Vietnam: To Privatize or not to Privatize
Abstract
In 1986, the Vietnam leadership realized that the Maoist tradition of social transformation was contributing to the collapse of economic development in their country. Since that time, Vietnam has initiated two reforms, which focus on a market economy instead of a socialistic economy and have already served to boost their labor and capital productivity. The first reform is known as the New Economic Management Mechanism and the second reform is Doi Moi. By 1992, Vietnam was considered to be macro-economically stable from the efforts of these reforms and the new policies and practices ?egan to change the world's impression of their country. Despite Vietnam's recent success-poverty, hunger, and social inequality are still prevalent. In order to address these concerns1 Vietnam's leaders and policy makers have chosen to focus their efforts in four areas: 1. Competitive markets 2. Continued reforms of state-owned enterprises 3. Expenditure on human capital formation (i.e. health services, education, family planning) 4. Investment in physical infrastructure (i.e. power, conununications, transport, and irrigation)
Document Details
- Document Type
- Technical Report
- Publication Date
- May 24, 1999
- Accession Number
- ADA373348
Entities
People
- Greg Vinci
Organizations
- United States Department of Defense