Experience shows that orthodox economic prescriptions for developing countries such as privatisation and price liberalisation do not necessarily lead to efficiency and growth. The critical role of complementary institutions emerges as a central issue. As a relative “latecomer” to East Asian Industrialisation, Vietnam has been successful so far in terms of managing a transition from central planning and implementing policy changes that have unleashed growth. But are these policy changes enough to sustain growth into the longer term? Does Vietnam have the right strategy to acquire value-adding technologies and the institutions to manage the increasingly complex processes of industrialisation in the context of globalisation? To address these questions, this publication brought together a number of differing perspectives from Japanese, British and Vietnamese researchers. Authors include: Professor Keinichi Ohno, Mushtaq Khan, Professor Do Duc Dinh, Professor Le Dang Doanh, Nguyen Thi Thanh Huyen, Doan Hong Quang. Click to download entire volume: English.