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Some thoughts on the role o f the Vietnam ese state in the.. This is completely different from the old system in which th e S ta te directly controlled th e economy... - Open-door econom

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VNU JOURNAL OF SCIENCE, ECONOMICS-LAW, N01E, 2004

SOM E TH O UG H TS ON THE ROLE OF THE V IETN A M ESE STATE

IN THE P R O C E SS OF SH IFT IN G TO THE MARKET ECONOMY

N ow adays, in th e world, th e re are

m any d ifferent economic o peration models

a t v arying levels of success Yet th e re is no

model t h a t o p e ra te s w ith o u t th e S ta te ’s

interference A s tro n g a n d in te llig e n t s ta te

is one of th e d e te r m in a n ts for th e success

of an economic o p e ra tio n model

S h ifting from a cen trally p la n ned

economy to the socialist-oriented m a rk e t

economy u n d e r th e re g u la tio n of th e State,

the form ation a n d develo pm ent process of

the m a r k e t economy in V ietn am , which is

associated w ith th e S t a t e ’s role of

regulation, will have m a n y differences

from th e o rd in a ry m a rk e t economy

1 T y p ica l C h a r a c te r is t ic s o f the

P r o c e s s o f S h iftin g to M arket

E co n o m y in V ie tn a m a n d th e Role

o f th e State

1.1 B a c k g r o u n d o f th e S h ift to

M a rk e t E con om y in V ie tn a m

* D om estic C ontext

A fter a long tim e o p e ra te d u n d e r the

c en tralize d b u re a u c ra tic a n d State-

subsidized m echanism s, th e V ietn am ese

economy will h ave following fe a tu re s w hen

shifting to m a r k e t economy:

n Dr., Faculty of Econom ics, V ietnam National

U niversity, Hanoi.

Tran Anh T a i(*}

Low develo pm en t level; u n d e r ­ developed labor divisions; back w ard tech niq ues a n d technology; agriculture- based economy w ith tra d itio n a l farming; rice monoculture; im b a la n ce d and w eak

in d u s tria l stru c tu re ; low living stan d a rd , high unem p lo yed ra te These not only caused difficulties for th e in d u stria liz atio n and m o dern izatio n b u t also created a n d fostered d is a d v a n ta g e s for th e formation

an d develop m ent of th e m a rk e t economy

- The re la tio n s of production were set

up and m a in ta in e d by th e dom ination role

of public o w n e rsh ip of m e a n s of production

u n d e r 2 types: th e people ow nership a n d collective ow nership P riv ate ownership was not accepted a n d w as th e object of tra n s fo rm a tio n a n d abo lishm ent

Production a n d exchange were prim arily m a in ta in e d on th e basis of

m a te ria l relation The re la tio n between commodity a n d money c reated an opposite system t h a t was, in fact, not accepted and

w as re s tr a in e d to its maximum developm ent T he m a r k e t relations were

a lm ost not s e t up or existed in a formal

a n d distortio nal m a n n er

- T h e economy w as a closed, self- existing a n d severely im balanced system The official economic o p eratio n mechanism was th e o rd ered m echanism In this

4 5

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46 T ran A n h Tai

m echanism : th e S ta te re g u la te d economic

activities th ro u g h a sy ste m of production

p la n s a n d prod uct d istrib u tio n , a n d

th ro u g h a sy ste m of price, foreign

exchange ra te a n d in te r e s t r a t e t h a t a re

s tip u la te d strictly a n d subjectively

- The production s tr u c tu r e h a d its

c h arac te ristic of monopoly The s tate

focused its o p e ra tio n s on S ta te owned

e n te rp ris e s t h a t w ere e sta b lis h e d a n d

sp re ad on a large scale w ith o u t

competition The production re la tio n s were

vertical u n d e r th e m e ch a n ism of issue and

delivery, m ak in g th e ho riz o n ta l relatio ns a

very difficult situ atio n

- Finance w as w eak, u n s ta b le , b ased on

a less developed economy t h a t bore heavy

consequences of war T he h ig h inflation

lasted too long, dom estic savings w as not

yet existed, a n d th e bu re a u cra tic ,

m a n a g e m e n t m e c h a n is m s w ere not

a p p ro p ria te to objective ru le s of the

m a rk e t economy

* In te rn a tio n a l C ontext

V ietnam w as sh iftin g its economy to

m a rk e t economy w h en th e in te rn a tio n a l

context a n d th e world s itu a tio n h a d

s u b s ta n tia l changes Some of which are as

follow:

The tre n d of in te rn a tio n a liz a tio n ,

in te g ra tio n into th e world economy a n d th e

developm ent process of a n organic world

m a rk e t cau sed m a n y c h a n g e s in th e

economic re la tio n s b e tw ee n nations,

creating o p p o rtu n itie s for th e poor

c o u n trie s to join in in te r n a tio n a l exchang e

a n d co-operatio n e a s ie r a n d more equal

- T h e t r e n d of regionalizing the

d e v e lo p m e n t w e n t along w ith e n h a n c in g

th e p ro te c tio n ism T h is tr e n d is c o n tr a r y to

th e first one a n d is t h e essence of m a r k e t developm en t H ow ev er, in t h a t c u r r e n t

s itu a tio n , it o c cu rred from typical causes,

of w h ich t h e d ire c t c a u s e w as th e dynam ic

d e v e lo p m e n t of new in d u s tria liz e d

co untries

- T h e collapse of Socialism in the

fo rm er S o viet U n io n a n d E a s te r n Europe

c re a te d a s ig n ific a n t space in the

d e v elo p m en t of V ie tn am T h e re a r e two sides of a coin h e re Along w ith escaping from a closed a n d subsidized system ,

V ie tn a m h a s c h a n c e s to join in a n opened

w orld econom y w ith a more effective

o peration Also, V ie tn a m lost a reliable

an d firm s u p p o rt

1.2 Th e R e g u l a t i o n o f C o n te x t to the

R ole o f th e S t a t e in S h if tin g to M a rk e t

E co n o m y in V ie tn a m

In th e abo v e-m en tio n ed specific context, w h e n co n sid e rin g th e role of the

S ta te in th e p ro cess of shiftin g to m a rk e t economy in V ie tn a m , in o u r opinion, we should pay a tte n tio n to th e followings:

- In V ie tn a m , th e r e is a historical fact

t h a t t h e S t a t e h a d a-' decisive role in economic d e v e lo p m e n t for decades Its

fo u n d a tio n is th e p o p ularity of public

o w n e rsh ip a n d th e h om ogeneousness

b e tw e e n th e c e n tr a lly p la n n e d and

su b sid ized econom y w ith m a terialized

V N U J o u rn a l o f Science, E conom ics-Law , N„IE, 2004

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Some thoughts on the role o f the Vietnam ese state in the. 47

economic re la tio n s a n d th e a u ta r k y

economy

From t h a t s t a r t i n g point, th e reform

can only be im p le m e n te d effectively if it is

in itia te d by th e S tate

- V ietn am is in th e p ro cess of shifting

to m a r k e t economy, so th e role of th e S ta te

is not j u s t lim ited in ov erco m ing and

correcting th e ne g ativ e effects a n d defects

of the m a rk e t economy, b u t its m a in duty

is to e sta b lish th e fo u n d a tio n for the

developm ent of m a r k e t re latio ns

them selves H ere, th e d e v e lo p m e n t of

m a rk e t re la tio n s is a ss o c ia te d w ith th e r e ­

a w a re n e ss process a n d , th e re fo re , it is

necessary to overcome s te p by s te p and

correct th e defects a n d fa ilu re s of the

participation of th e S t a t e in r e g u la tin g the

economy in th e p a s t d e c a d e s to conform to

th e ta s k s in th e new stag e

- V ie tn am is s h iftin g to m a rk e t

economy from a poor, b a c k w a r d and

V ie tn a m ’s p o p ulatio n is in r u r a l areas

Therefore, in o rd e r to b rin g into play the

key role of a g ric u ltu re a n d to help the

fa rm e rs u n d e r s ta n d th e b e n e fits a n d , there

from, mobilize th e m a jo rity of people to

tak e p a r t in the d e v e lo p m e n t, especially in

the first stage, th e role of th e G o v e rn m e n t

is crucial Besides, how a poor c o u n try can

cope w ith poverty w h ile a s s u r in g the

economic d e v elo p m en t is also a big

challenge to th e G o v e rn m e n t

- As a developing c o u n try , V ietnam

should not b y p a ss s ta g e s b u t should

utilize th e a d v a n ta g e s of a c o u n tr y th a t

follows, b rin g into full play the in te rn a l forces of its economy, and learn effectively from successes a n d experience of the pioneer counties In t h a t condition, it could not be left for th e “invisible h a n d ” A strong a n d intelligent S ta te is one of th e

d e te r m in a n ts for th e success

Given this, it is possible to say th a t

w hen shifting to a new stage, th e role of

th e S ta te is not decreased b u t increased

On the o th e r h an d, it h a s shown a tre n d

t h a t co n tra ry to th e ch anging process of

th e role a n d economic function of the State

of V ietnam S h ifting to m a rk e t economy

m e a n s shifting to a new system , w here the

m a rk e t w ith its objective rules will shape a new power regim e is t h a t in d e p e n d e n t of

th e S tate The m a r k e t itself contains a self-a d ju stm en t m e chanism and t h a t is the

m ain m e ch an ism to re g u la te th e economy This is completely different from the old system in which th e S ta te directly controlled th e economy So, th ese two economic system s h ave two different

re g u la tio n m echanism s, two different power regim es, a n d th e specific method of

a n d th e e x te n t to which the S ta te

p a rtic ip a te s in re g u la tin g th e economy are also different The tra n s itio n to m a rk e t

re g u la tio n pow er b etw een th e S ta te and

th e m a rk e t in th e way t h a t lim its the

S ta te ’s pow er a n d e x ten d s th e m a rk e t’s power However, th e n a tu r e of the m a tte r

is not to abolish th e economic role of the

S tate, b u t th e m ethod, domain, and scope

to im p le m e n t t h a t role will b a se on o ther

ru le s t h a t a re more subjective and economical

VNU Jo urnal o f Science E c o n o m ic s-L a w , N t J E 2004

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4 3 T ra n A nh Tai

I n accordance w ith subjective logics of

m a r k e t economy progress, it could be

se p a ra te d into two ta s k s relatively to th e

two s tag e s of m a r k e t economy progress:

th e stage of shifting to m a r k e t economy

a n d t h e stage of o p e ra tin g th e s tru c tu re d

m a rk e t economy

Basically* V ie tn am is in th e process of

carrying o u t th e first ta s k to achieve a

structured m a r k e t economy w ith th e

n stitu tic n a l fram ew ork T he n a t u r e of th is

'ask is tc c re ate m a r k e t subjects a n d a free

b u s i n e s s en viro nm en t, s tr u c tu r e functional

market: labour m a rk e t, financial m a rk e t,

'tock rrarket, ta x system , price a n d

interest late

Succeeded to and concomitant with the

first stige is th e o p e ra tio n of the

structured m a rk e t system In th is stage,

the State’s influences a re asso ciated w ith

the lonf-term economic g ro w th a n d to

de\elop macro b a lan ces as th e conditions

for t h a t jrowth

2 Economic R efo rm in V ie tn a m from

the lo lic y P r o c e s s P e r s p e c t iv e

The 'ealities in th e la s t 15 y e a rs have

shown tiat the sh iftin g to m a r k e t economy

has depended a lot on policy process The

reform s fast or slow, s tab le or troubled,

grew or receded - all th e se a re o rigin ated

frcm vhat policies does th e S ta te

irrplem<n*? To w h a t e x te n t th e y a re right?

Tlerefoe it is reasonable to consider the

r e ’orm process from th e policy process

perspecive However, it does n o t m e an to

identify t i e subjective process w ith th e

objective operation s of th e S ta te The shifting of V ietnam economy since 1975

h a s shown t h a t th e economic reform is a struggle b etw een orthodox economic system (centrally p la nn ed m echanism ) and unortho do x one (free m arket), following

th e tendency of confirming th e m a rk e t

m echanism T h a t process could be considered in th e following 3 periods:

1 Period 1975 - 1986

From th e policy perspective, the economic reform in V ie tn am s t a r t e d from

1979 by th e reso lu tion s of th e 6th P lenum

of the P a rty C e n tra l C om m ittee (4th P a rty Congress) T his w as th e re s u lt of a long accum ulation of re stric tio n s and contradictions d u rin g n early two decades

of existence of th e centrally planned,

b u re a u c ra tic m e ch a n ism s w ith S ta te subsidies T h e economic reform s included: firstly, th e Directive No 100 of th e C entral

C o m m ittee’s S e c re ta r ia t (1/1981) officially

re g u la ted th e product C o n tra ct in agriculture; secondly, th e Decree 25/CP on

th e 3 portions in in d u s tria l production; followings w ere th e Resolution 26 of the Politburo a n d Directive 109 of th e C entral

C om m ittee’s S e c re ta r ia t on the

im p ro v em e n t of d istrib u tio n ' and circulation, especially th e R esolution of the 5th P a rty Congress, 8th P le n u m (6/1985) on

ad ju stin g th e price level, reform ing the

abolishing m a te ria l supply, shiftin g to paying s a la ry in money

Besides, the S ta te allowed en terp rises,

m a n u fa c tu rin g com panies and local export

VNU, Journal o f Science, Econom ics-Law , N„IE, 2004

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Some thoughts on the role of the Vietnamese state in the.

--^-49

com panies to directly h a v e business

relation s w ith foreign com panies; step-by-

step abolished the form er monopoly in

foreign tra d e ; step-by-step re s tru c tu re d

the in v e s tm e n t to overcome th e dispersed,

non-synchron ou s a n d not effective

in v e stm en t Both in view a n d in reality, :t

was g ra d u a lly sh ifting to focusing on

a g ric u ltu re and lig h t in d u s try

j Briefly, the re n o v a tio n in th is period of

time, d e m o n s tra te d by th e above-

m entioned Resolutions, reflected an

objective tre n d of sh ifting process from th e

cen trally p la n n e d economy to th e m a rk e t

economy However, in fact, th is w as a

period of e x trem ely troubled, u n s ta b le

economy th a t, in its essence, co ntained a

serious crisis a b o u t economic in s titu tio n

and re g u la tio n m echanism

Actually, t h a t s itu a tio n w as g e n erate d

from th e tr a n s itio n a l s ta g e of m echanism ,

in which th e old economic system was

in e rtia l a n d had a stro n g defensive ability

The S ta te , ill its cap acity a s a power

a p p a r a tu s , w ith th e s tro n g e s t economic

power, w as still n ot fully a n d clearly a w are

of th e in d isp e n sa b le tre n d , therefore, was

not re s o lu te in abolishing th e direct

a d m in is tra tiv e m a n a g e m e n t to shift to th e

ind irect m a n a g e m e n t

The reform prog ress in th is period

could be considered a n d a ss e ss e d in the

two d im e n sio n s t h a t follows:

F irstly; th e S ta te step by step accepted

th e m a r k e t m e ch a n ism a n d o rien ted th e

economy accordingly T his w as a n

im p o r ta n t sign, which m e a n t t h a t the

ordered economic sy stem b e g a n to escap from its “sclerosis” s itu a tio n , an(| sh iftin

to a more dynam ic economic system That

w as also th e significance of the polic- reform progress, a n d t h a t is why it acted

as th e role of th e S ta te d u r in g tl is period

of time

Secondly; th e non-synchronous un

th o ro u g h a n d passive c h an g e of policies u

one of th e m ain re a so n s for causing thfi economy Into troubled, w e akened situatior

in a long tim e It could be said t h a t t h ù

w as th e u n a v o id ab le cost for th<:

tr a n s itio n a l stag e from the old rn>charisrr

to th e new one

2 The P eriod o f the 1986 - 19±6

The R enovation, sh iftin g tc m a -k e ’ economy w as confirm ed a t the 3th P art\ Congress a n d co n tin u ed to devebp a t the 7th P a rty Congress

fu n d a m e n ta l, a n d ra dical chfcnres have been mode

• M ulti-sector economic policy las teen confirmed a n d im plem ented

- Macro m a n a g e m e n t tools tc push up

th e sh ifting process to m arket economy have been used

- A flexible exchange rate system reform ed ta x sy stem in step i ias been applied

- Open-door economy poices have been im p lem ented

- M a n a g e m e n t a p p a r a tu s ir ồep 1 las been reform ed

VNU, J o u rn a l o f Science, E conom ics-Law , N J E , 2004

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50 Tran Anh Tai

T h a n k s to its d e te rm in a tio n and

perseverance in im p le m e n tin g th e

renovation, V ie tn am h a s gain ed g re a t

achievem ents, b ro u g h t th e co u n try o ut of

socio-economic crisis a n d step p e d into a

new pace of developm ent: th e stag e of fast

economic grow th, speedy in d u s tria liz a tio n

and m odernization T h e a v erag e growth

ra te in th e 5 y e ar period of (1991 - 1996)

were as follows: G D P in c re ase d by 8.2%;

total a g ric u ltu ra l yield inc re ase d by 4.5%;

reached 25 million to n s (1993); rice ex port

1.95 million tons (1992); to ta l in d u s tria l

production in creased by 13%; export

tu rn o v e r increased by 20%; achieved 11.2

billion US dollars in 4 consecutive years

In v e s tm e n t for economic developm ent

in the 4 y e ars also increased In 1990, it

was j u s t 11.5% of GDP; 1991: 14.3%; 1993:

14.4%, a n d re a c h e d 20.5% in 1994 and

31.6% of G D P in 1995

The economic s tr u c tu r e began to

change: th e in d u s tr y prop ortion in G D P

increased from 18.8% in 1990; 20.5% in

1993; 22% in 1994 to 28.76% in 1995 In

this period, th e service proportion also

increased from 36.3% to 38.2% a n d th e n to

39%

Inflation w as controlled, th e n a tio n a l

finance w as h e a lth y , a n d th e V ietnam

cu rrency w as stable Inflatio n decreased

from 67% in 1991 to 17.5% in 1992, 5.2%

in 1993; 14.5% in 1994 a n d to 1.27% in

1995 The b u d g e t m obilisation r a te

increased rapidly, m ore t h a n 20% of GDP

in 1993; b u d g e t r e tr ie v a l in c re ase d by 27%

in 1994

The two-way foreign tra d e increased 20% in average U p till S e p te m b e r 1994,

1000 in v e stm e n t licenses were issued with

th e total re g is te re d c a p ita l of 10 billion USD

The a ch ie v e m en ts in th e first 5 year

encouraging, h o w e v er th e V ietnam economy still h a d w eak n e sse s: Firstly, it

ha d a good g ro w th r a te , but, in general,

t h a t grow th w as n o t stable The quality

a n d effect of th e economy h a d many lim itations Secondly, finance and the

m o n etary sy ste m s could not m eet the

re q u ire m e n ts of th e economic developm ent, and could not become the most decisive a n d effective tool for macro

m a n ag e m e n t G e n era lly , V ietnam had not yet developed a n a tio n a l finance th a t is

a p p ro p ria te to m acro economy op erating in

a m a rk e t m ech a n ism Thirdly, foreign tra d e w as still weak

3 The Period fro m 1997 up to N ow

This is th e period in which the

in te rn a tio n a l co n tex t contained many factors wich a re n ot a d v a n ta g e o u s for the developm ent of V ie tn a m ’s economy

Firstly, th e fin a n c ial crisis broke out in

th e region, affecting strongly and

p e rs iste n tly o u r economy Secondly, the world m a rk e t w a s u n stab le Prices of

V ie tn a m ’s m ain e x p o rts had a trend to decrease drastically Especially, in recent years, th e globalization h a s been going on

V NU, Journal o f Scienc e, Econom icS’Luw, Nf JE, 2004

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Some thoughts on the role o f the Vietnamese state in the 51

u n s te a d in e ss of th e economy h as

accelerated m ore rapidly, especially after

the te rro r is t a t t a c k s on 11 S e p te m b e r 2001

and the collapses of a series of economic

groups o p e ra tin g in high-tech field

Facing w ith those difficulties, the

V ietnam ese econom y also h a d critical

changes t h a t m a in ta in e d a r a t h e r high

growth ra te , a n d re s tra in e d a n d reversed

the tre n d of d e crea sin g grow th rate In

1996, the G D P grew 9.34%; in 1997: 8.15%;

in 1998: 5.76%; in 1999: only 4.77%; b u t

increased in 2000 to 6.74%; in 2001: 6.78%;

an d in 2002: 7.04%

In v e s tm e n t c o ntin ued to grow b u t

much less in co m parison w ith th e previous

period (11.4% c o m p ared to 23.33%)

Especially, in th e s itu a tio n t h a t the

regional economy fell into financial crisis

and th e c u rre n c ie s w ere constantly

devalued, V ie tn a m w as still able to control

the “price explosion” an d m a in ta in e d a low

inflation ra te T h is w as a g re a t exertion in

an effort to stab ilize the macro economy

recently T h e in flation ra te in 1996: 4.5%;

in 1997: 3.6%; in 1998: 0.2%; in 1999:

0.1%; in 2000: -0.6%; in 2001: 0.8% an d in

2002: 4.0% In 1999, the u nem ployed ra te

in u rb a n a r e a s w as 7.4%, in 2000: 6.44%,

in 2001: 6.28% a n d in 2002 w as only 6%

The tim e -u s a g e -ra te in r u r a l a r e a s in 1999

was 73.49%; in 2000: 73.86%; in 2001:

74.37%; a n d in 2002: 75.41%

E m p lo y m e n t ex perienced some positive

changes Especially, in th e la st th re e

years, th e u n e m p lo y m e n t r a te in u rb a n

a re a s decreased an d th e tim e-usage-rate in

ru r a l a re a s increased

However, it is easy to see t h a t the

V ietnam ese economy h a s developed in

re c en t y e ars on th e b asis of a stru c tu re d model w ith th e following features:

- The economy h a s developed in width

on the b asis of existing advantages, especially on n a tu r a l resources

- The a ctu a l develo pm en t mode has relied on prioritizing im p o rt-altern ativ e

in d ustries, which used m uch of capital and

h a d low high-tech a n d la bo ur content, such

as m ining in d u s try and processing industry

- The m a r k e t in s titu tio n h as not yet

fu n d a m e n ta l s tr u c tu r a l factors were lacked or weak; th e b u sin ess env iro n m e n t

w as ill-shaped, a n d th e factors of the old

m echanism still existed

- The w ay to a pp ro ach th e world

m a rk e t an d draw FDI mostly focused on

W este rn A sian countries

• Solutions to re v e rse th e tre n d of decreasing grow th r a te in the previous period w ere mostly s itu a tio n a l m e a s u re s

t h a t focused on e x te rn a l im pacts b u t lacked solutions to overcome in te rn a l

w e akn esses an d im prove growth

- The tr e n d of decreasing the speed of

in v e stm e n t g row th in re c en t years, especially foreign in v e stm e n t, signaled a decline in q u a lity of in v e s tm e n t

e n v iro n m e n t a n d prospect of economies

V N U , Jo u rn a l o f Science Econom ics-Law , N„JE, 2004

Trang 8

52 Tran Anh Tai

The w e a k n e sse s a n d issues of ou r

economy in re c e n t y e ars h a v e reflected a

paradox: th e de ep e r o u r economy

p e n e tr a te d into m a r k e t economy, opened

to a n d in te g ra te d into th e w orld economy,

the more th e factors of bu re a u cra tic ,

c e n trally -p la n n ed a n d subsidized

m e ch an ism re h a b ilita te d , such as th e

in c reasin g of monopoly a n d subsidized

situ a tio n , w id e sp rea d protection, th e tre n d

of developing in d u s trie s t h a t u se much of

capital a n d h a v e low high -tech an d labor

c ontent, p riv a te sector w a s n o t a d eq u a te ly

paid a tte n tio n to, etc A lth o u g h t h a t tre n d

w as not th e d e te r m in a n t for th e

o rie n ta tio n of ou r n a tio n ’s reno vation a n d

developm ent progress, b u t it reflected t h a t

th e strug gle b e tw ee n th e old m e c h a n is m (centrally-planned) a n d th e new one (opened m a rk e t m echanism ) of th e economy is still n o t ended

So, it is impossible to say t h a t th e first logical step of th e abo ve-m entioned m a r k e t progress is completed T he reform is actually c o ntin uing a n d o p e ra tin g in contradictions, facing w ith lim ita tio n s including th e lim itatio n of policy T h a t

re q u ires m uch more effort of th e S ta te in the shift to m a rk e t economy in V ie tn a m in

th e n ext steps

TẠP CHÍ KHOA HỌC ĐHQGHN, KINH TỂ - LUẬT, SỐ IE , 2004

MỘT SỐ SUY NGHĨ VE VAI TRÒ CỦA NHÀ NƯỚC TRONG QUÁ TRÌNH

CHUYỂN SANG NEN KINH TẺ THỊ TRƯỜNG ở VIỆT NAM

TS T rần Anh Tài

K hoa K in h tê, Đ ại học Quốc g ia H à N ội

Bài viết đề cập đến bối c ả n h cụ th ể tro n g nước và quốc t ế ả n h hưởng đến công cuộc cải tố

k in h tê của Việt N am Tác giả chỉ ra m ột sô" khác biệt về vai trò của n h à nước tro n g q uá

t r ì n h chuyển từ n ề n k in h t ế tậ p tr u n g s a n g n ề n k in h t ế th ị trường

Q u a n trọ n g hờn, bài viết còn k h ái q u á t hóa qu á t r ì n h cải tổ k in h t ế của Việt N a m về phươ ng diện k in h t ế quốc doanh Tác giả k h ô n g chỉ p h â n tích n h ữ n g th u ậ n lợi và b ấ t lợi của các chính sách m à còn b à n cả ả n h hưởng của c h ú n g tới n h ữ n g t h à n h tự u đã đ ạ t được q u a cuộc cải tổ Tác giả k ế t lu ận , N h à nước cần ph ải nỗ lực hơn n ữ a để p h á t triể n n ề n k in h tê

th ị trư ờng ở Việt N am

VNƯ, Journal o f Science, EconomicS-Lttw N„/ E, 2004

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