The way we were: breaking up is hard to do for Vietnamese state firms

Article Abstract:

Vietnam's efforts to privatize its huge state sector have bogged down after a promising start, thanks to socialist ideology, politics, worker fears, and the increased worth of the remaining state enterprises. Since 1990 the govt has merged or closed 5,000 of its 12,000 firms, primarily the smaller ones. A new law that the National Assembly will consider in Apr 1995 would identify which firms and sectors the govt considers vital, and explain how to reorganize state firms into shares, moves private economists consider vital.

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Making the switch: capitalism's easy if your plugged in

Article Abstract:

Hanel Electronics has led the way to capitalism in Vietnam thanks in part to its ownership by People's Committee of Hanoi. Started 10 years ago, the firm had 1994 revenues of $27 million from the 11 outlets where it sells its own tvs, antennas, and electrical transformers. It sought overseas investors when it needed capital, and has launched several prominent joint ventures with S Korea's Daewoo, including the Daeha Business Center under construction in Hanoi.

Other Electrical Equipment and Component Manufacturing, Electronics, Electronic Components and Accessories, Management, Hanel

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Questions of control

Article Abstract:

There are currently very mixed views about privatisation in Vietnam, although all observers believe that privatisation has the potential to bring considerable rewards, as state enterprises dominate sectors including banking and transport. Most direct subsidies to state enterprises have now been abolished, but state concerns still have considerable benefits in gaining access to land and commercial credit.

Economic policy

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