Hanoi, Vietnam, Jan. 15 -- The Politburo's Resolution 79 defines that the state-owned economy plays a leading role in the national economy, serving as a key resource for the State to stabilize macroeconomy, guide development course and compete on an equal and healthy basis with other economic sectors.
In practice, since the launch of the Doi Moi policy in 1986, the state-owned sector has consistently performed a guiding and regulating function in the economy.
In the early years of Doi Moi, the public sector accounted for more than 40 per cent of GDP, driven largely by the rapid expansion of state-owned enterprises (SOEs). This share gradually declined following the equitisation "turning point" in the mid-1990s, alongside the strong rise o...