Vietnam started a process of economic reform in 1986 and is presently opening up its economy to regional and global … economic forces. As a result, Vietnam faces significant challenges in the area of economic policy analysis. This paper reviews … insights emerging from a detailed social accounting matrix (SAM), compiled for the year 2000. The SAM reflects Vietnam’s heavy …

of returns to capital and labor. Design/methodologyapproach – Cobb-Douglas production functions are built for Vietnam … Vietnam's economic growth has been fueled mainly by foreign funds and, thus, the continued heavy reliance of the economy on …, Vietnam must shift to rely more on productivity growth, which has been absent so far, and less on factor accumulation growth. …