The Emerging Legal Framework for Private Sector Development in Viet Nam's Transitional Economy
Private (especially foreign) investors find Viet Nam's legal framework the most serious impediment to investment. Policy changes to reverse the former command system may be enough to initiate the transition. But without an appropriate legal framework, they will be insufficient for long-term development.A major objective of Viet Nam's transition to a market economy has been to reactivate the private sector in a mixed economy.