Economic reform is crucial to sustain long-term growth in Vietnam

December 11, 2015

The economy will likely report a solid growth performance of 6.6% for this year. But to sustain the sanguine economic outlook in the long-term, reforms will be crucial. In this regard, a steady process is already underway. The government has recently announced a decree to ban state-owned enterprises (SOEs) from non-core investments. Such measure is expected to gradually dilute the state's involvement in businesses and is certainly a step in the right direction in the SOE reform process.

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