Report on Vietnam’s economic reform announced

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VietStock FI English - 30 month(s) ago 6 readings

Jointly conducted by the Vietnam Chamber of Commerce and Industry (VCCI), the World Bank (WB) and the Irish Embassy in Vietnam , the survey recorded important indexes to help Vietnamese policymakers, research and consultancy agencies to develop suitable economic and administrative reforms in Vietnam in future.

The majority of Vietnamese people surveyed highly valued the market economic model in the country and advocated the reform process that Vietnam is implementing, said Chairman of VCCI Vu Tien Loc.

Up to 87 percent of interviewees said that the market economic model brings more advantages than any other economic models. Meanwhile, only 7 percent said they prefer the State economic model in Vietnam .

This rate showed that most people from all walks support the change of the country’s economic system to a market economy model.

The survey, however, found out that outsiders did not appreciate the marketability of Vietnam ’s economy at present.

In addition, the survey also emphasised the transparency of Vietnam ’s economy.

According to Dau Anh Tuan, Deputy Head of Legal Department of VCCI, Vietnam overcame the challenges of the global crisis but has fallen into downturn and slow growth. This shows that Vietnam has not taken advantage of opportunities to reform its economy as expected.

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