THE STATE AND THE PRIVATE SECTOR IN VIETNAM

Katariina Nilsson Hakkala and Ari Kokko ()

No 236, EIJS Working Paper Series from The European Institute of Japanese Studies

Abstract: In recent years, the Vietnamese government has emphasized its commitment to create a fair business environment for both the state and non-state sectors in its medium and long-term economic development programs. This paper examines the development of the private sector in Vietnam, focusing in particular on the relationship between the state and the private sector. The first part of the paper reviews the trends in private sector development, the second part discusses obstacles for private sector development, with focus on the role of state-owned enterprises, and the third part discusses future challenges and suggests some policy reforms on the basis of the lessons from the first two decades of economics reforms in Vietnam, as well as international experiences. The paper also considers the pattern of new firm establishment, including the impact of foreign investment on the domestic private sector.

Keywords: Vietnam; economic reforms; private sector development; SOEs (search for similar items in EconPapers)
JEL-codes: H20 L50 P31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev and nep-tra
Date: 2007-06-01

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Persistent link: http://EconPapers.repec.org/RePEc:hhs:eijswp:0236

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