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The Economics of Measuring Fiscal Decentralisation Part 4: Fiscal Decentralisation in Vietnam, China, and Selected Asean Nations

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  • Economics

Abstract

Microsoft Word - 08 16 Vo.doc ECONOMICS THE ECONOMICS OF MEASURING FISCAL DECENTRALISATION PART IV: FISCAL DECENTRALISATION IN VIETNAM, CHINA, AND SELECTED ASEAN NATIONS By Duc Vo The University of Western Australia DISCUSSION PAPER 08.16 THE ECONOMICS OF MEASURING FISCAL DECENTRALISATION PART IV: FISCAL DECENTRALISATION IN VIETNAM, CHINA, AND SELECTED ASEAN NATIONS1 By Duc Hong Vo UWA Business School The University of Western Australia DISCUSSION PAPER 08.16 1 This paper comprises Chapters 7, 8 and 9 of my PhD thesis, The Economics of Measuring Fiscal Decentralisation, The University of Western Australia, 2008. The full thesis is available as Discussion Papers 08.13 to 08.16. 145 CHAPTER 7 VIETNAM’S FISCAL HISTORY AND DECENTRALISATION FROM 1976 TO 2007 7.1 Introduction Vietnam is a developing country in the South-East Asian region with per capita income of US$ 750 in 2007 and a public sector that represents about one quarter of the national economy. The country has faced many challenges in the process of economic growth as a fully independent nation since liberation on 30 April 1975 and the proclamation of the Socialist Republic of Vietnam on 25 April 1976. The Vietnamese economy was thoroughly run down after 30 years of war with two completely different economic systems: the North with the highly centralised and planned regime and the South with the market regime. In the years since unification, Vietnam has attempted to integrate itself further with the world economy. This chapter aims to explore the fiscal history and fiscal decentralisation in Vietnam since the national unification in 1975 using concepts derived from the fundamental index of fiscal decentralisation developed in Chapter 3. This analysis, to

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