Vietnam's trade policy

Abstract

Policy of trade is one of the most important economic policies. A wrong policy of trade would not create a propitious environment of trade; thus failing to lead to a high a sustainable growth. Liberalization of trade is now the general issue of the world. The economic successes in the recent decades were also linked with the policy of trade liberalization. No nation in the world, which is opposed to trade liberalization, has obtained economic achievements. It is also evidenced by Vietnam's more than ten years of renovation (1986- 2000). The policy of trade is of decisive significance to all nations in general, and to Vietnam in particular. Realities of the world have shown that the trend of trade liberalization is a necessary trend that every country has to take into account in the process of their policy formation. Vietnam is also conscious of this objective development trend. The question is how to take up this trend in an effective and appropriate manner in Vietnam. There is no simple question, which can find a ready answer within a short time. Vietnam will have to study the experience of other countries, analyzing its own conditions and resources, work out policies and put them to practical test and to readjust them in conformity with realities. During over more than 10 years of renovation, Vietnam have obtained considerable fruitful results in this direction, and it is a belief that in the coming future, Vietnam will be able to do much more trade liberalization with even greater successes.