This article analyses the complex interplay of various factors in the 'late marketisation' in China and Vietnam and the …

Since the launch of economic reforms in China in 1978 and Vietnam in 1986, both countries have made impressive … characteristics of their reforms were broadly similar. This paper documents three principal findings: (1) China and Vietnam were …, when both the countries enjoyed accelerated growth; and (3) the growth divergence between China and Vietnam can be …