Abstract

Looking back on the 23-year renovation of the state economic institution, between the years 1992 and 2015 (which is supposedly completed basically) will clarify some issues of theory and practice concerning the state-owned model in the condition of Vietnam’s transitional economy. This innovation process is performed through the privatisation of state enterprises, the establishment of economic corporations and state general firms, then the equitisation of all corporations, general companies and state businesses in 2015. Some arising problems should have a discussion involving the key role of the state economy in practice; which administration model is proper; and whether or not the state economic reform is regarded as the necessary measure for the efficient social-economic development.