Allocating a Surplus Value in the Socialist-Oriented Market Economy of Vietnam

Thua Huynh Kim () and Tinh Do Phu Tran ()
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Thua Huynh Kim: Mien Tay Construction University, Vietnam
Tinh Do Phu Tran: University of Economics and Law, Vietnam

RAIS Conference Proceedings 2022-2024 from Research Association for Interdisciplinary Studies

Abstract: This paper is based on the views of Marx, as well as the economists before and after Marx, regarding surplus value. The authors analyze the allocation of surplus value in a socialist-oriented market economy in Vietnam. The result shows that in Vietnam, capitalists do not occupy the entire surplus created by workers, as Marx mentioned, so the existence of surplus value in Vietnam today is not contrary to the socialist direction because of its necessity. Additionally, the authors identify problems in the distribution of surplus value that need to be addressed in the practice of the social-oriented market economy in Vietnam today. Some recommendations are also proposed to effectively allocate surplus value for Vietnamese enterprises, workers, and labor unions.

Keywords: allocation; surplus value; market economy; Vietnam (search for similar items in EconPapers)
Pages: 10 pages
Date: 2024-05
New Economics Papers: this item is included in nep-hme, nep-pke and nep-sea
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Published in Proceedings of the 35th International RAIS Conference on Social Sciences and Humanities, April 4-5, 2024, pages 61-70

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Persistent link: https://EconPapers.repec.org/RePEc:smo:raiswp:0365

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