"The Role of State-Owned Enterprises in Vietnam's Market Socialist Economy"

EasyChair Preprint 14801

Abstract

This study explores the role of state-owned enterprises (SOEs) in Vietnam's market socialist economy, examining their significance in the context of economic reforms initiated in the late 20th century. Despite the transition towards a market-oriented system, SOEs remain integral to Vietnam's economic landscape, contributing to national revenue, employment, and key sectors such as energy, transportation, and telecommunications. The paper analyzes the dual objectives of SOEs: achieving commercial viability while fulfilling social and political goals, including job creation and regional development. It highlights the challenges faced by SOEs, such as inefficiency, corruption, and competition from the private sector, which have prompted ongoing reforms aimed at improving their performance and governance. By comparing Vietnam's experience with other transition economies, the study identifies critical lessons regarding the balance between state control and market mechanisms. Ultimately, this assessment underscores the continued relevance of SOEs in Vietnam’s economic strategy and their potential to contribute to sustainable growth while navigating the complexities of a market socialist framework.

Keyphrases: The role of state-owned enterprises, economy, socialist, vietnam's market

@booklet{EasyChair:14801,
  author    = {Elisha Blessing and Gettio Lasha and Charles Eric},
  title     = {"The Role of State-Owned Enterprises in Vietnam's Market Socialist Economy"},
  howpublished = {EasyChair Preprint 14801},
  year      = {EasyChair, 2024}}