Vietnam Business : Vietnam Development Report 2006

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dc.creatorWorld Bank
dc.date2012-06-18T18:56:35Z
dc.date2012-06-18T18:56:35Z
dc.date2005-11
dc.date.accessioned2026-07-01T01:04:23Z
dc.descriptionBusiness development has been one of the main forces behind rapid poverty reduction in Vietnam. Together with the redistribution of agricultural land, and the broad coverage of social services, it allowed a large fraction of the population to engage in more productive occupations and raise their living standards. But businesses are still struggling with important constraints. Insufficient availability of finance, difficulties in accessing land and continuous gaps in infrastructure services (in spite of enormous investment efforts) are among the most important obstacles identified by entrepreneurs. In a booming labor market, retaining qualified personnel and finding the skills required to move up the ladder are also perceived as barriers to business development. As a result of these constraints, the domestic private sector remains dominated by small enterprises. In between a myriad household businesses and a few thousand large state-owned enterprises (SOES) and foreign companies, there are not many small and medium enterprises, and only a handful of domestic private firms have made it to the top. Sustaining business development in Vietnam requires the completion of the structural reform agenda. Fully developing the land market, restructuring the financial sector, managing state assets in a more efficient and transparent manner, mobilizing resources for infrastructure development, are the key priorities in this respect. Further integration with the world economy, especially through the accession to the World Trade Organization, is bound to lock-in some of these changes, and level the playing field between domestic and foreign enterprises. But there i s also a complementary reform agenda, aimed at leveling the playing field between the domestic private sector and SOEs and mobilizing capital (both public and private) in an efficient way. Global integration and domestic reforms are needed to sustain rapid economic growth while avoiding the accumulation of large contingent liabilities for the government. For Vietnam to become a middle-income country will entail going beyond structural reforms and laying the foundations of a modern market economy, introducing competition and proper regulation in infrastructure services, modernizing tax administration, reforming the legal and judiciary systems, reducing corruption, improving governance at local levels, are all part of a second generation of reforms that need to be put on track for Vietnam to move up to the next phase.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2005/11/6451539/vietnam-development-report-2006
dc.identifierhttps://hdl.handle.net/10986/8314
dc.identifierhttps://doi.org/10.1596/8314
dc.identifier.urihttp://hdl.handle.net/123456789/414982
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectADB
dc.subjectADVERSE EFFECTS
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURE
dc.subjectBANKING REFORM
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBENCHMARKING
dc.subjectBILATERAL TRADE
dc.subjectBUSINESS COMMUNITY
dc.subjectBUSINESS DEVELOPMENT
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL PLANNING
dc.subjectCOLLUSION
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPARATIVE ANALYSIS
dc.subjectCOMPETITIVENESS
dc.subjectCOMPETITORS
dc.subjectCONSOLIDATION
dc.subjectCORPORATION
dc.subjectCREDIT RATIONING
dc.subjectCREDIT RISK
dc.subjectDECISION MAKING
dc.subjectDEVELOPMENT AGENCY
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDIVERSIFICATION
dc.subjectECONOMIC REFORM
dc.subjectEMPLOYMENT
dc.subjectENTERPRISE OWNERSHIP
dc.subjectENTREPRENEURS
dc.subjectETHNIC MINORITIES
dc.subjectEXISTING BUSINESSES
dc.subjectEXPANSION
dc.subjectEXTERNALITIES
dc.subjectFEASIBILITY STUDIES
dc.subjectFINANCIAL DEEPENING
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL SECTOR
dc.subjectFIRM SIZE
dc.subjectFIRMS
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN ENTERPRISES
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEALTH CARE
dc.subjectHEALTH SERVICES
dc.subjectHOUSING
dc.subjectIMPORT QUOTAS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectINVESTMENT IN INFRASTRUCTURE
dc.subjectJOINT STOCK COMPANY
dc.subjectKEY PERFORMANCE INDICATORS
dc.subjectLENDERS
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIVING STANDARDS
dc.subjectMEDIUM ENTERPRISES
dc.subjectMONETARY POLICY
dc.subjectNATURAL RESOURCES
dc.subjectPACIFIC REGION
dc.subjectPRESENT VALUE
dc.subjectPRIVATE ENTERPRISES
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC DEBT
dc.subjectREAL GDP
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FRAMEWORKS
dc.subjectRESOURCE MOBILIZATION
dc.subjectSAFETY NETS
dc.subjectSAVINGS
dc.subjectSHOPS
dc.subjectSMALL BUSINESS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL ENTERPRISES
dc.subjectSME
dc.subjectSOCIAL SERVICES
dc.subjectSUPPLIERS
dc.subjectTAX ADMINISTRATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEPHONE PENETRATION
dc.subjectTELEPHONE SERVICES
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE BARRIERS
dc.subjectTRANSPORT
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectUNEMPLOYMENT
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleVietnam Business : Vietnam Development Report 2006
dc.titleBao cao phat trien Viet Nam 2006

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