The book explores the way in which the state has become commercialised as party and government officials have gone into business and considers the impact that this has had on politics within Ho Chi Minh City and Hanoi

Since 1975, Viet Nam has gradually decentralized more fiscal responsibilities to local authorities. This study has two objectives: (i) to take stock of the current institutional framework for intergovernmental fiscal relations in Viet Nam, and (ii) to empirically assess the debt sustainability...