Abstract
The state sector is still crucial to the growth of the global economy. Good corporate governance is essential to ensure that state-owned firms contribute to the economy’s efficiency and competitiveness. This chapter covers the economic role of Vietnam as a growing emerging market in the global economy. An overview of Vietnam’s economic development and role as a key emerging market is provided.
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Notes
- 1.
- 2.
The World Bank’s white paper “Estimating the Economic and Distribution Impacts of the Regional Comprehensive Economic Partnership” describes four alternative scenarios to estimate the economic and distributional impacts of the RCEP in Vietnam. https://openknowledge.worldbank.org/bitstream/handle/10986/37012/Estimating-the-Economic-and-Distributional-Impacts-of-the-Regional-Comprehensive-Economic-Partnership.pdf?sequence=1&isAllowed=y.
- 3.
World Bank data. https://data.worldbank.org/indicator/SL.TLF.TOTL.IN?locations=VN.
- 4.
Vietnam 2035 report is a government economic reform plan focusing on achieving upper-middle income status.
- 5.
The list of 19 entities is provided in Appendix 4 of this book (Source: CMSC, 2019).
- 6.
Dinh, H. T. 2013, Light Manufacturing in Vietnam Creating Jobs and Prosperity in a Middle-Income Economy, The World Bank, Washington, DC.
- 7.
Vietnam Investment Review, “Vietnam sets up a special working group to ride the wave of investment relocation,” 25 May 2020.
- 8.
The Saigon Times, “Van Thinh Phat and two leading Asian firms mull investment in HCMC,” 14 April 2022. https://english.thesaigontimes.vn/van-thinh-phat-and-two-leading-asian-firms-mull-investment-in-hcmc/.
- 9.
Vietnam Investment Review, “Nation entices many relocating companies”, 30 September 2020.
- 10.
Public-yet-unlisted firms are firms that have at least 100 shareholders and chartered equity of VND10 billion (or US$476,190) and are not listed on a stock exchange (Securities Law, 2006).
- 11.
VND is the official currency of Vietnam, for which the exchange rate was approximately VND21,000/USD in 2013.
- 12.
The exchange rate was approximately VND23,500 as of the end of 2022.
- 13.
World Bank & OECD.
- 14.
- 15.
General Statistics Office of Vietnam. https://www.gso.gov.vn/en/homepage/.
- 16.
- 17.
- 18.
Fortune Global 500, https://fortune.com/global500/.
- 19.
Nikkei Asia, “Apple to produce millions of AirPods in Vietnam amid pandemic,” https://asia.nikkei.com/Business/Technology/Apple-to-produce-millions-of-AirPods-in-Vietnam-amid-pandemic#:~:text=TAIPEI%20%2D%2D%20Apple%20will%20produce,China%20amid%20the%20coronavirus%20pandemic.
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Hoang, G., Oh, K.B. (2023). Role of Vietnam in a Changing Global Economy. In: An Empirical Study of SOE Corporate Governance Attributes for Emerging Markets. Springer, Singapore. https://doi.org/10.1007/978-981-99-1505-7_2
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