THE PRIVATE SECTOR IN THE SOCIALIST-ORIENTED MARKET ECONOMY IN VIETNAM: POSITION, ROLE, LIMITATIONS AND PROPOSING SOLUTIONS

Abstract

In recent years, awareness of the position and role of the private sector has made important and positive strides. The legal system, mechanisms, and policies have been gradually improved. Property rights and freedom of business of individuals and organizations are institutionalized and protected by law. The State's management method for the private economy has been renewed to be more consistent with the market mechanism. Administrative reform, especially administrative procedure reform, has been promoted; The investment and business environment has been gradually improved, more open and favorable. Democracy in socio-economic life is increasingly being promoted. This study focuses on analyzing the role of the private sector in the socialist-oriented market economy. From there, propose solutions to further promote the role of this economic sector in the future in Vietnam.