Informality and the Playing Field in Vietnam's Business Sector
The development story in Vietnam in
recent years has been one of remarkable progress (Dollar
2002). Over the 1990s, the economy doubled and the incidence
of poverty declined by half. Although these are indeed
notable achievements, they are but the first steps across a
difficult terrain. About 30 million people, or more than a
third of the total population, continue to live in poverty,
and 25 million, or about 60 percent of the labor force, are
either underemployed or unemployed. To create jobs for the
unemployed, underemployed, and new additions to the work
force, Vietnam will have to double the economy again by the
end of the decade, but this cannot happen unless both the
level and the quality of investment increase substantially.
According to World Bank estimates, average total investment
must reach 30 percent of gross domestic product (GDP) by
2010, which represents a 5 percent increase over the 1990s,
while average productivity will have to be about 40 percent
higher (World Bank 2001). To achieve these objectives,
Vietnam needs to encourage the private sector to contribute
more to economic growth. This will require significant
improvements in its business environment.
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Bibliographic Details
| Main Authors: |
Tenev, Stoyan,
Carlier, Amanda,
Chaudry, Omar,
Nguyen, Quynh-Trang |
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| Format: | Publication
biblioteca
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| Language: | English
en_US |
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| Published: |
Washington, DC: World Bank and the International Finance Corporation
2003-08
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| Subjects: | ACCESS TO CAPITAL,
ACCOUNTABILITY,
ADMINISTRATIVE PROCEDURES,
ADMINISTRATIVE SYSTEM,
ALLOCATION OF RESOURCES,
AND MEDIUM ENTERPRISES,
BANK CREDIT,
BANK LOANS,
BUREAUCRACY,
BUREAUCRATIC INTERFERENCE,
BUSINESS ASSOCIATIONS,
BUSINESS COMMUNITY,
BUSINESS DEVELOPMENT,
BUSINESS ENVIRONMENT,
BUSINESS OPERATIONS,
BUSINESS SERVICES,
BUSINESS TRANSACTIONS,
COMMERCIAL BANKS,
COMPANY,
CORPORATION,
CORPORATIZATION,
COURT SYSTEM,
DECISION MAKING,
ENACTMENT,
ENTERPRISE REFORM,
FINANCIAL INSTITUTIONS,
FINANCIAL SECTOR,
FIRMS,
FOREIGN COMPANIES,
FOREIGN DIRECT INVESTMENT,
FOREIGN INVESTMENT,
FOREIGN PARTICIPATION,
FORMAL CONTRACTS,
GOVERNMENT AGENCIES,
GOVERNMENT INTERVENTION,
GOVERNMENT OFFICIALS,
GOVERNMENT POLICY,
GOVERNMENT SERVICES,
INDUSTRIAL OUTPUT,
INFORMAL BUSINESS,
INFORMAL ECONOMY,
INVESTMENT CLIMATE,
JOB CREATION,
LABOR FORCE,
LEASING,
LEGAL FORM,
LEGAL SYSTEM,
LEGITIMACY,
LICENSING,
LOCAL ENTREPRENEURS,
LOCAL GOVERNMENT,
LOCAL GOVERNMENT AGENCIES,
LOCAL GOVERNMENTS,
MEDIUM ENTERPRISE DEPARTMENT,
NATIONS,
PREFERENTIAL TREATMENT,
PRIVATE COMPANIES,
PRIVATE ENTERPRISES,
PRIVATE SECTOR,
PRIVATE SECTOR DEVELOPMENT,
PRIVATE SECTOR DEVELOPMENT FACILITY,
PRIVATE SECTOR EMPLOYMENT,
PRIVATE SECTOR GROWTH,
PUBLIC SERVICE,
REGULATORY BURDENS,
REGULATORY FRAMEWORK,
REGULATORY REQUIREMENTS,
REPRESENTATIVES,
SMALL,
SMALL AND MEDIUM ENTERPRISE,
SMALL AND MEDIUM ENTERPRISES,
SME,
SMES,
SOCIAL COST,
SOCIAL SECURITY,
STATE AGENCIES,
STATE ASSETS,
STATE CONTROL,
STATE ENTERPRISES,
STATE OWNERSHIP,
STATE SECTOR,
STATE- OWNED ENTERPRISES,
STATE-OWNED ENTERPRISES,
TAX EXEMPTIONS,
TAX INSPECTIONS,
TAX RATES,
TAXATION,
TRANSPARENCY POLICY MAKING PROCESSES,
BUSINESS,
BUSINESS ACTIVITY FLOWS,
LEGAL SYSTEMS,
GLOBALIZATION,
ECONOMIC GROWTH,
POVERTY REDUCTION,
DEVELOPMENT, |
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| Online Access: | http://documents.worldbank.org/curated/en/2003/08/2620134/informality-playing-field-vietnams-business-sector
http://hdl.handle.net/10986/15084
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