The Role of the State Economy in the Process of international integration: A Case Study from Vietnam

Abstract

In the process of international integration, the state economy has made an important contribution to socio-economic development and affirmed the key role and important material force of the economy in Vietnam. In general, there are still many limitations and weaknesses such as poor operational efficiency leading to a decrease in productivity; investment inefficiencies result in too many overlapping, small and scattered public investment projects; the poor management of state management agencies, of state-owned enterprises and widespread corruption, have made public investment ineffective; aware of the general activities of state-owned enterprises, the state instituted reforms to gradually reduce the number of state-owned enterprises and the resources available to them so that the proportion of state-owned enterprises contribution to Gross domestic product (GDP) and job creation has declined in recent decades. To contribute to the successful implementation of socio-economic goals in the coming years, along with accelerating equitization, overcome and remove difficulties and limitations in mechanisms and policies, promoting the role of government economy. The purpose of the article is to clarify the results and limitations in promoting the role of the state economy in Vietnam in the process of international integration. From there, the article proposes solutions to promote the role of the state economy in Vietnam in the process of international integration shortly. This is the research objective of this article. In particular, the solutions to promote the role of the state economy in Vietnam in the process of international integration provided by the author are the scientific basis for the Vietnamese government to develop policies and strategies to promote the further role of the state economy.