FEBRUARY 2023

VOlUME 06 ISSUE 02 FEBRUARY 2023
The Development of Private Economy in Vietnam from 1986 to 2001: from Policy to Practice
1Vo Van That,2Hoang Xuan Son
1Saigon University, Hochiminh City, Vietnam
2University of Economics Ho Chi Minh City, Ho Chi Minh City, Vietnam
DOI : https://doi.org/10.47191/ijsshr/v6-i2-28

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ABSTRACT

The recognition of the private economy as an integral part of the economy at the Sixth National Congress (1986) of the Communist Party of Vietnam stems from the practical needs of Vietnam before doi moi. From 1986 to 2001, the private sector in Vietnam has gradually affirmed its role and position in the socialist-oriented market economy and has made important contributions to national budget, increasing gross domestic product growth and job creation. However, besides the positive contributions, the private economy in Vietnam still reveals certain limitations in the development process.

KEYWORDS:

Private economy, policy, practice, innovation, Vietnam, Doi Moi.

REFERENCES

1) ADB (Asian Development Bank) (2005): Private sector assessment in Vietnam. Mandaluyong City.

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9) Report “Some features of the current situation of the private sector in Vietnam” of the Central Institute for Economic Management (January 1999).

10) “Synthesis report on the situation, directions and solutions for private economic development” of the Central Economic Commission, November 26, 2001.

11) Tran, V. T. (2013): Vietnamese economy at the crossroads: New Doi Moi for sustained growth. In: Asian Economic Policy Review (8) 1, 122–143.

12) World Bank. 2017. The Role of the State in Vietnam’s Economic Development: Enhancing the Role of the State in Facilitating a More Competitive and Productive Economy. The World Bank Group and Australian Government.

VOlUME 06 ISSUE 02 FEBRUARY 2023

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