Vietnam crisis sees dictatorship support few massive corporations holding economy hostage

Vietnam economic crisis threatens dictatorship at its very core

Vietnam’s state sector a ‘cancer’ in economy – AFP

Opaque, corrupt, inefficient — Vietnam’s state-run companies are used to criticism, but now they stand accused of creating a systemic economic crisis which the communist regime cannot fix. More than 25 years after it started a transition towards a market economy, the government is trying to unpick the SOEs, economic crisis, sector, Vietnam, economy, mistake said Hanoi-based economist Nguyen Quang A, market economy, state sector, percent, Communist Party, public sector, systemic economic crisis, broader economic crisis, major SOEs, largest SOEs, state sector accounts, major economic crisis, total economic activity, Bui Quang Vinh, total public debt, annual GDP growth, commercial bank loans, Ngyuen Tan Dung, so-called private enterprises, coal giant Vinacomin, debts, state-owned firms, public debts, communist regime, state-run companies, state-owned enterprises, economic woes, biggest mistake, government, resurgent inflation, free-market reforms, economic prosperity, spoiled child, long illness, weakest pace, public anger, investment, different interest groups, total investment, SOE subsidiaries, good health, annual growth, economic drama, development aid, and government officials.