui s'intéressent aux thématiques de l'éthique appliquée et surtout à celles concernant le Vietnam, vous pouvez consulter ce lien:https://globethics.net/vietnam-ethics-series

Sous ce lien figurent les volumes sur le Vietnam, dont mon premier volume de la série s’intitule “Vietnam in Transition: Education, Culture and Ethics”


Il propose une analyse approfondie des transformations éducatives, culturelles et économiques du Vietnam dans le contexte de la mondialisation. Le deuxième volume, “
Vietnam Integration: Voices of teachers”, donne des réponses au premier. 

Pour ceux qui n’ont pas le temps ni la possibilité de tout lire en anglais, j'aimerais présenter mon travail en français avec l'aide de l'I.À la découverte récemment. Pour moi, cette découverte me permet de travailler plus efficacement, car avec le temps gagné sur des tâches répétitives ou des recherches nécessitant trop de ressources, je peux poursuivre mes réflexions sans perdre le fil de mes pensées. 

Voici le lien pour ceux qui s’intéressent à mon travail sur mon blog personnel intitulé:

COPING WITH INTERCULTURAL DIFFERENCES

 https://hocmbaonline.home.blog

1. Le contexte général

  • Le Vietnam est en pleine transition, passant d’une économie planifiée à une économie de marché orientée socialiste, avec des réformes majeures amorcées par la politique de Doi Moi en 1986.
  • Le pays doit relever des défis liés à son histoire complexe, marquée par des guerres, des divisions idéologiques et des influences coloniales dans ses efforts d’intégration.

2. Le système éducatif et la modernisation

  • Un système éducatif en évolution: Sous l’influence coloniale française, le système éducatif vietnamien a évolué d’un modèle confucéen traditionnel à un système moderne. Aujourd’hui, l’éducation est reconnue comme un levier clé de l’intégration internationale.
  • Le rôle de l’enseignement supérieur : Les universités vietnamiennes doivent s’adapter aux exigences de l’ère de la révolution industrielle 4.0, en mettant l’accent sur la recherche, l’innovation et la formation de ressources humaines compétentes.
  • Les défis actuels : manque d’infrastructures, faible qualité de l’enseignement supérieur et besoin d’alignement sur les normes internationales.

3. Culture et identité

  • Préservation de l’identité culturelle : Le Vietnam cherche à préserver son identité culturelle face à la mondialisation, notamment en valorisant les traditions millénaires, la cohabitation avec d’autres minorités ethniques et les festivals traditionnels.
  • Influences de la mondialisation : Bien que la culture vietnamienne soit enrichie par les échanges internationaux, il existe un risque de perte d’authenticité et d’identité dans ses efforts d’intégration économique.
  • L’importance de la diaspora vietnamienne : Les communautés vietnamiennes à l’étranger jouent un rôle clé dans la diffusion de la culture vietnamienne, notamment par la diplomatie culturelle, la gastronomie, les arts et les traditions.

4. Développement économique et environnemental

  • Les régions clés : Le delta du Mékong est un exemple de région stratégique pour l’économie vietnamienne, mais il est gravement menacé par le changement climatique (montée des eaux, salinisation, érosion).
  • La politique environnementale : Des plans d’action ont été mis en place pour répondre aux défis climatiques, mais leur mise en œuvre demeure fragmentée et nécessite une meilleure coordination entre les autorités locales et nationales.
  • l’Intégration économique : Le Vietnam doit renforcer ses infrastructures, améliorer la productivité de sa main-d’œuvre et attirer davantage d’investissements étrangers de manière stratégique.

5. Recommandations pour l’avenir

  • Réformes en matière d’éducation : investir dans la qualité de l’enseignement, promouvoir la recherche universitaire et intégrer des compétences en pensée critique et en innovation.
  • Développement durable : Renforcer les politiques environnementales, encourager les partenariats public-privé et promouvoir des modèles économiques respectueux de l’écosystème.
  • Réconciliation nationale : Favoriser l’unité entre les différentes générations et régions du pays, tout en valorisant les contributions des Vietnamiens de l’étranger.

Ce premier volume met en lumière les efforts nécessaires pour s’adapter aux défis de la mondialisation tout en préservant son identité culturelle. La qualité de l’éducation est le mot-clé.

Comment travaillons-nous ensemble?

Sur les pages qui suivent, Q & A Session accompagnée des réponses de l’I.A.sur les pages indiquées sous les liens correspondants.

https://hocmbaonline.home.blog/2025/10/15/thematique-du-jour-moi-et-lia/#Comme il s’agit de partager nos opinions à ce sujet, je propose quelques questions et réponses au format simple à digérer. Il s’agit de répondre à certaines questions, et vérifier avec les réponses de l’I.A. à ces sujets.

Je vous remercie pour votre soutien en vous joignant sur le blog, ou en me contacter sous l'email anhtho.andres@gmail.com

Bonne journée et à bientôt.

@AndresAnhtho



 

https://hocmbaonline.home.blog


About YourVietbooks.com
YourVietBooks is a selection of books and articles on and about Vietnam. Categories include: Culture, History, Vietnam War, Politics, Biographies, Contemporary Vietnam, International Relations, Doing Business in Vietnam, Reference and Languages, Zen Buddhism, Philosophy, Art and Literature.

WARNING: GOOGLE MAY USE SOME COOKIES, ANALYTICS AND ADSENSE ON THIS BLOG, BUT AS BLOGGER, WE DO NOT USE ANY COOKIES OURSELVES.

Oct 14, 2025

Vietnamese at the Crossroads of the 21st Century


14 October 2025
@AndresAnhtho


As Year 2025 draws to an end, with all the changes happening across the Globe, from the closing of the Ukrainian War and Gaza crisis, to the nomination of the Nobel prize of Peace, my reflection turns toward the fate waiting for my compatriots back home, but also the Vietnamese diaspora around the World, still trying to find peace in their hearts.
Indeed, fifty years have passed since the Fall of Saigon in 1975, ending the conflicts between the two antagonists of a sad historical period of our country. And yet, from the encounters I have recently had, I noticed that the wounds are still open, many lives have been broken, while a minority is benefitting from the happy ending.
In my efforts to keep track of this part of History as a witness of our times, I hope that my reflections contribute to the continuity of the Vietnam experience, which can serve as a lesson to the next generations, the Gen Z.

Vietnam at the Crossroad of the 21st Century

Culturally, Vietnam belongs to the East Asian tradition, which also encompasses mainland China, Taiwan, Japan, and Korea. For over 6,000 years, the countries in this society have evolved from the Han civilisation, with Han scripts as the foundation and means for development in various fields. In addition, China and the countries of East Asian society share religious, cultural and social ties deeply ingrained in the subconscious of people of the same community. 

Given this long tradition, the ambition of changing a nation’s whole belief system in a few generations is unthinkable. However, we can modernise our society without losing our roots and traditions. The integration of Western scientific reasoning, standards, and disciplines can help form an orderly community while preserving our cultural heritage. Combining Eastern wisdom with Western logical thinking is a lesson we should learn to succeed in our modernisation efforts. Standardising the Vietnamese language among different Vietnamese-speaking communities within the country and worldwide, and integrating the diaspora's literary contributions into mainstream literature, will add value to the cultural integration process, placing Vietnam on par with other rising stars in the global South.

Indeed, due to the post-war discrimination policy that hindered the active participation of former southern government officers and their children to the mainstream economy, the human development in Vietnam had suffered a significant loss in their valuable contribution to the economic boom due to the lack of vision and poor educational policy that produced less trained workers adapted to the job, but also the inadequate distribution of workers between cities and rural regions. This situation underscores the urgent need for educational reform and human development strategies that other Southeast Asian economies have adopted since the 1960s. 

According to a survey by the World Bank, Vietnam scored only 3.39 points out of 10, lagging behind South Korea (6.91), India (5.76), and Malaysia and Thailand (4.94). In Vietnam, although many graduates are highly trained in politics and socio-economic theories, they often struggle to find jobs with FDI companies due to poor foreign language proficiency, a lack of industry knowledge, and difficulty adapting to change, which is frequently attributed to the political indoctrination typical of socialist countries. Despite its rankings of 90/100 in technology and innovation and 92/100 in background technology, Vietnam scored only 4.9/10 in readiness for IR 4.0, lagging behind countries such as Cambodia, Singapore, Thailand, the Philippines, and Malaysia. Indeed, the 2018 WEF report classified Vietnam among countries that are not ready for the IR 4.0, with scores of 75/100 in university training quality, 68/100 in STEM education, and 63/100 in critical thinking and teaching. 

Across the globe, international employers highly appreciate the Vietnamese diaspora workforce for their resilience and work ethic. Fifty years after the end of the war, the diaspora community has grown to over 5 million overseas Vietnamese, scattered across at least 180 countries. However, the highest concentrations remain in the US (over 3 million), Western Europe (over 1.8 million), and the rest of Asia. Official statistics for the period 2006-2016, provided by the Vietnam National Bank, revealed that inflows from this community accounted for around 10% of the GDP.  Sadly, the Viet-Kieu - including academics and former government officials of the southern government - do not receive special treatment from the current government, in contrast to the treatment received by the Filipino authorities. On the contrary, some litigation cases that have arisen over the years have shown that many overseas Vietnamese who had shown sympathy to their motherland by investing or contributing to the economic development for the past five decades still face unfair treatment despite their significant contribution to the country’s economic revival for reasons linked to divergence of opinions. 

The contributions of overseas Vietnamese - the Viet Kieu - are significant and should be recognised as their ties to the Vietnamese economy are fundamental. Recognising the contribution of overseas scholarly works as part of Vietnam's shared cultural legacy is the start of the reconciliation process for peace and integration. Furthermore, connecting the Vietnamese people from all walks of life, both internally and externally, regardless of their religious or political beliefs, to move past conflicts through the post-Cold War reconciliation process will be the ultimate act of peace that Vietnam has offered to the global peace movement. 

A unified Vietnam in spirit, rethinking Vietnamese new values in a globalised world, will give the Vietnamese the peace they deserve after centuries of defending their values and traditions. 

The Vietnam Ethics Series collection, initiated by the Vietnam Hoc Institute and published in collaboration with Globethics, attempts to build an anthropology of Vietnamese spiritual development through modern history, viewed through the lens of education, culture, and ethics. 

The series is available for free download as a PDF at https://globethics.net/vietnam-ethics-series.

See you in the next post,

Stay Safe,

Anita H.



About YourVietbooks.com
YourVietBooks is a selection of books and articles on and about Vietnam. Categories include: Culture, History, Vietnam War, Politics, Biographies, Contemporary Vietnam, International Relations, Doing Business in Vietnam, Reference and Languages, Zen Buddhism, Philosophy, Art and Literature.

WARNING: GOOGLE MAY USE SOME COOKIES, ANALYTICS AND ADSENSE ON THIS BLOG, BUT AS BLOGGER, WE DO NOT USE ANY COOKIES OURSELVES.

Oct 13, 2025

Integrating cultural and ethical dimensions : Vietnam's role in ASEAN


13 October 2025
@AndresAnhtho

Integrating Cultural and Ethical Dimensions - The Case for Vietnam

Vietnam's trajectory in ASEAN since 2000 has been marked by its emergence as a bridge between traditional values and modern integration, particularly in balancing economic growth with ethical governance. 

As part of the East Asian cultural sphere, Vietnam shares significant historical and philosophical values with China. These include Confucian principles such as harmony (hòa), hierarchy, reciprocity, and collective well-being, which have influenced its societal norms, governance, and diplomacy over more than 2,000 years of cultural exchange. 

This shared heritage—evident in Vietnam's historical use of Chinese characters, Confucian education systems, and emphasis on social order—distinguishes it culturally from many Southeast Asian neighbours, positioning Vietnam as a unique actor in ASEAN that can leverage these affinities for dialogue with China while advancing regional cohesion. In the context of ASEAN, this cultural relevance enhances Vietnam's role in fostering mutual understanding and cooperation. It mitigates tensions like those in the South China Sea through ethical, value-based diplomacy that echoes Confucian reciprocity, even as it promotes ASEAN's centrality amid great-power dynamics. 

Globethics publications on Vietnamese ethics incorporate elements of business ethics that stem from the Confucian code of conduct applicable in East Asian and Southeast Asian contexts.  The ten-volume publication project, initiated by the Vietnam Hoc Institute in Geneva and led by Anh Tho Andres, aims to identify shared values of the Vietnamese people with other ASEAN members. The work focuses on the cultural transformation of Vietnamese people who had shared the same value systems with other Chinese cultural societies for thousands of years, but could not avoid the cataclysm brought by a significant historical turning point. Similar to their Indochinese neighbours, who were trapped in the intersection between India and China, Vietnamese culture also adopts the influence of Buddhism and Taoism. While still keeping eastern wisdom in their thinking, their perspectives on life have changed a lot as a result of the long thirty-year struggle. Although the Open policy had brought some stability in economic dealings, Vietnamese society still faces numerous unsolved issues in the post-war context and new challenges posed by globalising trends.  

As Vietnam asserts its role as a sovereign nation, more issues arise concerning regional security due to its relationships with neighbouring countries, as well as the dilemma linked to the US-China trade war: which side should it choose, or how does it handle business partners? Shall it remain loyal to its Chinese partners who have supported the Vietnam War through ups and downs over 30 years? Shall Vietnamese people inside and outside reunite to move on to the road of freedom promised by the free world and take ownership of their sovereignty? Shall Vietnamese students opt for learning the Chinese language and prepare to serve Chinese business interests, or align with regional partners in ASEAN and be part of a stronger ASEAN community? 

All these questions lead to my reflections on the ethical dimensions and Vietnam's role in ASEAN, including geopolitical considerations (e.g., Vietnam's navigation of China-ASEAN ties amid shared Confucian heritage), strategic thinking on change management (governance and rule of law infused with ethical values), and educational purposes aiming to design a curriculum for  Gen Z (leveraging cultural ethics for engaging, value-based learning). The final outcome is to evaluate how Vietnam's ASEAN role exemplifies Confucian-inspired collectivism and harmony, driving regional cooperation, even as it adapts to global business ethics and geopolitical challenges.

Inspired by Globethics' work in applied ethics to Asian contexts such as the Philippines, Indonesia, India, and China, the Vietnam Ethics Series explores Vietnam's cultural ties that have shaped Vietnamese thinking for centuries, defining the most relevant aspects still present in the Vietnamese context. At the theoretical level, our research examines how applied ethics works in cultural diplomacy and regional integration. It draws inspiration from cultural contexts such as Latin America, Africa, and Eastern Europe, focusing on how these regions deal with change and consolidate their positions as sovereign nations in the context of globalisation.


Geopolitical Considerations: Relations with China and the ASEAN Community

Vietnam's ASEAN diplomacy since 2000 has leveraged Confucian values for "harmonious" relations, as seen in its handling of South China Sea disputes. Publications like National Values in Vietnam and the World (2025) explore how Vietnamese ethics, rooted in Confucianism, inform foreign policy by balancing China's influence (shared Confucian heritage) with ASEAN centrality. 

For instance, Vietnam's 2020 ASEAN chairmanship emphasised ethical cooperation amid COVID-19, echoing Confucian collectivism. Intercultural Business Ethics discusses issues related to Chinese investments in Southeast Asia, highlighting ethical tensions such as labour practices, while Vietnam seeks to foster mutual benefits with China while strengthening ASEAN ties. This geopolitical balancing act promotes regional stability, using Confucian-inspired diplomacy to mitigate conflicts. 

Other ASEAN nations, including Singapore, Malaysia, Cambodia, Thailand, Indonesia, and the Philippines, also share cultural and economic values with China through significant Chinese diaspora communities, which often form a substantial portion of successful businessmen in these countries. These communities exhibit strong business ethics rooted in trust, family networks, and relational harmony—hallmarks of Chinese commercial traits—that have facilitated the integration of Vietnamese businesses into existing regional networks since the launch of Vietnam's Doi Moi policy in 1986. This integration has enhanced economic ties, allowing Vietnam to tap into diaspora-driven trade and investment flows while aligning with ASEAN's broader connectivity goals.


Vietnam's Ongoing Effort to Align with the ASEAN Concept on Shared Values 

Incorporating the 2025 Globethics publication National Values in Vietnam and the World: New Contexts, Challenges, and Opportunities (edited by Nguyen Tai Dong and Christoph Stückelberger) highlights Vietnam's strategic alignment with ASEAN's foundational principles—such as mutual respect, non-interference, consensus-building, and shared prosperity—while navigating geopolitical interests in a globalised world. The book examines how Vietnam balances universal global values (e.g., human rights, sustainability, and democratic governance) with contextual ethical values rooted in its cultural heritage, including Confucianism, Buddhism, and socialism. In the context of globalisation, the discussion covers challenges like cultural erosion, economic disparities, and external pressures, offering opportunities for Vietnam to assert its national identity through ethical frameworks that promote harmony and reciprocity. 

Relevant to ASEAN, the book underscores Vietnam's efforts to integrate these values into regional mechanisms, such as the ASEAN Charter (2007) and the ASEAN Outlook on the Indo-Pacific (2019, updated 2025), where shared values mitigate geopolitical tensions with China (e.g., over maritime claims) by emphasising dialogue and collective security. This alignment has strengthened Vietnam's leadership, as seen in its push for ethical trade practices in the AEC and sustainable development goals, fostering mutual benefits across the bloc.


Change Management: Governance and the Rule of Law

Vietnam's governance reforms, influenced by ASEAN's rule-based frameworks (e.g., AEC 2015), integrate business ethics with Confucian values for ethical leadership. 

Vietnam in Transition (edited by Anh Tho Andres, 2022) examines cultural ethics in economic shifts, showing how Confucian duty enhances the rule of law in anti-corruption drives. Similarly, Vietnam Integration (edited by Anh Tho Andres and Christoph Stückelberger, 2023) features teachers' voices on ethical education, linking to change management in governance—e.g., harmonising traditional values with ASEAN legal standards. 

In a business context, Globethics' publications on intercultural approaches underscore how Confucian ethics support the transparent rule of law, aiding Vietnam's CPTPP accession and digital governance initiatives. The National Values book (2025) adds depth by exploring how globalisation challenges Vietnam to adapt contextual ethics to global norms, promoting resilient governance amid geopolitical shifts.

Furthermore, Prof. Christoph Stückelberger's concept of "Globalance," as outlined in his works such as Globalance: Ethics Handbook for a Balanced World Post-COVID (2021) and Globalance towards a New World Order: Ethics Matters and Motivates (2023) represent a visionary ethical approach to balancing opposites in a disrupted world, transforming crises—like those post-COVID—into opportunities for a dynamic new world order. He defines it as "the alternative to the disorder of the world," emphasising that ethics "matters and motivates" by fostering balances of values and virtues to achieve harmony amid uncertainty. 

In developing contexts like Vietnam, Globalance promotes ethical leadership to navigate globalisation's imbalances, such as urban-rural divides, by prioritising joint efforts and value-based reforms.

Building a Curriculum in Vietnamese Studies for Gen Z

For Gen Z learners, these publications offer tools to create engaging curricula on Vietnam's ASEAN role, blending ethics and culture. 

For instance, we can use Intercultural Business Ethics for case studies on ethical dilemmas in Southeast Asian trade, incorporating Confucian scenarios via interactive simulations (e.g., role-playing Vietnam-China negotiations). 

Based on the book National Values in Vietnam (2025), one can create modules on "Confucian values" by using digital podcasts or audiovisual explorations of Vietnamese history to discuss ethics in modern geopolitics, including ASEAN alignment on shared values. 

We can connect with Gen Z's values by framing Confucian harmony as sustainable business ethics, incorporating group projects on ASEAN's green initiatives. The book Religion and Public Policy adds diverse angles for inclusive curricula. This approach fosters global citizenship, making Vietnamese studies relevant and action-oriented.

In particular, the volume chapter Voices of Teachers in Vietnam Integration (2023) provides a foundational proposed curriculum for a Vietnam Hoc Study Programme. The chapter outlines a comprehensive curriculum framework for Vietnamese studies as a global discipline, emphasising integration of education, cultures, and ethics to bridge local traditions with international standards, including ASEAN contexts. 

It proposes a structured five-term program with specific volumes and themes, adaptable for Gen Z through online, interactive formats focusing on critical thinking, sustainability, and ethical leadership. 


Key elements of our Vietnam Ethics Series aim to 

  • To integrate Vietnamese values (e.g., Confucian harmony, Buddhist impermanence) into global program education for Gen Z Vietnamese, and to address historical disruptions such as colonialism and war, in relation to the will to modernisation and openness, like the Doi Moi policy. Globethics Academy courses on sustainability and CSR may help address some gaps identified by Vietnamese teachers in teaching business ethics in the global context.
  • To identify gaps in education for Gen Z, which include life skills such as critical thinking, values-based competencies, and cultural integration that enhance ASEAN students' competitiveness in the workplace, as well as international exposure through academic publications. The Gen Z students programme can benefit from Globethics digital tools to develop intercultural skills, initiate EQ frameworks for emotional stability, and adopt more ethical behaviour in learning about codes of conduct and international crime prevention standards.

The curriculum aligns with ASEAN's shared values through Globethics' ethical governance modules. It addresses geopolitical integration, fostering Gen Z's global citizenship through projects on cultural preservation in the context of globalisation.

Key summary points in this volume include

Economic and Social Analysis: The editor reviews Vietnam's GDP growth, Gini index, and CPI over three decades, concluding that economic restructuring has benefited most citizens but left rural populations facing infrastructure deficits, high healthcare/education costs from privatisation, and low productivity. A sustainable strategy is needed for a population nearing 100 million, with over 50% in the workforce, emphasising education reform for global competitiveness.

Ideological and Mindset Challenges: Under conservative Vietnamese Communist Party (VCP) leadership since 1945, development must align with ideology. The first step is changing mindsets, working habits, and integration processes. Issues hindering growth: low labour productivity (linked to agriculture), IT deficiencies in education, inadequate business management resources, and limited humanities/philosophy materials in Vietnamese.

Post-War Management and Persistent Divides: Managing macroeconomic changes post-war was complex; cultural/political divides from ideological and geographical differences persist, denying freedoms and causing emigration. Peace remains elusive, with parallel thought systems. Southern Vietnamese educational legacies are under-recognised, representing a loss for reconciliation and global integration.


Building a Bridge Between Teachers

In our first volume, Vietnam in Transition: Education, Culture and Ethics (2022), we mentioned "Overcoming the Aftermaths of Wars" through a reconciliation process between teachers from both sides. Indeed, while the diaspora possesses a wealth of competencies and looks forward to sharing them with the people in the country, there is a real crisis at home in developing talent due to a lack of information and resources. These are due to some gaps that need to be overcome.

In our second volume, "Vietnam Integration", we propose to use education as a tool for overcoming the aftermaths of war, promoting reconciliation, and building bridges between internal/external teachers through shared ethical and cultural narratives, directly informing Gen Z curricula on ASEAN integration and resilience.

Our proposed curriculum centres on teachers' voices for authentic, values-driven learning, adaptable for Gen Z through hybrid formats and ASEAN-focused simulations.

Key summary points include:

Vietnam Hoc Institute Vision: Propose a curriculum for Vietnam Hoc that integrates general knowledge of Contemporary Vietnam with high-quality learning resources. 

Our mission is to equip Vietnamese-origin students with an awareness of their cultural identity and their rights to access high-level education and work opportunities as global citizens. 

Another critical mission is to introduce non-Vietnamese to Vietnamese cultural values, traditions, and perspectives on cohabitation in a peaceful environment. 

The program addresses the IR 4.0 challenges related to competencies and educates students on the challenges and dilemmas in dealing with geopolitical and international trade between nations, covering peace/security, globalisation, human rights, and trade.

Alignment with International Standards: As a WTO and ASEAN member, Vietnamese education shall follow international business practices and UNESCO educational guidelines. The curriculum needs objective learning resources on Vietnam's history, geography, politics, philosophy, and literature to foster understanding of shared values.

Geopolitical and Research Focus: Understanding contemporary history and world politics while sharing common values is the priority of all citizens of the world.  Exploring topics like post-communism property rights, state-owned enterprise CSR, governance ethics, and sovereignty in globalisation. The knowledge gap—beyond language, rooted in philosophical/intercultural differences—justifies the curriculum as a platform for bridging.


Global dimensions of change under the lens of Globalance

The Globalance approach could guide the integration of global standards (e.g., ASEAN rule of law) with local socialist-Confucian ethics, ensuring equitable development and anti-corruption measures. Professor Stückelberger's ultimate goal—"to become human!"—aligns with Vietnam's efforts to humanise governance, balancing economic liberalisation with social justice, as seen in its anti-poverty initiatives and regional diplomacy. 

Overall, Globethics learning resources on global applied ethics could substantiate Vietnam's ethical pivot in ASEAN, where Confucian values underpin business ethics and regional harmony.

For more information on Globethics Ethics in context publications work, please consult the following link:

https://globethics.net/vietnam-ethics-series.

See you in our next post,


Anita H.


About YourVietbooks.com
YourVietBooks is a selection of books and articles on and about Vietnam. Categories include: Culture, History, Vietnam War, Politics, Biographies, Contemporary Vietnam, International Relations, Doing Business in Vietnam, Reference and Languages, Zen Buddhism, Philosophy, Art and Literature.

WARNING: GOOGLE MAY USE SOME COOKIES, ANALYTICS AND ADSENSE ON THIS BLOG, BUT AS BLOGGER, WE DO NOT USE ANY COOKIES OURSELVES.

Oct 12, 2025

Lessons Learned from the U.S.-Japan Trade War


12 October 2025

@AndresAnhtho

The U.S.-Japan trade war of the 1980s, culminating in the Plaza Accord of 1985, offers lessons relevant to the current U.S.-China trade war and its impact on ASEAN trade agreements, including Vietnam’s role.

The text below summarises key lessons from the U.S.-Japan trade war and the terms of the Plaza Accord aimed at reducing Japan’s trade surplus, drawing on insights from our prior discussions on Vietnam's role in ASEAN.

Lessons Learned from the U.S.-Japan Trade War

  • Currency Revaluation Has Limited Impact on Structural Trade Imbalances
The U.S.-Japan trade war highlighted that Japan’s trade surplus was driven by structural factors, such as high savings rates, export-oriented industrial policies, and non-tariff barriers, rather than just currency valuation. Despite the Plaza Accord’s success in appreciating the yen, the U.S. trade deficit with Japan persisted due to these deeper issues.

Vietnam’s trade surplus with the U.S. ($105 billion in 2025) similarly stems from structural advantages like low labour costs and FDI-driven exports. Currency adjustments alone won’t resolve trade tensions, as demonstrated by Vietnam’s need for governance reforms to enhance transparency and align with global trade standards, thereby mitigating U.S. tariff risks.
  • Currency Interventions Can Trigger Unintended Economic Consequences
The rapid yen appreciation (from ¥242 to ¥120 per USD by 1988) made Japanese exports costlier, contributing to an asset price bubble. Japan’s expansionary monetary and fiscal policies to counter this led to the bubble’s burst, sparking the “Lost Decade” of stagnation. While the Plaza Accord didn’t solely cause this, it set off a chain of events exacerbated by policy missteps.

Vietnam must be cautious of external pressures to revalue the dong, as rapid currency shifts could disrupt its export-led growth. Governance reforms in 2025, like digital trade integration, aim to stabilize Vietnam’s economy against such shocks, but overreliance on FDI and exports mirrors Japan’s vulnerabilities.
  • Protectionist Measures Escalate Tensions Without Long-Term Solutions:
U.S. actions, like 100% tariffs on Japanese electronics and semiconductors in 1987, temporarily curbed imports but didn’t address underlying competitiveness gaps. Japan’s concessions, such as voluntary export restraints and market access agreements (e.g., 20% U.S. semiconductor market share), reduced tensions but didn’t eliminate the trade deficit.

The U.S.’s 46% tariffs on Vietnamese goods in 2025 risk escalating trade disputes, similar to Japan’s experience. Vietnam’s governance restructuring, including anti-corruption measures, aims to deflect U.S. criticism of unfair practices, but ASEAN’s fragmented response (e.g., Vietnam’s unilateral tariff talks) weakens collective bargaining, echoing Japan’s isolated concessions.
  • Domestic Reforms Are Critical to Mitigate Trade War Impacts
Japan’s failure to implement structural reforms (e.g., reducing import barriers) before the Structural Impediments Initiative (SII) in 1989 limited its ability to adapt to yen appreciation. Post-crisis, Japan’s private sector diversified through overseas investment (e.g., Toyota’s $22 billion in the U.S.) and technological upgrades, which helped maintain global competitiveness.

Vietnam’s 2025 governance reforms—streamlining bureaucracy, enhancing digital trade via the ASEAN Single Window, and improving transparency—are proactive steps to strengthen resilience against U.S. tariffs and Chinese competition. However, ASEAN-wide coordination on non-tariff barriers, as ATIGA emphasizes, is crucial to avoid Japan’s fate of domestic policy delays.
  • International Cooperation Requires Strategic Alignment
Japan, as a U.S. ally, faced pressure to sign the Plaza Accord to avoid harsher measures like export controls. Its compliance reflected geopolitical dependence, unlike China’s current resistance to similar deals. The Accord’s mixed success showed that cooperation must balance national interests.

Vietnam’s non-aligned stance and ASEAN’s neutrality allow flexibility but limit leverage against U.S. demands. Governance reforms signal Vietnam’s commitment to global trade rules, but ASEAN’s lack of unity (e.g., Malaysia’s 2025 chairmanship push for cohesion) risks weakening the region’s ability to negotiate collectively, unlike the G5’s coordinated Accord.

The terms of the Plaza Accord aimed at reducing Japan’s trade surplus will help you understand the relevance with lessons learned from this.

Terms of the Plaza Accord to Reduce Japanese Trade Surplus

The Plaza Accord, signed on September 22, 1985, by the G5 (U.S., Japan, West Germany, France, U.K.) at the Plaza Hotel in New York, aimed to address U.S. trade deficits by depreciating the U.S. dollar. Key terms targeting Japan’s trade surplus included:

  • Currency Market Intervention and Impact

The G5 agreed to intervene in currency markets to appreciate the Japanese yen (and German Deutsche Mark) against the U.S. dollar. Central banks sold dollars and bought yen, leading to a 50% yen appreciation (from ¥242 to ¥120 per USD by 1988). This made Japanese exports costlier, aiming to reduce Japan’s $50 billion trade surplus with the U.S.

U.S. exports became more competitive, but Japan’s surplus persisted due to structural barriers like import restrictions.[](https://en.wikipedia.org/wiki/Plaza_Accord)

  •  Monetary Policy Coordination and Impact

Japan pledged to maintain loose monetary policies to support yen appreciation and stimulate domestic demand, reducing reliance on exports. The U.S. is committed to tighter fiscal policies to curb deficits.

Japan’s expansionary policies fueled an asset bubble, contributing to economic instability, while U.S. deficit reduction was inconsistent.

  • Trade Policy Commitments

 Japan agreed to reduce trade barriers and increase imports of U.S. goods, addressing accusations of “unfair” practices like high tariffs and restricted market access. This laid the groundwork for later agreements like the 1986 semiconductor pact and 1989 SII. 

Japan’s market remained challenging for U.S. goods due to cultural preferences and structural issues, limiting deficit reduction.

  • Exchange Rate Targets

The Accord set implicit target ranges for currency revaluation, with the yen appreciating significantly within two years. The 1987 Louvre Accord later stabilised rates to halt excessive dollar depreciation.

The yen’s rapid rise disrupted Japan’s export industries, triggering recessionary pressures, while the U.S. saw temporary trade improvements.

Relevance to ASEAN and Vietnam

Currency Risks: Vietnam and ASEAN must avoid Japan’s fate of rapid currency appreciation, which could disrupt export-led growth. Vietnam’s governance reforms, like digital trade systems, aim to diversify economic drivers, but ASEAN’s exposure to Chinese imports via RCEP mirrors Japan’s post-Accord vulnerabilities.

Trade Policy Coordination: The Plaza Accord’s coordinated approach contrasts with ASEAN’s fragmented response to U.S. tariffs. Vietnam’s unilateral negotiations echo Japan’s concessions, risking regional cohesion under ATIGA.

Structural Reforms: Vietnam’s 2025 anti-corruption and transparency measures reflect Japan’s later SII efforts to align with global norms. However, ASEAN must accelerate ATIGA’s non-tariff barrier reductions to counter U.S. protectionism, learning from Japan’s delayed reforms.

Geopolitical Strategy: Unlike Japan’s U.S. alignment, Vietnam’s non-aligned stance and ASEAN’s neutrality require strategic diplomacy to resist Plaza-like agreements. Malaysia’s 2025 ASEAN push for unity could strengthen this, but internal divisions persist.

Conclusion

The U.S.-Japan trade war and Plaza Accord teach that currency interventions and protectionism offer short-term fixes but risk long-term economic damage, as seen in Japan’s Lost Decade. Structural reforms and diversified trade strategies are critical, as Vietnam’s 2025 governance restructuring demonstrates. 

For ASEAN, Japan’s experience underscores the need for unified trade policies under ATIGA to counter U.S.-China trade war pressures. The Accord’s terms—currency intervention, monetary coordination, and trade commitments—partially reduced Japan’s surplus but at a high cost, a cautionary tale for Vietnam and ASEAN navigating today’s trade landscape. 

As for my interest, I will continue to explore the Vietnamese-Japanese comparative values under new post. Let's keep in touch. 

 


About YourVietbooks.com
YourVietBooks is a selection of books and articles on and about Vietnam. Categories include: Culture, History, Vietnam War, Politics, Biographies, Contemporary Vietnam, International Relations, Doing Business in Vietnam, Reference and Languages, Zen Buddhism, Philosophy, Art and Literature.

WARNING: GOOGLE MAY USE SOME COOKIES, ANALYTICS AND ADSENSE ON THIS BLOG, BUT AS BLOGGER, WE DO NOT USE ANY COOKIES OURSELVES.

Trade War Impact on ASEAN and Vietnam Open Policy


Started in April 2025

Anh Tho Andres


Until last year, I was not really paying attention to what was going on with the US-China Trade war, partially because the Biden Administration had not drawn too much interest from someone like me living outside the US sphere. But since President Trump assumed the presidency, I started to follow the implications of his new policies on trade, among others.

My work on Vietnam began in the 1990s when I was a young interpreter in Vietnamese, accompanying businessmen to explore the new Vietnam as it unfolded its economic open policy. My frequent trips to Vietnam have allowed me to follow the ongoing efforts to integrate the young post-war economy into the regional and global trade. Firstly, through its entry to ASEAN, then to the WTO; These two steps were accompanied a series of reforms that I have recorded in my doctoral thesis on the restructuring of state-owned enterprises and the development of the private sector, with the input of FDI investments mainly through Singapore, Taiwan, Hong Kong, Thailand, and Malaysia where there is a strong Chinese business community. With the increasing volume of trades between these countries, Vietnam has attracted more trading partners from East Asian economies who are keen on maintaining their long-term trade relationships with former South Vietnam and continuing with a united Vietnam post-war.

With increased international development following the normalisation of US-Vietnam relations and the lifting of the US embargo on Vietnamese products entering the US, more US residents of Vietnamese origin also contributed to Vietnam's development at a certain level. However, China was the focus of worldwide attention due to their attractiveness in many ways, as compared to Vietnam's seemingly slow growth and timid reforms. The situation has changed since US policies started to change direction with a stronger focus on our region, mainly due to geopolitical considerations.

This text provides a concise summary of the impact of the U.S.-China trade war on ASEAN trade agreements, focusing on the ASEAN Trade in Goods Agreement (ATIGA) and Vietnam’s governance restructuring, based on my previous research (April 18, 2025) and relevant web sources.

Trade War Dynamics and ASEAN Trade Agreements

  • The U.S.-China trade war, escalating with U.S. tariffs of 125–145% on Chinese goods and China’s retaliatory 84% tariffs in 2025, has redirected trade flows through ASEAN, boosting intra-ASEAN trade under agreements like ATIGA.
  • ATIGA, effective since 2010, eliminates tariffs on 99.65% of tariff lines for Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand, and reduces duties to 0–5% for Cambodia, Laos, Myanmar, and Vietnam, supporting a $3.8 trillion market. The trade war has increased intra-ASEAN trade by enhancing regional supply chains, with ASEAN’s share of U.S. imports rising 2.6% from 2018 to 2020, matching China’s decline.
  • However, risks include transhipment (rerouting Chinese goods through ASEAN to evade tariffs), prompting scrutiny from the U.S. Trump administration’s 2025 tariffs (10% universal, 54% on China, and targeted rates on Vietnam, Thailand, Indonesia) threaten ATIGA’s benefits, with Vietnam facing 46% tariffs, potentially disrupting its $105 billion U.S. trade surplus.
Vietnam’s Role and Economic Gains
  • Vietnam has emerged as a key beneficiary, leveraging ATIGA and other agreements like the CPTPP, EVFTA, and U.S.-Vietnam BTA to drive $150 billion in exports and $36.6 billion in FDI. Its “China + N” supply chain strategy attracts manufacturers diversifying from China, boosting electronics and textile exports.
  • The trade war has spurred Vietnam’s economy through production shifts, rising exports, and infrastructure investment, with its share of U.S. imports growing significantly post-2018. However, risks include competition from Chinese exporters flooding ASEAN markets, potentially widening trade deficits under the RCEP, which could reduce intra-ASEAN trade as members import more from China.
Vietnam’s Governance Restructuring 
  • In 2025, Vietnam implemented governance reforms to enhance transparency and align with global trade standards, boosting investor confidence and FDI. These reforms include anti-corruption measures, streamlined bureaucracy, and digital trade integration via the ASEAN Single Window and electronic rules of origin, aligning with ATIGA’s focus on non-tariff barriers and digital economy growth.
  • Restructuring supports Vietnam’s $36.6 billion FDI inflow by improving trade policy transparency, countering U.S. tariff risks, and enhancing its role in ATIGA’s $235 billion FDI market. However, challenges persist, such as U.S. scrutiny over transhipment and domestic industry vulnerabilities to cheap Chinese imports via e-commerce, threatening local jobs.
Challenges and Regional Implications
  • The trade war pressures ASEAN unity, with Vietnam’s unilateral tariff negotiations with the U.S. undermining collective bargaining under ATIGA. Malaysia’s 2025 ASEAN chairmanship calls for a united front, but diverse national interests hinder coordination.
  • ASEAN faces risks of economic dependency on China, with Chinese goods flooding markets like Vietnam (4–5 million daily e-commerce orders, ~$2 billion monthly), threatening local industries like textiles (80,000 job losses in Indonesia in 2024). Neutrality in U.S.-China tensions could yield a 1% GDP gain for ASEAN, but aligning with either risks economic fallout.

Sub-Conclusion

The U.S.-China trade war has bolstered intra-ASEAN trade under ATIGA by redirecting supply chains. Vietnam is capitalising through exports and FDI, supported by 2025 governance reforms that enhance transparency and digital trade.

However, U.S. tariffs, Chinese export surges, and transhipment risks threaten ATIGA’s stability and Vietnam’s gains, while ASEAN’s lack of unity complicates responses. Vietnam’s reforms mitigate some risks, but balancing U.S. and Chinese pressures remains critical.

In my next post, I will share more findings on the current globalisation trends based on the power dynamics between Global North and Global South players.

Let's keep on exploring the world with the assistance of my new friend GROK/.


About YourVietbooks.com
YourVietBooks is a selection of books and articles on and about Vietnam. Categories include: Culture, History, Vietnam War, Politics, Biographies, Contemporary Vietnam, International Relations, Doing Business in Vietnam, Reference and Languages, Zen Buddhism, Philosophy, Art and Literature.

WARNING: GOOGLE MAY USE SOME COOKIES, ANALYTICS AND ADSENSE ON THIS BLOG, BUT AS BLOGGER, WE DO NOT USE ANY COOKIES OURSELVES.

Vietnamese Free Trade Agreements Overview


12 October 2025
Anh Tho Andres

Lately, the question arises whether Vietnam would become a leading destination for FDI and a trading partner, thanks to its ongoing efforts to enhance its capabilities and linkages to global trade. Therefore it was necessary ro identify new opportunities with business partners coming from these locations. 

Vietnam has emerged as a significant player in global trade, leveraging an extensive network of free trade agreements (FTAs) to enhance its economic integration. 

The main trade partners are identified as countries or regions with significant trade volumes or strategic importance, such as the United States, China, the European Union, Japan, South Korea, and ASEAN members, among others.

Below is a comprehensive list of Vietnam’s trade agreements based on information from reputable sources, including government websites, international trade organisations, and recent analyses up to 2025. 

Multilateral and Regional Trade Agreements


Vietnam is a signatory to several multilateral and regional trade agreements that involve multiple key trade partners. 

These agreements are critical for Vietnam’s export-oriented economy:

World Trade Organisation (WTO)
  • Status: Vietnam became the 150th member on January 11, 2007.
  • Partners: Global WTO members, including major trade partners like the United States, China, EU, Japan, South Korea, and others.
  • Details: Vietnam committed to WTO agreements on Customs Valuation, Technical Barriers to Trade (TBT), and Sanitary and Phytosanitary Measures (SPS), ensuring non-discriminatory trade practices. This membership opened access to global markets under Most Favored Nation (MFN) principles.
  • Impact: Facilitates Vietnam’s integration into global trade, with tariff reductions and market access for exports like electronics and textiles.

ASEAN Free Trade Area (AFTA)
  • Status: Effective since 1993, as part of Vietnam’s membership in the Association of Southeast Asian Nations (ASEAN).
  • Partners: ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand).
  • Details: AFTA reduces tariffs to 0–5% for most goods within ASEAN, promoting a competitive trading region. Vietnam benefits from preferential tariffs and unified rules of origin.
  • Impact: Strengthens intra-ASEAN trade, with Singapore, Thailand, and Malaysia as key export markets for Vietnam’s agricultural and manufactured goods.

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
  • Status: Effective for Vietnam since January 14, 2019.
  • Partners: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore.
  • Details: The CPTPP eliminates 95–98% of tariffs among members and includes high standards for intellectual property, labour, and digital trade. Vietnam’s Ministry of Planning and Investment forecasts a 1.3% GDP increase by 2035.
  • Impact: Boosts Vietnam’s exports to Canada, Mexico, and Japan, particularly in textiles, footwear, and seafood. This initiative enhances high-tech investment, supporting Vietnam’s semiconductor ambitions.

Regional Comprehensive Economic Partnership (RCEP)
  • Status: Effective since 2022.
  • Partners: ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam) plus Australia, China, Japan, South Korea, and New Zealand.
  • Details: RCEP aims to eliminate ~90% of tariffs within 20 years, with unified rules of origin to facilitate supply chains. It focuses less on labour, environment, or subsidies compared to CPTPP.
  • Impact: Strengthens trade with China (Vietnam’s largest trading partner), Japan, and South Korea, particularly in electronics and intermediate goods. However, it raises concerns about over-reliance on Chinese supply chains.

ASEAN-China Free Trade Agreement (ACFTA)
  • Status: Effective since 2002, upgraded in 2015.
  • Partners: China and ASEAN members.
  • Details: Reduces tariffs on ~90% of goods and facilitates investment. China’s economic size and proximity drive Vietnam’s trade intensity, with intermediate goods comprising ~70% of bilateral trade in 2023.
  • Impact: China is Vietnam’s largest import source for components used in manufacturing exports. However, concerns exist about trade fraud and rules of origin violations.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
  • Status: Effective since 2008.
  • Partners: Japan and ASEAN members.
  • Details: Lowers tariffs on goods like electronics and automotive parts, with commitments to services and investment liberalisation.
  • Impact: Japan is a key market for Vietnam’s textiles and seafood, and a major FDI source in manufacturing.

ASEAN-Korea Free Trade Agreement (AKFTA)
  • Status: Effective since 2007.
  • Partners: South Korea and ASEAN members.
  • Details: Eliminates tariffs on ~90% of goods, with focus on electronics, machinery, and agricultural products.
  • Impact: South Korea is a top export market for Vietnam’s electronics and a significant investor in high-tech sectors.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
  • Status: Effective since 2010.
  • Partners: Australia, New Zealand, and ASEAN members.
  • Details: Reduces tariffs on 90–100% of goods, with commitments to services and investment.
  • Impact: Boosts Vietnam’s agricultural exports (e.g., rice, seafood) to Australia and New Zealand, and attracts FDI in manufacturing.

ASEAN-India Free Trade Agreement (AIFTA)
  • Status: Effective since 2010.
  • Partners: India and ASEAN members.
  • Details: Lowers tariffs on goods like textiles, chemicals, and agricultural products, though sensitive sectors retain protection.
  • Impact: India is a growing market for Vietnam’s electronics and agricultural exports, but trade volume remains smaller than with other partners.


Bilateral Free Trade Agreements

Vietnam has also signed bilateral FTAs with key trade partners to deepen economic ties:

U.S.-Vietnam Bilateral Trade Agreement (BTA)
  • Status: Signed in 2000, effective since December 10, 2001.
  • Partner: United States.
  • Details: Covers trade in goods, services, intellectual property, investment protection, and transparency. Reduced U.S. tariffs on Vietnamese goods from ~40% to ~3%. Vietnam committed to market reforms, phased in over the years. The U.S. granted Vietnam permanent normal trade relations (PNTR) in 2006, supporting WTO accession. Impact: Bilateral trade grew from $2.9 billion in 2002 to $149.6 billion in 2024, with Vietnam as the U.S.’s 6th largest import source. Key exports include electronics and textiles, though issues like trade surplus and non-market economy status persist.
  • Note: The U.S. and Vietnam agreed to start trade agreement talks in April 2025, aiming to reduce non-tariff barriers, but no new FTA has been finalised.
EU-Vietnam Free Trade Agreement (EVFTA)
  • Status: Signed June 30, 2019, effective since August 1, 2020.
  • Partner: European Union (27 member states).
  • Details: Eliminates 99% of tariffs over 10 years, with provisions for services, investment, and sustainable development. The EU-Vietnam Investment Protection Agreement (EVIPA) awaits ratification by all EU members (16 ratified by October 2023).
  • Impact: Total trade reached €64.2 billion in 2023, with Vietnam exporting electronics, footwear, and coffee, and the EU exporting high-tech goods. The EU is a top FDI source in Vietnam’s manufacturing sector.
UK-Vietnam Free Trade Agreement (UKVFTA)
  • Status: Effective since May 1, 2021 (post-Brexit continuation of EVFTA terms).
  • Partner: United Kingdom. Details: Mirrors EVFTA, eliminating 99% of tariffs over 7 years, with a focus on goods, services, and investment.
  • Impact: Supports Vietnam’s exports of textiles and seafood to the UK, maintaining trade continuity post-Brexit.
Vietnam-Japan Economic Partnership Agreement (VJEPA)
  • Status: Effective since 2009.
  • Partner: Japan.
  • Details: Reduces tariffs on 88% of goods, with Japan lowering barriers on Vietnam’s agricultural and fishery products, and Vietnam opening markets for Japanese machinery and electronics.
  • Impact: Complements AJCEP, strengthening Japan’s role as a top export market and FDI source.
Vietnam-Korea Free Trade Agreement (VKFTA)
  • Status: Effective since 2015.
  • Partner: South Korea.
  • Details: Eliminates tariffs on 89% of goods, focusing on electronics, textiles, and agricultural products. Complements AKFTA.
  • Impact: Enhances South Korea’s position as a key market for Vietnam’s smartphones and garments, and a leader in FDI for technology.
Vietnam-Chile Free Trade Agreement
  • Status: Effective since 2014.
  • Partner: Chile.
  • Details: Reduces tariffs on 87% of goods, with Vietnam exporting seafood and textiles, and Chile exporting copper and wine.
  • Impact: Modest trade volume but diversifies Vietnam’s markets in Latin America.
Vietnam-Cuba Free Trade Agreement
  • Status: Effective since 2020.
  • Partner: Cuba.
  • Details: Lower tariffs on goods like rice, textiles, and pharmaceuticals, with Cuba exporting vaccines and medical equipment.
  • Impact: Limited trade volume but supports Vietnam’s outreach to non-traditional markets.

Vietnam-Israel Free Trade Agreement
  • Status: Signed in 2023, effective since 2024.
  • Partner: Israel.
  • Details: The agreement eliminates tariffs on 93% of goods, with Vietnam exporting electronics and agricultural products, and Israel exporting high-tech equipment.
  • Impact: Enhances Vietnam’s access to Israel’s technology sector, though trade remains small.
Vietnam-Eurasian Economic Union Free Trade Agreement (VN-EAEU FTA)
  • Status: Effective since 2016.
  • Partners: Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan.
  • Details: Reduces tariffs on 90% of goods, with Vietnam exporting seafood and textiles, and EAEU exporting machinery and energy products.
  • Impact: Russia is the primary partner, with growing trade in agricultural goods, though geopolitical tensions limit potential.

Additional Notes

  • Total FTAs: Vietnam is a signatory to 18 active and planned FTAs, covering bilateral and multilateral agreements.
  • Key Trade Partners: China (largest import source), the U.S. (largest export market), the EU, Japan, South Korea, and ASEAN members dominate Vietnam’s trade. In 2023, U.S.-Vietnam trade was $124.27 billion, EU-Vietnam trade was €64.2 billion, and China-Vietnam trade was significant due to supply chain integration.
  • Emerging Agreements: Vietnam is negotiating potential FTAs, such as with Thailand (via EU-Thailand FTA discussions indirectly affecting ASEAN) and exploring deeper U.S. ties, though non-market economy status remains a hurdle.
  • Challenges: Issues include trade imbalances (e.g., U.S. trade deficit), rules of origin violations (e.g., Chinese goods relabeled as “Made in Vietnam”), and bureaucratic hurdles affecting FDI.
  • Strategic Importance: FTAs like CPTPP, RCEP, and EVFTA position Vietnam as a hub for high-tech manufacturing and a “friendshoring” partner, particularly for the U.S. and EU, amid efforts to diversify from China.

Critical Perspective

Vietnam’s extensive FTA network reflects its open policy success, as noted in the World Bank’s 2020 reports, driving export-led growth. However, over-reliance on China for intermediate goods, trade surpluses with the U.S., and weaker labour/environmental provisions in agreements like RCEP raise concerns. The World Bank’s optimism about trade openness may underplay these vulnerabilities, and Vietnam must address bureaucratic transparency and infrastructure to maximise FTA benefits.

(Source: various sources combined, assisted by AI)


About YourVietbooks.com
YourVietBooks is a selection of books and articles on and about Vietnam. Categories include: Culture, History, Vietnam War, Politics, Biographies, Contemporary Vietnam, International Relations, Doing Business in Vietnam, Reference and Languages, Zen Buddhism, Philosophy, Art and Literature.

WARNING: GOOGLE MAY USE SOME COOKIES, ANALYTICS AND ADSENSE ON THIS BLOG, BUT AS BLOGGER, WE DO NOT USE ANY COOKIES OURSELVES.

World Bank on Vietnam Open Policy in brief


August 2025

by Anh Tho Andres

In 2012, I started my PhD research on the restructuring of Vietnamese state-owned enterprises, which necessitated a big tour on governance and transition economies theories. Replying to the question of whether the privatisation process was a success or not. I concluded in my thesis, presented in early 2019, that trust was the key to addressing such a question.

I started my new project on Vietnamese Studies (In Vietnamese, Vietnam Hoc) with a focus on the question: Are there true Vietnamese values? By returning to my cultural roots and completing the first two volumes of the Vietnam Ethics Series, I began writing my third book on my journey to inner harmony, entitled "Coming Home".

One of the questions that kept coming back to my mind is about where is the destiny of Vietnamese people heading in all this turmoil happening in the region: First, the US-China Trade war and the fate of Taiwan in this; Then, what is happening in the EU-US-Russia relations that reminds me of the Cold War period, where Vietnamese was drawned into the 30 year war; and now, the new US pivot strategy to Southeast Asia, which once more involves Vietnam in the midst of the trade war and the deglobalistion trend.

In this context, my reflections have been focusing on the consequences of all that has been happening since the Doi Moi was started in 1986, marking a shift in Vietnamese politics ever since.

Here is a short overview, assisted by AI, on the topic.

The World Bank’s 2020 reports, particularly Vibrant Vietnam: Forging the Foundation of a High-Income Economy and related documents, provide insights into Vietnam’s open policy environment, focusing on economic reforms, trade openness, and institutional progress. Below is an assessment of Vietnam’s open policy based on these reports, emphasising trade, investment, and economic governance, with a critical examination of the findings.

Overview of Vietnam’s Open Policy

Vietnam’s open policy, rooted in the Doi Moi reforms of 1986, has transitioned the country from a centrally planned economy to a market-oriented one, making it one of the most open economies in terms of trade and foreign direct investment (FDI). By 2020, Vietnam was recognised as a lower-middle-income country with significant progress in poverty reduction and economic growth, driven by trade liberalisation, FDI-led manufacturing, and export-oriented policies. The World Bank highlights Vietnam’s integration into global markets as a key driver of its development success, noting that its GDP growth of 2.9% in 2020, despite the COVID-19 pandemic, was one of the highest globally.

Key Aspects of Open Policy in 2020

  • Trade Openness
    • Achievements: Vietnam has excelled in trade openness, becoming one of the most open economies globally. The World Bank notes that Vietnam’s trade-to-GDP ratio is among the highest, driven by participation in free trade agreements (FTAs) like the EU-Vietnam FTA and the UK-Vietnam FTA (effective 2021). Exports, particularly in electronics and manufacturing, remained robust in 2020, supported by strong FDI inflows.
    • Evidence: The Vibrant Vietnam report emphasises that Vietnam’s export-led growth model, backed by FDI, has boosted living standards and productivity. The country’s ability to maintain export performance during the COVID-19 crisis reflects the resilience of its trade policies.
    • Critical View: While trade openness has driven growth, it has also increased reliance on external markets, exposing Vietnam to global shocks. The report does not fully address vulnerabilities like supply chain disruptions or over-dependence on specific sectors (e.g., electronics).

  • Foreign Investment and Business Environment
    • Achievements: Vietnam’s open policy has attracted significant FDI, particularly in manufacturing, due to low labour costs, stable policies, and FTAs. The World Bank’s Doing Business 2020 report ranked Vietnam 70th out of 190 economies, reflecting improvements in economic governance and infrastructure. Reforms in 2020, such as removing foreign ownership limits in the electronic payments sector, enhanced regulatory certainty for investors.
    • Challenges: Despite progress, the World Bank notes persistent issues, including complex tax regulations, retroactive legal changes, and preferential treatment for state-owned enterprises (SOEs). The Vibrant Vietnam report suggests that Vietnam’s business environment needs further transparency and competition to support dynamic firms.
    • Critical View: The World Bank’s optimism about FDI inflows may overlook uneven benefits, as rural areas and small enterprises often see limited gains. Additionally, foreign investors’ complaints about bureaucratic hurdles and corruption (noted in the Doing Business report) suggest that openness is not uniformly effective.

  • Institutional Reforms and Governance
    • Achievements: Vietnam has implemented reforms to support its open policy, including e-government platforms and single-window services to streamline administrative processes. The Vibrant Vietnam report praises Vietnam’s progress in social inclusion and poverty reduction, which complements economic openness by ensuring broader societal benefits.
    • Challenges: The World Bank emphasises that Vietnam’s institutions have not evolved as quickly as its economy, limiting the effectiveness of open policies. The Vibrant Vietnam report highlights uneven implementation of development priorities, with gaps in infrastructure, green growth, and digital transformation. It recommends five institutional reforms to enhance policy coordination and implementation capacity.
    • Critical View: The World Bank’s focus on institutional weaknesses may understate the role of political constraints, such as restricted freedom of association and corruption (Vietnam ranked 104th in Transparency International’s 2020 Corruption Perceptions Index). These factors could undermine the sustainability of open policies.

  • Productivity and Economic Transition
    • Achievements: The Vibrant Vietnam report underscores that Vietnam’s open policy has facilitated structural transformation from agriculture to manufacturing, boosting productivity. However, to achieve high-income status by 2045, Vietnam must shift to a productivity-driven model, emphasising innovation, skills, and efficient infrastructure.
    • Challenges: The report notes that traditional growth drivers (e.g., low-cost labour) are weakening, and labour productivity remains low due to high informality and limited high-skilled jobs. The World Bank suggests policies to modernise agriculture, improve education, and enhance digital infrastructure to sustain openness.
    • Critical View: The World Bank’s productivity focus assumes a smooth transition to a high-income economy, but structural issues like informal labour (40–79% of the workforce) and educational disparities may pose significant barriers. The report’s recommendations may be overly optimistic without addressing these entrenched challenges.

Impact of COVID-19 on Open Policy

The World Bank’s 2020 monitoring surveys (Monitoring COVID-19 Impacts on Households and Firms in Vietnam) highlight that Vietnam’s open policies faced challenges during the pandemic but remained resilient. Low infection rates and decisive containment measures allowed Vietnam to maintain export performance and economic stability. However, the pandemic exposed vulnerabilities, such as job losses in the informal sector and limited social protection coverage, which affected the inclusivity of open policies. The World Bank recommends strengthening safety nets and supporting small firms to enhance resilience.

Critical Assessment

Vietnam’s open policy in 2020, as assessed by the World Bank, is a success story of trade liberalisation and FDI-driven growth, transforming the country into a dynamic emerging economy. However, the World Bank’s narrative may overemphasise achievements while downplaying systemic issues:

  • Strengths: Vietnam’s integration into global markets, robust export growth, and FDI inflows demonstrate the effectiveness of its open policy. Institutional reforms and governance improvements have supported this trajectory.
  • Weaknesses: Bureaucratic inefficiencies, corruption, and uneven institutional capacity limit the benefits of openness. The reliance on low-cost labor and external markets poses risks to long-term sustainability.
  • Gaps in Analysis: The World Bank’s reports do not deeply explore political constraints or the social costs of rapid liberalization, such as regional disparities or environmental degradation. The assumption that institutional reforms alone can address these issues may be overly simplistic.

Recommendations from the World Bank

The Vibrant Vietnam report proposes the following to strengthen Vietnam’s open policy:

  1. Foster dynamic firms through competition and transparent regulations.
  2. Improve infrastructure efficiency and sustainability.
  3. Enhance skills through higher education and vocational training.
  4. Promote green growth and digital transformation.
  5. Strengthen institutional capacity for policy implementation.

Conclusion

In 2020, Vietnam’s open policy was a cornerstone of its economic resilience and growth, as detailed in World Bank reports. The country’s trade openness and FDI attractiveness positioned it as a regional leader, but challenges in governance, productivity, and inclusivity remain. While the World Bank’s assessment is largely positive, a critical perspective suggests that deeper structural and political reforms are needed to ensure sustainable and equitable growth. For a comprehensive understanding, stakeholders should complement World Bank findings with local perspectives and data on social and environmental impacts.


(Source: Diverse sources compiled).



About YourVietbooks.com
YourVietBooks is a selection of books and articles on and about Vietnam. Categories include: Culture, History, Vietnam War, Politics, Biographies, Contemporary Vietnam, International Relations, Doing Business in Vietnam, Reference and Languages, Zen Buddhism, Philosophy, Art and Literature.

WARNING: GOOGLE MAY USE SOME COOKIES, ANALYTICS AND ADSENSE ON THIS BLOG, BUT AS BLOGGER, WE DO NOT USE ANY COOKIES OURSELVES.