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- W2903622446 abstract "This study discusses the development of the Vietnamese iron and steel industry under international economic integration. Through trade and investment liberalization, Vietnam has become the largest steel producer in Southeast Asia. However, such growth did not occur via simple market adaptation behavior or a laissez-faire approach. The government as well as all types of enterprises have faced several challenges. Ownership and management reform were required of state-owned enterprises (SOEs), and local private enterprises had to ensure market creation through innovation by making full use of the local conditions. Foreign enterprises had to introduce huge funds and state-of-the-art technology. Moreover, adaptation to local society influenced the projects’ progress. Thus, the government should review and monitor large-scale projects from both economic and social viewpoints. This case suggests that industrial development under international economic integration is possible. In addition, such integration requires not only a market mechanism but also entrepreneurial behavior that creates new markets as well as government policies that complement the market’s role and resolve social issues." @default.
- W2903622446 created "2018-12-22" @default.
- W2903622446 creator A5021183152 @default.
- W2903622446 date "2020-12-05" @default.
- W2903622446 modified "2023-10-18" @default.
- W2903622446 title "Development of the Vietnamese Iron and Steel Industry Under International Economic Integration" @default.
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- W2903622446 doi "https://doi.org/10.1007/978-981-15-8195-3_15" @default.
- W2903622446 hasPublicationYear "2020" @default.
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