Development Trends of Ownership Structures, Economic Sectors, and Business Types in Vietnam

Abstract

The development of the socialist-oriented market economy in Vietnam reveals various trends of ownership structures, economic sectors, and business types. Based on the statistics in the period 1995-2016, this paper describes main characteristics of those trends. These include a decrease in the shares of the state ownership and public sector in the total investment and Gross Domestic Products (GDP) and an expansion of private ownership and non-state sector. Likewise, the proportion of sole proprietorship has decreased while those of multiple ownership, especially joint-stock companies, have shown an opposite trend. On affirming that these trends have come forth as part of the market-oriented economy, the paper makes several policy suggestions concerning the development of forms of ownership structures, economic sectors, and business forms in Vietnam.