Reform of political institutions
The transition from a centrally planned economy model to a market orientation one has brought Vietnam tremendous economic achievements, making Vietnam one of the most typical examples of the intimate relationship between the institutional environment and economic growth. However, Vietnam is still facing integration challenges in institutional reform. In terms of political institutions, it is unclear whether Vietnam will follow a dominant party system or a monopoly, while the state apparatus is cumbersome and ineffective, the law has not been seriously considered with weak law enforcement capacity. The civil society system is taking shape, but has not brought much material or moral value to members and has not effectively support members’ development.
MASSEI experts are well known as leading scholars in promoting the development of the market economy in Vietnam via different methods. Each of MASSEI’s specialists works in various fields in all three areas of economics, politics, and civil society and is familiar with the current affairs, regulations and policies in these areas. Thus, our policy proposals are based on sound theoretical foundations and focus on the most critical institutional issues that Vietnam is experiencing in practice. Combined with research methods such as comparative analysis, empirical analysis, and references to the experience of countries with developed market economies and international standards, our solutions aim to build a modern, sufficient, and effective market economy in Vietnam. With the growth of the market economy, we hope that economic rights and opportunities will be extended to all people, especially the poor, helping the society become self-sufficient, prosperous and democratic.
In 2014 and 2016, MASSEI has conducted two major research projects assessing the development of the Vietnam market economy and analyzed formal institutions in Vietnam for reform recommendation. The first report sets out criteria for assessing the level of development of the Vietnam market economy, gives an overview and details of each of the market economy’s aspect. The second report provides a theoretical as well as practical basis from many countries around the world to enable Vietnam to rationally select the basic formal institutions that comprise the market-and-civil society-friendly political system, macroeconomic stability, fair competition, a well-defined, complete and secured property rights system for public assets.