Report on Vietnam’s economic reform announced

A survey, “Changing Attitudes toward Market and State 2011” (CAMS 2011) was reported at a workshop in Hanoi on April 13.
A survey, “Changing Attitudes toward Market and State 2011” (CAMS 2011)was reported at a workshop in Hanoi on April 13.

Jointly conducted by the Vietnam Chamber of Commerce and Industry(VCCI), the World Bank (WB) and the Irish Embassy in Vietnam , thesurvey recorded important indexes to help Vietnamese policymakers,research and consultancy agencies to develop suitable economic andadministrative reforms in Vietnam in future.

The majority of Vietnamese people surveyed highly valued the marketeconomic model in the country and advocated the reform process thatVietnam is implementing, said Chairman of VCCI Vu Tien Loc.

Upto 87 percent of interviewees said that the market economic modelbrings more advantages than any other economic models. Meanwhile, only 7percent said they prefer the State economic model in Vietnam .

This rate showed that most people from all walks support the change ofthe country’s economic system to a market economy model.

The survey, however, found out that outsiders did not appreciate the marketability of Vietnam ’s economy at present.

In addition, the survey also emphasised the transparency of Vietnam ’s economy.

According to Dau Anh Tuan, Deputy Head of Legal Department of VCCI,Vietnam overcame the challenges of the global crisis but has falleninto downturn and slow growth. This shows that Vietnam has not takenadvantage of opportunities to reform its economy as expected.-VNA

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