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Top three changes of the new enterprise law december 2014

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Institutional reforms in 2014

Institutional reforms in 2014 have brought about substantial changes to the economy and will effectively improve the business environment, said Dr. Nguyen Dinh Cung, Director of the Central Economic Management Institute.

Government juggling hot policy issues
Socio-economic development model shift and economic restructure in Vietnam
Reforming of the state economic institutin system
Lack of knowhow, economic imbalances hold back nation
Former Deputy Prime Minister Vu Khoan and economist Bui Kien Thanh talk about Government policies to speed up economic development.
Measuring the effective rate of protection in Vietnam's economy with emphasis on the manufacturing industry: an input-output approach
The Global Crisis and Medium Term Growth Prospects for Developing Countries: The case of Vietnam

Thanks to the high economic growth rate during the last 20 years, Vietnam is expected to join the middle-income country group by around 2010. The global financial crisis has severely impacted many countries, including Vietnam. The crisis together with the recent turbulence of macroeconomic development in the last two years has opened up several weakness of the economy, and begged the question whether Vietnam can continue her present course of economic development in the face of a changing world? This paper is an initial attempt to answer this question by (i) reviewing the economic development of Vietnam during the last 20 years, (ii) analyzing the impacts of the crisis on Vietnam and the policy responses by the government; and (iii) suggests some medium-term prospects and policy implications for the country.

Institutions matter: The case of Vietnam

The paper investigates institutional reforms in Vietnam and their impact on the economic performance of firms. Using the provincial competitiveness index 2006 (PCI06) and firm-level data in Vietnam in 2005, the results show that provincial competitiveness is economically and statistically significant in explaining cross-province differences in firm performance.We find that a 1% point improvement in government practice could increase the daily value-added of an average firm by an amount equivalent to nearly three times per capita GDP per day. The results show that an improvement in providing market information, more secure land tenure and labor training assistance has a positive effect on firm performance. By contrast, weaknesses in the judiciary system and administrative reforms impede growth of non-state firms. The findings indicate that governance is an important obstacle to the development of the non-state sector in Vietnam.

Restructuring the economy - some theoretical issues and experience of some countries
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