Publication:
Vietnam Business : Vietnam Development Report 2006

dc.contributor.author World Bank
dc.date.accessioned 2012-06-18T18:56:35Z
dc.date.available 2012-06-18T18:56:35Z
dc.date.issued 2005-11
dc.description.abstract Business 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. en
dc.identifier http://documents.worldbank.org/curated/en/2005/11/6451539/vietnam-development-report-2006
dc.identifier.uri http://hdl.handle.net/10986/8314
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCOUNTING
dc.subject ADB
dc.subject ADVERSE EFFECTS
dc.subject AGRICULTURAL OUTPUT
dc.subject AGRICULTURE
dc.subject BANKING REFORM
dc.subject BANKING SUPERVISION
dc.subject BANKING SYSTEM
dc.subject BANKS
dc.subject BENCHMARKING
dc.subject BILATERAL TRADE
dc.subject BUSINESS COMMUNITY
dc.subject BUSINESS DEVELOPMENT
dc.subject CAPITAL INVESTMENT
dc.subject CAPITAL MARKET DEVELOPMENT
dc.subject CAPITAL MARKETS
dc.subject CENTRAL BANK
dc.subject CENTRAL PLANNING
dc.subject COLLUSION
dc.subject COMMERCIAL BANKS
dc.subject COMPARATIVE ANALYSIS
dc.subject COMPETITIVENESS
dc.subject COMPETITORS
dc.subject CONSOLIDATION
dc.subject CORPORATION
dc.subject CREDIT RATIONING
dc.subject CREDIT RISK
dc.subject DECISION MAKING
dc.subject DEVELOPMENT AGENCY
dc.subject DEVELOPMENT ASSISTANCE
dc.subject DEVELOPMENT STRATEGY
dc.subject DIVERSIFICATION
dc.subject ECONOMIC REFORM
dc.subject EMPLOYMENT
dc.subject ENTERPRISE OWNERSHIP
dc.subject ENTREPRENEURS
dc.subject ETHNIC MINORITIES
dc.subject EXISTING BUSINESSES
dc.subject EXPANSION
dc.subject EXTERNALITIES
dc.subject FEASIBILITY STUDIES
dc.subject FINANCIAL DEEPENING
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL MANAGEMENT
dc.subject FINANCIAL SECTOR
dc.subject FIRM SIZE
dc.subject FIRMS
dc.subject FOREIGN COMPANIES
dc.subject FOREIGN DIRECT INVESTMENT
dc.subject FOREIGN ENTERPRISES
dc.subject FREE TRADE
dc.subject GDP
dc.subject GDP PER CAPITA
dc.subject GROSS DOMESTIC PRODUCT
dc.subject HEALTH CARE
dc.subject HEALTH SERVICES
dc.subject HOUSING
dc.subject IMPORT QUOTAS
dc.subject INFRASTRUCTURE DEVELOPMENT
dc.subject INSURANCE
dc.subject INTELLECTUAL PROPERTY RIGHTS
dc.subject INVESTMENT IN INFRASTRUCTURE
dc.subject JOINT STOCK COMPANY
dc.subject KEY PERFORMANCE INDICATORS
dc.subject LENDERS
dc.subject LEVEL PLAYING FIELD
dc.subject LIVING STANDARDS
dc.subject MEDIUM ENTERPRISES
dc.subject MONETARY POLICY
dc.subject NATURAL RESOURCES
dc.subject PACIFIC REGION
dc.subject PRESENT VALUE
dc.subject PRIVATE ENTERPRISES
dc.subject PRIVATE SECTOR DEVELOPMENT
dc.subject PRIVATE SECTOR PARTICIPATION
dc.subject PRODUCTIVITY
dc.subject PROPERTY RIGHTS
dc.subject PUBLIC DEBT
dc.subject REAL GDP
dc.subject REGULATORY FRAMEWORK
dc.subject REGULATORY FRAMEWORKS
dc.subject RESOURCE MOBILIZATION
dc.subject SAFETY NETS
dc.subject SAVINGS
dc.subject SHOPS
dc.subject SMALL BUSINESS
dc.subject SMALL BUSINESSES
dc.subject SMALL ENTERPRISES
dc.subject SME
dc.subject SOCIAL SERVICES
dc.subject SUPPLIERS
dc.subject TAX ADMINISTRATION
dc.subject TELECOMMUNICATIONS
dc.subject TELEPHONE PENETRATION
dc.subject TELEPHONE SERVICES
dc.subject TOTAL FACTOR PRODUCTIVITY
dc.subject TRADE BARRIERS
dc.subject TRANSPORT
dc.subject TRANSPORT INFRASTRUCTURE
dc.subject UNEMPLOYMENT
dc.subject VALUE ADDED
dc.subject WAGES
dc.subject WORLD TRADE ORGANIZATION
dc.subject WTO
dc.title Vietnam Business : Vietnam Development Report 2006 en
dc.title.alternative Bao cao phat trien Viet Nam 2006 en
dspace.entity.type Publication
okr.crosscuttingsolutionarea Public-Private Partnerships
okr.date.disclosure 2005-12-07
okr.doctype Economic & Sector Work :: Development Policy Review (DPR)
okr.doctype Economic & Sector Work
okr.docurl http://documents.worldbank.org/curated/en/2005/11/6451539/vietnam-development-report-2006
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Transport and ICT
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000160016_20051202141324
okr.identifier.internaldocumentum 6451539
okr.identifier.report 34474
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/12/02/000160016_20051202141324/Rendered/PDF/344740VN.pdf en
okr.region.administrative East Asia and Pacific
okr.region.country Vietnam
okr.region.geographical Southeast Asia
okr.sector Finance
okr.sector Industry and trade
okr.topic Infrastructure Economics and Finance :: Private Participation in Infrastructure
okr.topic Private Sector Development :: Business Environment
okr.topic Banks and Banking Reform
okr.topic Economic Theory and Research
okr.topic Private Sector Development :: Business in Development
okr.topic Finance and Financial Sector Development
okr.topic Macroeconomics and Economic Growth
okr.unit PREM Sector Department (EASPR)
okr.volume 1 of 1
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