Abstract

After nearly 30 years of economic reforms, theories on competition in the development of the Vietnam economy have fundamental changes. Competition has been recognized and becomes a driving force for the development of the economy. However, monopoly, market domination of SOEs and inequality in business still exist in many sectors of the Vietnam economy. One of the important causes leading to this problem is to enhance the role of the state sector in the way of economic development. This study proposes to keep changing theoretical thinking about competition and the role of SOEs; to determine the areas of the state monopoly; and to abolish the monopoly of SOEs in order to perfect the institutions of socialist-oriented market economy in Vietnam.