In blow to foreign views, Vietnam plans to tighten state controls to spur growth

Article Abstract:

The Vietnamese Communist Party has issued a report detailing its long-term economic policies. The report emphasized that market-oriented reforms must be combined with tighter state controls along socialist lines, and predicted that government firms and cooperatives will account for 60% of GNP by the year 2020. The report also discouraged efforts to destabilize the government, rejected political pluralism and criticized backsliding among party members.

Communist Party of Vietnam

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Vietnam recruits big projects to bring growth to rural areas

Article Abstract:

Vietnam is encouraging foreign investors to put up projects in rural areas to enable the rural population to enjoy the benefits of economic growth. The government is already insisting that future projects, including the country's first oil refinery, be built in rural areas. The policy was prompted by the country's uneven economic growth, which has seen urban residents enjoying higher incomes than their rural counterparts.

Foreign investments, Economic aspects, Demographic aspects, Economic development

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World Bank offers Vietnam money and advice

Article Abstract:

The World Bank has announced that it will provide Vietnam with some $1.5 billion in soft loans through 1999. It is also providing Vietnam with several suggestions on how to promote the country's economic development. The World Bank believes that Vietnamese economic policy should put more emphasis on the private sector instead of focusing on state-owned corporations.

Management, World Bank, Foreign loans

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