Light manufacturing in Vietnam creating jobs and prosperity in a middle-income economy / Hinh T. Dinh with contributions by Deepak Mishra, Le Duy Binh, and Pham Minh Duc.

Author/creator Dinh, Hinh T., 1953-
Other author Mishra, Deepak, 1968-
Format Electronic
Publication InfoWashington, DC : The World Bank, [2014]
Description1 online resource.
Supplemental ContentFull text available from Ebook Central - Academic Complete
Subjects

SeriesDirections in development
Contents Industrial growth in the overall development context -- Industrial structure and sectoral issues -- Strengthening light manufacturing -- Apparel -- Leather -- Wood products -- Metal products -- Agribusiness -- Synthesis, reforms, and policy recommendations.
Abstract "Light Manufacturing in Vietnam makes the case that, if the country is to continue along a rapid economic growth path and create jobs, it must undertake a structural transformation that can lift workers from low-productivity agriculture and the mere assembly of imported inputs to higher-productivity activities. Vietnam needs to address fundamental issues in the manufacturing sector that, until now, have been masked by economic growth. The book shows that there is a dichotomy between domestic enterprises and enterprises supported by foreign direct investment. The dominant state-owned enterprises and foreign-invested firms are often not integrated with smaller, domestic firms through backward or forward links in the use of domestically produced inputs or intermediate products. Growth in the domestic light manufacturing sector has arisen from the sheer number of micro and small enterprises rather than from expansion in the number of medium and large firms. As a consequence, final products have little value added; technology and expertise are not shared; and the economy has failed to move up the structural transformation ladder. This structure of production is one of the reasons Vietnam's rapid process of industrialization over the last three decades has not been accompanied by a favorable trade balance"-- Provided by publisher.
Bibliography noteIncludes bibliographical references and index.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Terms of useCreative Commons Attribution 4.0 International. CC BY 4.0 https://creativecommons.org/licenses/by/4.0/legalcode
Source of descriptionDescription based on print version record and CIP data provided by publisher.
Issued in other formPrint version: Dinh, Hinh T., 1953- author. Light manufacturing in Vietnam Washington, DC : The World Bank, [2014] 9781464800344
Genre/formElectronic books.
LCCN 2013049417
ISBN9781464800351 (epub)

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