Promoting Private Sector Development in Vietnam from the Effectiveness of Supporting Policies

Nguyen Dinh Tai
JEL codes: 
Central Institute for Economic Management Working Paper

Over the last 20 years of Doimoi (renovation) reform policy in Vietnam, private sector has significantly contributed to the outstanding success of the economy. The rapid development of this sector has been resulted from the opening -up economic policy pursued by Vietnamese government and particularly, from the issuance of the Enterprise Law. This law and other policies have been creating a favorable business environment for the private sector development.