Vietnam And Africa, The State-owned Economic Research (1986-1999)

The development process of Vietnam抯 non--state economy is full of twists and turns. I U was incorporated into the state sector during the centrally planned economic machanisw.The Sixth National Congress of Vietnam抯 communist party, held in December 1986, initiated an overall economic renovation 1)01 icy ,popularly known as 昑)oi moi? The government formulated a series of policies and laws step by step, to encourage (level opoieiit oC the non梥tate economy, policy system and law systeni had taken shape, the non梥tate sector regaine(1 v igour and achieved a tremendous success, stimulating the whole nut ioiial eeonoiiiv and state enterprise re forttt, I ncreat I ttg I he na t I (HId 1 i iicoiiie and tax, improving peopl&s living standard, creating a lot of employment opportunities. But the non梥tate economy has been faced with many difficulties. for example, the prejudice and resttieiorl of government ,captical problem and so on .in 1998.,After South梕ast Asian finance crsis, the state enterprises are going bankrupt , the whole national economy slumps. Therefore, the government hi gli I y 1)aYS attention to the non 梥 Late sector , improves [lid P run dlvi rowent.