Informality and the playing field in Vietnam's business sector /
Stoyan Tenev ... [et al.].
Washington, D.C. : IFC : World Bank : MPDF, 2003.
xix, 105 p. : ill. ; 23 cm.
More Details
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Washington, D.C. : IFC : World Bank : MPDF, 2003.
catalogue key
Includes bibliographical references (p. 99-103).
A Look Inside
Long Description
Private sector growth will be key to maintaining the dynamism of the Vietnamese economy and allowing the country to achieve its development objectives, the study finds. The authors point out that, above all, private enterprises need space to grow. Regulations that run counter to the logic of normal market practices, that give entrepreneurs few opportunities to enter into contractual relationships, or that penalize them for market success are bound to be circumvented, at significant social cost. By contrast, laws and regulations that are in harmony with market forces will be easier to implement, and their implementation will be supported by the same market forces they are designed to protect. Adapting laws and regulations to the needs of the marketplace will not be enough, however. According to the authors, incentives inside the bureaucracy need to be aligned with development. A government committed to development will find it beneficial to support the growth of the private sector.
Main Description
The Vietnamese economy made significant economic progress in the 1990s, reflecting continued progress in market reforms and its integration with the world economy. This study explores the development of the business environment in Vietnam and identifies key challenges remaining and areas for improvement, based on the findings of a survey of private and state-owned enterprises in 11 cities.
Table of Contents
Abbreviations and Acronyms
Introductionp. 1
The Private Sector and Vietnam's Development Challengesp. 1
Focus of the Studyp. 3
Empirical Approachp. 4
Government Interventions and Business Informalityp. 14
Level of Informal Business Activity in Vietnamp. 14
Intensity of Government Intervention in the Vietnamese Economyp. 16
Government Interventions and Business Informality: Main Survey Findingsp. 20
Exploring the Relationshipsp. 28
Bureaucratic Discretion and Incentivesp. 37
Markets, Competition, and Evenness of the Playing Fieldp. 45
Markets and Competitionp. 45
Demand for Business Services and the Importance of Social and Business Networksp. 51
Access to Capitalp. 57
Access to Landp. 66
Performancep. 70
Reducing Regulatory Burdens and Leveling the Playing Fieldp. 76
Toward More Enforceable Laws and Regulationsp. 76
Leveling the Playing Fieldp. 87
Referencesp. 99
About the Authorsp. 105
Table of Contents provided by Blackwell. All Rights Reserved.

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