Title: Economic consequences of trade and investment liberalisation: the case of Vietnam
Abstract: Since Doi Moi in 1986, economic integration has always been an important pillar of Vietnam's reforms. The economic integration has gradually deepened, from the ASEAN membership in 1995 to bilateral trade agreement with the US in 2000; even the WTO accession in 2007 marked no end to Vietnam's economic integration process. The literature and statistics have indicated that deepened economic integration has broadened the economic opportunities and capacity of Vietnamese regulators and firms, thereby leading to higher growth of GDP, trade and foreign investment, and improved income of the people. However, the new liberalization context requires Vietnam to rethink and reinvigorate its approach to economic integration. The paper ends with policy recommendations to Vietnam to more effectively pursue economic integration in the new context.