A World Bank survey finds Vietnam’s educated elite overwhelmingly favors the country’s transition to a market economy — yet most cling to the contradictory idea that the government should provide economic security.
While 87% want a market economy, just 1 in 4 agrees that Vietnam has one — and 68% think the government should set prices of household items.
This suggests educated Vietnamese may resist completion of the process that began 25 years ago when the government began a gradual transition from a state-run to a market economy. That effort may be stalling as large state-owned monopolies remain intact even though they were supposed to have been privatized by now.
More on the Vietnamese perceptions about the market economy