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Efficiency and competitiveness of the private sector in Vietnam

The private sector has increasingly played an important role in the economic development of Vietnam. In the period from 2005 to 2009, the GDP average annual growth rate of the formal private sector was 13.87%, much higher than the rate of 7.83% for the whole economy. However, the important contribution of private sector to the economy was though recognized, there are still debates and even critics over the relatively low level of productivity and competitiveness of the private sector.

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Source: Central institute for economic management, 2013
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