Mazyrin Vladimir

Vietnam's economy in 2023 – the consequences of development under neoliberal paradigm

ЮГО-ВОСТОЧНАЯ АЗИЯ: АКТУАЛЬНЫЕ ПРОБЛЕМЫ РАЗВИТИЯ, 2023, №4(60), 110-123

 
Annotation: The article presents an analysis of the results of Vietnam's economic development in 2023. There was found its weaknesses, the decline in growth dynamics to critically low level, vulnerability to negative phenomena in the global economy. This is regarded as evidence of increased external dependence, negative consequences of orientation to the West, following the neoliberal paradigm of reforming the transitional economy. Western sanctions against Russia, underestimation of their destructive impact on the world economy was recognized as a factor of negative development additional to the difficulties of the post-Covid recovery. It is noted that in the party-state documents and scholarly practice of Vietnam, these phenomena are covered sparingly, the propaganda of successes and achievements is flourishing, which relies on the support of Western media and governments. Vietnam is presented by them as a new "Asian tiger", a vivid example of the achievements of the neoliberal model of development, a model of capitalist progress propelled by the United States. In fact, Washington repeats the experiment of creating a showcase of prosperity in Southeast Asia in the face of Vietnam, which collapsed with the defeat of the United States in this country (in the war of 1964-1975). In order to minimize the consequences of this experiment and the loss of an important strategic partner like the SRV, Russia should recognize the objective situation and make serious efforts to change it in its favor.

Keywords: Vietnam's economy, neoliberal paradigm, integration into the global economy, external dependence, dynamics of economic growth, internal imbalances of the economy, structural reforms, value chains, "green transition"