Informality and the Playing Field in Vietnam's Business Sector

The development story in Vietnam in recent years has been one of remarkable progress (Dollar 2002). Over the 1990s, the economy doubled and the incidence of poverty declined by half. Although these are indeed notable achievements, they are but the...

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Main Authors: Tenev, Stoyan, Carlier, Amanda, Chaudry, Omar, Nguyen, Quynh-Trang
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank and the International Finance Corporation 2013
Subjects:
SME
Online Access:http://documents.worldbank.org/curated/en/2003/08/2620134/informality-playing-field-vietnams-business-sector
http://hdl.handle.net/10986/15084
id okr-10986-15084
recordtype oai_dc
spelling okr-10986-150842021-04-23T14:03:12Z Informality and the Playing Field in Vietnam's Business Sector Tenev, Stoyan Carlier, Amanda Chaudry, Omar Nguyen, Quynh-Trang ACCESS TO CAPITAL ACCOUNTABILITY ADMINISTRATIVE PROCEDURES ADMINISTRATIVE SYSTEM ALLOCATION OF RESOURCES AND MEDIUM ENTERPRISES BANK CREDIT BANK LOANS BUREAUCRACY BUREAUCRATIC INTERFERENCE BUSINESS ASSOCIATIONS BUSINESS COMMUNITY BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS OPERATIONS BUSINESS SERVICES BUSINESS TRANSACTIONS COMMERCIAL BANKS COMPANY CORPORATION CORPORATIZATION COURT SYSTEM DECISION MAKING ENACTMENT ENTERPRISE REFORM FINANCIAL INSTITUTIONS FINANCIAL SECTOR FIRMS FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN PARTICIPATION FORMAL CONTRACTS GOVERNMENT AGENCIES GOVERNMENT INTERVENTION GOVERNMENT OFFICIALS GOVERNMENT POLICY GOVERNMENT SERVICES INDUSTRIAL OUTPUT INFORMAL BUSINESS INFORMAL ECONOMY INVESTMENT CLIMATE JOB CREATION LABOR FORCE LEASING LEGAL FORM LEGAL SYSTEM LEGITIMACY LICENSING LOCAL ENTREPRENEURS LOCAL GOVERNMENT LOCAL GOVERNMENT AGENCIES LOCAL GOVERNMENTS MEDIUM ENTERPRISE DEPARTMENT NATIONS PREFERENTIAL TREATMENT PRIVATE COMPANIES PRIVATE ENTERPRISES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR DEVELOPMENT FACILITY PRIVATE SECTOR EMPLOYMENT PRIVATE SECTOR GROWTH PUBLIC SERVICE REGULATORY BURDENS REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REPRESENTATIVES SMALL SMALL AND MEDIUM ENTERPRISE SMALL AND MEDIUM ENTERPRISES SME SMES SOCIAL COST SOCIAL SECURITY STATE AGENCIES STATE ASSETS STATE CONTROL STATE ENTERPRISES STATE OWNERSHIP STATE SECTOR STATE- OWNED ENTERPRISES STATE-OWNED ENTERPRISES TAX EXEMPTIONS TAX INSPECTIONS TAX RATES TAXATION TRANSPARENCY POLICY MAKING PROCESSES BUSINESS PRIVATE SECTOR BUSINESS ACTIVITY FLOWS GOVERNMENT INTERVENTION LEGAL SYSTEMS GLOBALIZATION ECONOMIC GROWTH REGULATORY FRAMEWORK POVERTY REDUCTION DEVELOPMENT The development story in Vietnam in recent years has been one of remarkable progress (Dollar 2002). Over the 1990s, the economy doubled and the incidence of poverty declined by half. Although these are indeed notable achievements, they are but the first steps across a difficult terrain. About 30 million people, or more than a third of the total population, continue to live in poverty, and 25 million, or about 60 percent of the labor force, are either underemployed or unemployed. To create jobs for the unemployed, underemployed, and new additions to the work force, Vietnam will have to double the economy again by the end of the decade, but this cannot happen unless both the level and the quality of investment increase substantially. According to World Bank estimates, average total investment must reach 30 percent of gross domestic product (GDP) by 2010, which represents a 5 percent increase over the 1990s, while average productivity will have to be about 40 percent higher (World Bank 2001). To achieve these objectives, Vietnam needs to encourage the private sector to contribute more to economic growth. This will require significant improvements in its business environment. 2013-08-14T20:32:11Z 2013-08-14T20:32:11Z 2003-08 http://documents.worldbank.org/curated/en/2003/08/2620134/informality-playing-field-vietnams-business-sector 0-8213-5647-x http://hdl.handle.net/10986/15084 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank and the International Finance Corporation Publications & Research :: Publication Publications & Research :: Publication East Asia and Pacific Vietnam
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCESS TO CAPITAL
ACCOUNTABILITY
ADMINISTRATIVE PROCEDURES
ADMINISTRATIVE SYSTEM
ALLOCATION OF RESOURCES
AND MEDIUM ENTERPRISES
BANK CREDIT
BANK LOANS
BUREAUCRACY
BUREAUCRATIC INTERFERENCE
BUSINESS ASSOCIATIONS
BUSINESS COMMUNITY
BUSINESS DEVELOPMENT
BUSINESS ENVIRONMENT
BUSINESS OPERATIONS
BUSINESS SERVICES
BUSINESS TRANSACTIONS
COMMERCIAL BANKS
COMPANY
CORPORATION
CORPORATIZATION
COURT SYSTEM
DECISION MAKING
ENACTMENT
ENTERPRISE REFORM
FINANCIAL INSTITUTIONS
FINANCIAL SECTOR
FIRMS
FOREIGN COMPANIES
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FOREIGN PARTICIPATION
FORMAL CONTRACTS
GOVERNMENT AGENCIES
GOVERNMENT INTERVENTION
GOVERNMENT OFFICIALS
GOVERNMENT POLICY
GOVERNMENT SERVICES
INDUSTRIAL OUTPUT
INFORMAL BUSINESS
INFORMAL ECONOMY
INVESTMENT CLIMATE
JOB CREATION
LABOR FORCE
LEASING
LEGAL FORM
LEGAL SYSTEM
LEGITIMACY
LICENSING
LOCAL ENTREPRENEURS
LOCAL GOVERNMENT
LOCAL GOVERNMENT AGENCIES
LOCAL GOVERNMENTS
MEDIUM ENTERPRISE DEPARTMENT
NATIONS
PREFERENTIAL TREATMENT
PRIVATE COMPANIES
PRIVATE ENTERPRISES
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PRIVATE SECTOR DEVELOPMENT FACILITY
PRIVATE SECTOR EMPLOYMENT
PRIVATE SECTOR GROWTH
PUBLIC SERVICE
REGULATORY BURDENS
REGULATORY FRAMEWORK
REGULATORY REQUIREMENTS
REPRESENTATIVES
SMALL
SMALL AND MEDIUM ENTERPRISE
SMALL AND MEDIUM ENTERPRISES
SME
SMES
SOCIAL COST
SOCIAL SECURITY
STATE AGENCIES
STATE ASSETS
STATE CONTROL
STATE ENTERPRISES
STATE OWNERSHIP
STATE SECTOR
STATE- OWNED ENTERPRISES
STATE-OWNED ENTERPRISES
TAX EXEMPTIONS
TAX INSPECTIONS
TAX RATES
TAXATION
TRANSPARENCY POLICY MAKING PROCESSES
BUSINESS
PRIVATE SECTOR
BUSINESS ACTIVITY FLOWS
GOVERNMENT INTERVENTION
LEGAL SYSTEMS
GLOBALIZATION
ECONOMIC GROWTH
REGULATORY FRAMEWORK
POVERTY REDUCTION
DEVELOPMENT
spellingShingle ACCESS TO CAPITAL
ACCOUNTABILITY
ADMINISTRATIVE PROCEDURES
ADMINISTRATIVE SYSTEM
ALLOCATION OF RESOURCES
AND MEDIUM ENTERPRISES
BANK CREDIT
BANK LOANS
BUREAUCRACY
BUREAUCRATIC INTERFERENCE
BUSINESS ASSOCIATIONS
BUSINESS COMMUNITY
BUSINESS DEVELOPMENT
BUSINESS ENVIRONMENT
BUSINESS OPERATIONS
BUSINESS SERVICES
BUSINESS TRANSACTIONS
COMMERCIAL BANKS
COMPANY
CORPORATION
CORPORATIZATION
COURT SYSTEM
DECISION MAKING
ENACTMENT
ENTERPRISE REFORM
FINANCIAL INSTITUTIONS
FINANCIAL SECTOR
FIRMS
FOREIGN COMPANIES
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FOREIGN PARTICIPATION
FORMAL CONTRACTS
GOVERNMENT AGENCIES
GOVERNMENT INTERVENTION
GOVERNMENT OFFICIALS
GOVERNMENT POLICY
GOVERNMENT SERVICES
INDUSTRIAL OUTPUT
INFORMAL BUSINESS
INFORMAL ECONOMY
INVESTMENT CLIMATE
JOB CREATION
LABOR FORCE
LEASING
LEGAL FORM
LEGAL SYSTEM
LEGITIMACY
LICENSING
LOCAL ENTREPRENEURS
LOCAL GOVERNMENT
LOCAL GOVERNMENT AGENCIES
LOCAL GOVERNMENTS
MEDIUM ENTERPRISE DEPARTMENT
NATIONS
PREFERENTIAL TREATMENT
PRIVATE COMPANIES
PRIVATE ENTERPRISES
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PRIVATE SECTOR DEVELOPMENT FACILITY
PRIVATE SECTOR EMPLOYMENT
PRIVATE SECTOR GROWTH
PUBLIC SERVICE
REGULATORY BURDENS
REGULATORY FRAMEWORK
REGULATORY REQUIREMENTS
REPRESENTATIVES
SMALL
SMALL AND MEDIUM ENTERPRISE
SMALL AND MEDIUM ENTERPRISES
SME
SMES
SOCIAL COST
SOCIAL SECURITY
STATE AGENCIES
STATE ASSETS
STATE CONTROL
STATE ENTERPRISES
STATE OWNERSHIP
STATE SECTOR
STATE- OWNED ENTERPRISES
STATE-OWNED ENTERPRISES
TAX EXEMPTIONS
TAX INSPECTIONS
TAX RATES
TAXATION
TRANSPARENCY POLICY MAKING PROCESSES
BUSINESS
PRIVATE SECTOR
BUSINESS ACTIVITY FLOWS
GOVERNMENT INTERVENTION
LEGAL SYSTEMS
GLOBALIZATION
ECONOMIC GROWTH
REGULATORY FRAMEWORK
POVERTY REDUCTION
DEVELOPMENT
Tenev, Stoyan
Carlier, Amanda
Chaudry, Omar
Nguyen, Quynh-Trang
Informality and the Playing Field in Vietnam's Business Sector
geographic_facet East Asia and Pacific
Vietnam
description The development story in Vietnam in recent years has been one of remarkable progress (Dollar 2002). Over the 1990s, the economy doubled and the incidence of poverty declined by half. Although these are indeed notable achievements, they are but the first steps across a difficult terrain. About 30 million people, or more than a third of the total population, continue to live in poverty, and 25 million, or about 60 percent of the labor force, are either underemployed or unemployed. To create jobs for the unemployed, underemployed, and new additions to the work force, Vietnam will have to double the economy again by the end of the decade, but this cannot happen unless both the level and the quality of investment increase substantially. According to World Bank estimates, average total investment must reach 30 percent of gross domestic product (GDP) by 2010, which represents a 5 percent increase over the 1990s, while average productivity will have to be about 40 percent higher (World Bank 2001). To achieve these objectives, Vietnam needs to encourage the private sector to contribute more to economic growth. This will require significant improvements in its business environment.
format Publications & Research :: Publication
author Tenev, Stoyan
Carlier, Amanda
Chaudry, Omar
Nguyen, Quynh-Trang
author_facet Tenev, Stoyan
Carlier, Amanda
Chaudry, Omar
Nguyen, Quynh-Trang
author_sort Tenev, Stoyan
title Informality and the Playing Field in Vietnam's Business Sector
title_short Informality and the Playing Field in Vietnam's Business Sector
title_full Informality and the Playing Field in Vietnam's Business Sector
title_fullStr Informality and the Playing Field in Vietnam's Business Sector
title_full_unstemmed Informality and the Playing Field in Vietnam's Business Sector
title_sort informality and the playing field in vietnam's business sector
publisher Washington, DC: World Bank and the International Finance Corporation
publishDate 2013
url http://documents.worldbank.org/curated/en/2003/08/2620134/informality-playing-field-vietnams-business-sector
http://hdl.handle.net/10986/15084
_version_ 1764425560940871680