Transition economies allow the study of fundamental questions about the nature of markets. How do they arise and do they necessarily follow the same modus operandi as markets in other countries? How does the opening of the economy to global market influences affect the process of institutional change? This book focuses on the differentiated ways in which the double transition in Vietnam, from central planning and from under-development, affects various sectors of the population.

Transition economies allow the study of fundamental questions about the nature of markets. How do they arise and do they necessarily follow the same modus operandi as markets in other countries? How does the opening of the economy to global market influences affect the process of institutional change? This book focuses on the differentiated ways in which the double transition in Vietnam, from central planning and from under-development, affects various sectors of the population.

This study explains the economic upheavals experienced by Vietnam since the end of the War in terms of historical developments, especially the legacy of separation of North and South from 1954 to the 1975 Communist victory and traces aspects of the divided economies which have been of significance.