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Public policy with Vietnamese characteristics: the case of the motorcycle industry

ABSTRACT This paper analyses Vietnam’s motorcycle industry, one of the industries earmarked for economic reform since the late 1980s. The paper argues that the Vietnamese state has nurtured its previously derelict motorcycle industry to one that is internationally competitive through the implementation of market-distorting policy measures as well as the selective co-optation of international capital. Nevertheless, there is a limit to Vietnam’s policy manoeuvring amidst strong pressure from the international agencies and transnational corporations to liberalize the industry. Consequently, indigenous capability remains modest although some of the domestic firms are displaying signs of mastering the technical know-how introduced from abroad.